{"id":225494,"date":"2021-03-26T11:38:47","date_gmt":"2021-03-26T10:38:47","guid":{"rendered":"https:\/\/buzzsouthafrica.com\/?p=225494"},"modified":"2021-03-26T11:38:55","modified_gmt":"2021-03-26T10:38:55","slug":"can-you-get-a-capitec-loan-without-payslip-application-process-and-requirements-to-note","status":"publish","type":"post","link":"https:\/\/buzzsouthafrica.com\/can-you-get-a-capitec-loan-without-payslip-application-process-and-requirements-to-note\/","title":{"rendered":"Can You Get A Capitec Loan Without Payslip? Application Process and Requirements To Note"},"content":{"rendered":"

Capitec prides itself as one of the biggest banks in South Africa<\/a>, boasting of having more than 15 million customers. It also prides itself as a bank that is always willing to come to its customer’s aid. That is why it has various loan facilities for different things such as temporary loans, home loans, and new facility loans. One of the main requirements to access any such Capitec loan is to present one’s payslip. This has raised the question among self-employed individuals and business people on how they can get such loans since they do not necessarily have a payslip.<\/p>\n

Interestingly, whether one has a payslip or not, one can still get a loan from Capitec bank, although the application process and requirements may vary. More so, there are conditions that one must meet before one will be allowed to get a loan from the bank without a payslip.<\/p>\n

You Can Apply For a Capitec Loan Without a Payslip<\/strong><\/h2>\n
\"Capitec
Image Source<\/a><\/figcaption><\/figure>\n

One of the first things that Capitec requires from customers who are looking for a loan is to provide a payslip showing at least the last three salary payments you have received and your most recent pay. This is important to show that you will be able to repay the particular loan you are requesting from the bank.<\/p>\n

However, in a situation in which you do not work or have a payslip to present, you will still be able to apply for a loan and get it, but that is on the condition that you still have a means of income that will allow you clear off the requested loan when it is required; i.e., from a business, you own or are a part of.<\/p>\n

You will have to show that you have a business and you are making an income from there. More than that, you will also need to show that the company has been duly registered. If it is not well registered or does not have a business to present to the bank, you must have a payslip. Without exception, if you do not have either of the aforementioned, your loan request will not be processed by the bank.\u00a0What this means is that the bank provides money for businesses, but it does not finance businesses.<\/p>\n

Here Are Processes To Follow If You Don’t Have A Payslip<\/strong><\/h2>\n

It is important, before anything else, to realize that the process of applying for a Capitec loan with or without a payslip is very much similar, except for the differences in a few documents. You will be required to apply for a loan as a business owner and not in the same manner as everyone else.<\/p>\n

Here are the steps to follow:<\/strong><\/p>\n

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  • Go to the website of the bank and then to the credit application page<\/li>\n
  • Select the type of loan you need<\/li>\n
  • Fill in all other necessary information<\/li>\n
  • Click on next at the end of your page to verify<\/li>\n
  • Once you are done with that, you will be taken to the results page to be notified about your loan status.<\/li>\n<\/ul>\n

    Note:<\/strong> The above-stated processes apply to unemployed people or those looking to start their businesses, as the bank excludes them from its list of those eligible to get this kind of loan.<\/p>\n

    Requirements To Meet Before You Can Apply For Capitec Loan Without Payslip<\/strong><\/h2>\n
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    Have a good credit record? Yes? No? Maybe? Check your credit rating on our app. #BankBetterLiveBetter<\/a> pic.twitter.com\/XOz0PCNuyU<\/a><\/p>\n

    — Capitec (@CapitecBankSA) August 2, 2018<\/a><\/p><\/blockquote>\n