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Cape Town - Capitec Bank announced at its AGM on Monday that it will launch a home loan offering in answer to market demand.
Capitec has concluded a co-operation agreement with SA Home Loans to pilot the introduction of home loans throughout branches in Gauteng for a period.
Thereafter it will be rolled out in the rest of the country, in areas where SA Home Loans has the necessary support infrastructure.
“We recently embarked on the #AskWhy campaign and the feedback from our customers was that they wanted the 'Capitec simplicity approach' to home loans," said Capitec CEO Gerrie Fourie.
“Capitec’s in-branch consultants will assist with the application and initial approval process where after customers will be contacted by a dedicated SA Home Loans consultant within one business day to guide them through their full evaluation and registration process.”
Fourie added that Capitec signed the cooperation agreement with SA Home Loans because the company had a good “cultural fit” with Capitec.
The product will be the same as that which is currently offered by SA Home Loans and will be available to new bond applicants as well as Capitec clients with existing home loans, who would like to switch their bond to SA Home Loans.
Fourie also announced a partnership with Spark ATM Systems to roll out freestanding Capitec-branded ATMs in retail spaces across South Africa.
Withdrawal fees will be the same as other Capitec ATMs.
Fourie said ATM and branch numbers were being expanded as this received the most queries on the Capitec Facebook page.
Capitec has concluded a co-operation agreement with SA Home Loans to pilot the introduction of home loans throughout branches in Gauteng for a period.
Thereafter it will be rolled out in the rest of the country, in areas where SA Home Loans has the necessary support infrastructure.
“We recently embarked on the #AskWhy campaign and the feedback from our customers was that they wanted the 'Capitec simplicity approach' to home loans," said Capitec CEO Gerrie Fourie.
“Capitec’s in-branch consultants will assist with the application and initial approval process where after customers will be contacted by a dedicated SA Home Loans consultant within one business day to guide them through their full evaluation and registration process.”
Fourie added that Capitec signed the cooperation agreement with SA Home Loans because the company had a good “cultural fit” with Capitec.
The product will be the same as that which is currently offered by SA Home Loans and will be available to new bond applicants as well as Capitec clients with existing home loans, who would like to switch their bond to SA Home Loans.
Fourie also announced a partnership with Spark ATM Systems to roll out freestanding Capitec-branded ATMs in retail spaces across South Africa.
Withdrawal fees will be the same as other Capitec ATMs.
Fourie said ATM and branch numbers were being expanded as this received the most queries on the Capitec Facebook page.
