Loading...
See More

Does Capitec give vehicle finance?

Jan 17 2013 07:24
Steering wheel

(Shutterstock)

Company Data

CAPITEC BANK HOLDINGS LIMITED [JSE:CPI]

Last traded 0
Change 0,58
% Change 0
Cumulative volume 1079
Market cap 35.81bn

Last Updated: 28-11-2014 at 09:51. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Financing a car while jobless

Car finance battle

SA bank charges lower, research shows

Capitec Bank is Top Company of the Year

A truck for our startup

Nedbank warns of car scam

 
A Fin24 user asks whether Capitec will be able to finance his car purchase.

Charl Nel of Capitec Bank responds:

The short answer is that Capitec Bank Holdings [JSE:CSI] does not offer asset base finance. In other words, we do not leverage your house or the asset you are buying to base the credit amount on.

We operate in the unsecured credit environment. In layman's terms, this means that we look at your income potential to pay back a loan rather than what you already own.

Your income and the stability thereof determine how much credit you qualify for. The highest amount we offer is R230 000.

To answer your question: Capitec Bank offers credit, but what clients use it for is up to them.

  - Fin24

Disclaimer: Fin24 cannot be held liable for any investment decisions made based on the advice given by independent financial service providers.

Under the ECT Act and to the fullest extent possible under the applicable law, Fin24 disclaims all responsibility or liability for any damages whatsoever resulting from the use of this site in any manner.

* Do you have a pressing financial question? Post it on our Money Clinic section and we will get an expert to answer your query.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

capitec bank  |  vehicle finance  |  money clinic
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
2 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 
 

Goalkeeper saves five penalties with his FACE!

Nothing, and we mean nothing, will keep goalkeeper Scott Stirling from stopping the ball!

 
 

Men24.com

Hottie of the day: Jesselyn
This invention makes farts smell like chocolate!
11 things men don’t know about their clothes
Hilarious mortal kombat elevator prank!

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...