Do you need cash in a hurry to buy a new home, a vehicle, or to cover your living expenses while waiting for a pension payout? If so, you might want to consider bridging finance as a solution.
Bridging finance is a type of short-term loan that provides you with immediate funds to bridge the gap between two transactions. For example, if you are selling your current house and buying a new one, you might need some money to pay for the deposit, transfer fees, and other costs. Or, if you are buying a car from a dealership or online, you might need a loan to pay for it before you receive the title. Or, if you are a pensioner who is waiting for your retirement fund payout, you might need some money to cover your living expenses in the meantime.
Capitec Bridging finance can help you in these and other scenarios, where you need cash in a short time, but you have a source of income or an asset that will enable you to repay the loan in the near future.
One of the leading banks that offers bridging finance is Capitec. Capitec is a South African bank that provides various credit solutions to suit your needs and goals. Whether you want to buy a home, a vehicle, or just need some extra cash, Capitec has a solution for you.
The Benefits of Capitec Bridging Finance
Capitec bridging finance has many benefits that make it an attractive option for customers who need cash in a hurry. Some of these benefits are:
Competitive interest rates from prime. Capitec offers interest rates that are linked to the prime lending rate, which means you pay less interest than other lenders. The interest rate is also personalised, based on your credit profile and affordability.
Flexible repayment terms up to 84 months. Capitec gives you the option to choose the repayment term that suits your budget and cash flow. You can repay the loan in as little as 1 month or as long as 84 months, depending on your needs and preferences.
Unsecured loans, meaning you own the asset from day one. Capitec does not require any collateral or security for its bridging finance loans. This means you own the asset you are buying from the start, and you do not have to worry about losing it if you default on the loan.
Fast and easy online application process. Capitec makes it easy for you to apply for bridging finance online. You can fill in a simple online form and get an offer in seconds. You can also upload your documents online and sign the contract electronically, saving you time and hassle.
Access to a range of vehicle and home loan partners. Capitec has partnered with various vehicle and home loan providers to offer you more options and convenience. You can choose from a wide selection of vehicles and homes, and get the best deal possible.
How Capitec Bridging Finance Can Help Different Customers
Capitec bridging finance can help different customers in different situations. Here are some examples of how Capitec bridging finance can help you achieve your goals:
A homeowner who wants to sell their current house and buy a new one. If you are in the process of selling your current house and buying a new one, you might need some cash to cover the deposit and other costs. Capitec bridging finance can provide you with the funds you need to secure your new home, while you wait for the sale of your old home to be finalised. You can then repay the loan with the proceeds from the sale of your old home.
A car buyer who finds their dream vehicle at a dealership or online. If you are looking for a new or used car, you might find your dream vehicle at a dealership or online. However, you might not have the cash to pay for it upfront. Capitec bridging finance can help you buy the car you want, without having to wait for a bank approval or a trade-in. You can then repay the loan with your monthly income or with the money you get from selling your old car.
A pensioner who is waiting for their retirement fund payout. If you are a pensioner who is waiting for your retirement fund payout, you might need some money to cover your living expenses in the meantime. Capitec bridging finance can help you get the cash you need to pay for your bills, groceries, medical expenses, and other needs. You can then repay the loan with your retirement fund payout, once you receive it.
How to Apply for Capitec Bridging Finance
Applying for Capitec bridging finance is fast and easy. You can choose from two options:
Visit the Capitec website or app and browse the credit solutions. You can go to the Capitec website or app and explore the different credit solutions that Capitec offers. You can choose the vehicle or home loan option that suits your needs and goals. You can then fill in a simple online form and get an offer in seconds. If you accept the offer, a Capitec consultant will contact you to finalise the application.
Visit a Capitec branch with your ID, salary slips, and bank statements. You can also visit a Capitec branch near you and speak to a friendly consultant. You will need to bring your ID, your latest salary slips, and your bank statements for the last 3 months. The consultant will assess your credit profile and affordability, and give you an offer. If you accept the offer, you can sign the contract and get the money in your account.
See also: Quick Bridging Loans
Conclusion
Capitec bridging finance is a great way to get cash in a hurry to buy a new home, a vehicle, or to cover your living expenses while waiting for a pension payout. Capitec bridging finance offers competitive interest rates, flexible repayment terms, unsecured loans, fast and easy online application process, and access to a range of vehicle and home loan partners.
Capitec bridging finance can help you achieve your goals and dreams, without compromising your financial well-being.
If you are interested in Capitec bridging finance, or want to learn more about it, visit the Capitec website or app today. You can also contact Capitec on 0860 10 20 43 or email them at ClientCare@capitecbank.co.za. Capitec is ready to help you with your credit needs and goals.
