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Capitec Bank pay off

Payoff Capitec

Capitec Bank offers several convenient options for repaying a loan, designed to accommodate various client preferences. Loan repayments can be made directly through the Capitec mobile app or Internet banking, allowing for easy online management. Clients can also set up recurring debit orders to automate monthly payments, ensuring they never miss a due date. Additionally, repayments can be managed through electronic funds transfer (EFT) by selecting Capitec Bank as the recipient. For in-person options, clients may visit Capitec branches, where they can pay in cash or consult with a representative for assistance with other repayment methods. These flexible payment options help Capitec clients stay on top of their loan commitments efficiently.

Pay Online from Your Bank Account

  1. Visit the Capitec Bank online banking website and log in with your account credentials.

  2. Navigate to the “Payments” section.

  3. Select “Add Recipient” if you haven't already added your loan account as a payee. Enter your loan account number and details as needed.

  4. Choose the account from which to make the payment and enter the payment amount.

  5. Set up automatic payments if you wish to automate recurring loan payments.

  6. Verify all entered details for accuracy, including the recipient and amount, and then confirm the payment.

  7. Save or print the payment confirmation for your records.

Pay Through the App

  1. Open the Capitec mobile app and log in using your PIN.

  2. Go to the “Payments” section.

  3. If it’s a new recipient, tap on “Add Recipient” and enter the details of your loan account.

  4. Once the recipient is added, select it from your list of payees.

  5. Choose the account for payment, enter the amount, and decide if it’s a one-time payment or set up a recurring debit.

  6. Confirm all payment details, ensuring accuracy.

  7. Complete the transaction and choose to save or send the receipt as needed.

Pay from Another Bank

  1. Log into your other bank’s online banking platform.

  2. Add your Capitec loan account as a recipient by entering the loan account details as prompted.

  3. Follow the bank’s verification process for external recipients if needed.

  4. Once verified, enter the payment amount, verify details, and schedule the payment.

  5. Confirm and save or print the confirmation for your records.

Other Payment Methods

For clients who prefer in-person options, Capitec allows loan repayments at its branches, where a consultant can assist with payment setup and provide guidance on different repayment methods. Additionally, Capitec offers PayShap and Capitec Pay through the mobile app for quick, seamless transfers to the loan account. These digital solutions enable instant, secure payments by simply selecting the preferred method within the app, confirming the payment details, and completing the transaction.

Additional Resources

Sources

FAQ

Can I schedule automatic loan repayments with Capitec?

Yes, Capitec allows clients to set up automatic loan repayments through its app or Internet banking. Simply select the loan account, set the frequency and amount, and Capitec will automatically process each scheduled payment, helping clients avoid late fees and stay on track with their loan.

What should I do if I miss a loan payment with Capitec?

If you miss a payment, it’s important to contact Capitec's customer service as soon as possible to discuss options for making up the payment. Capitec may allow clients to reschedule payments or discuss adjustments to prevent negative impacts on their credit history.

Are there any fees for paying a Capitec loan from an external bank account?

Capitec does not charge fees for accepting loan payments; however, fees may apply from the other bank for an EFT transfer. It’s best to check with the external bank regarding any applicable fees.

Can I change my repayment date for a Capitec loan?

Yes, clients can request to change their repayment date to a more convenient time within the month. This can usually be arranged by contacting Capitec’s customer support, who will guide you through any requirements or considerations for the adjustment.

Is there a penalty for early loan repayment with Capitec?

Capitec allows early loan repayments without penalties, enabling clients to pay off their loans sooner and potentially save on interest. For specific details or arrangements, it’s recommended to consult with a Capitec representative.

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Update 01.11.2024

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