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Does Capitec Home Loans for Blacklisted Exist?

We understand that there are many people find themselves in a situation where, they are blacklisted due to their previous finance track record.

Many of those people, they fall into traps and are struggling to apply for car finance, home loans and personal loans

Here we have decided, to discuss if Capitec home loans for blacklisted are available or NOT.

Can I Get A Loan At Capitec If I Am Blacklisted?

First and foremost, we all understand that when it comes to home finance, getting finance alone is a nightmare.

Whether you have a good job or not, if your credit score is not good enough, the banks won’t even try to grant you home loans.

Even if you have a good credit score, some bank will not even grant you 100% home loan.

So, for those who are looking for Capitec home loans for blacklisted, unfortunately you will automatically not even qualify.

Can Blacklisted People Buy A House?

It is feasible to buy a house in South Africa with bad credit, but it is dependent on how bad your credit rating is.

If your name is on a credit bureau’s blacklist, your application for a house loan will almost certainly be denied.

Each bank has its own way for calculating your risk profile, but in general, the higher your score, the lower your risk, and the greater your chances of receiving a bond.

Switch Your Existing Home Loan

They may be able to offer you a more competitive interest rate on your home loan if you switch your existing bond to Capitec Home Loans.

You may be able to pay a reduced interest rate and monthly instalment if you move your bond.

This will help you save money on a monthly basis.

Other potential advantages include:

  • Access to any extra value in your property (known as equity – a once-off cash amount you could get out)
  • Use any equity you get to reduce your short-term debt, do home improvements or towards education
  • You don’t have to worry about paying new bond or home loan registration fees upfront. You can finance these costs as part of your Capitec home loan
  • Switching your bond is a simple process. Complete the application online in 5 –10 minutes and we’ll take care of all the paperwork

How to Apply for Capitec Home Loans

Apply in four simple steps online or in person at your nearby branch.

SA Home Loans has partnered with Capitec to bring you Capitec Home Loans.

On behalf of SA Home Loans, Capitec Bank initiates the application.

Your credit application will be evaluated and approved by SA Home Loans.

As the borrower, you will enter into a credit agreement with a credit provider administered by SA Home Loans.

Once you’ve applied for your house loan and received a reference number, email these documents to

Permanently employed (for both applicants, if applicable)

  • Latest 3 months’ salary slips
  • Latest stamped 3 months’ personal bank statements
  • Copy of SA ID document
  • Copy of marriage certificate or antenuptial contract (ANC) (if applicable)
  • Copy of the signed offer to purchase agreement
  • Personal assets & liabilities statement for loan amounts over R2.5 million

Self-employed (for both applicants, if applicable)

  • Proof of income: Letter of drawings from an accountant (latest stamped 6 months’ personal bank statements
  • Personal assets and liabilities statement
  • Latest stamped 6 months’ business account bank statements
  • Latest 2 years’ annual financial statements
  • Where annual financial statements are older than 6 months to date, current management accounts not older than 2 months signed by the applicant and accountant must be provided in addition to the annual financial statements
  • Copy of SA ID document
  • Copy of marriage certificate or antenuptial contract (ANC) (if applicable)
  • Copy of registration documents or trust deed
  • Copy of the signed offer to purchase agreement

If you are not looking for Capite home loans for blacklisted and want to apply, click here.

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