In this video I review the Capitec Access Facility and look it why it may be a better option than a personal loan. With the Access Facility from Capitec, you basically become your own bank, with the funds ready for you to use whenever you want. You never need to go into a branch again or take out a separate loan if you need more funds.
It’s like an overdraft in a way, without your account having to hit zero before you access the funds. The Capitec Access Facility is like having a financial safety net. It’s a flexible credit facility that gives you access to funds whenever you need them. Think of it as a mix between a credit card and a personal loan.
Unlike a personal loan though, you can adjust your payment amount or your payment term after you have taken it out, all within the convenience of your own Capitec app. You can dip into it whenever you want, and you only pay interest on what you use.
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