Capitec now offers home loans

[BusinessTech]

Capitec now offers home loans

Financial services group Capitec, has partnered with SA Home Loans to launch its first full home loan offering.

 

[Thor]

Pitty as I just bought a place and had to move to standard Bamk from Capitec

 

[Compton_effect]

I once heard an ABSA executive state that if Capitec started handling business banking - ABSA would lose half their client-base. I can believe that.

 

[zerocool2009]

Up to R5 000 000 over 30 years

 

[zerocool2009]

They partnered with SA homeloans

One concern would be they are not working with “prime”

 

[Grubscrew]

They partnered with SA homeloans

One concern would be they are not working with “prime”

Howso?

 

[zerocool2009]

Howso?

Google jibar!

Look at the markets now: FNB, Absa and SB leads, then nedbank. (Related to bonds)

SA HL’s still needs to learn a few things.

But lets see. Lets raise this question 12 months from now and see again

 

[Magandroid]

I don't understand this news. Weren't they in partnership like 2 years or so already or is there a difference in the offering now.
Edit - here is an article from 2014 - https://www.property24.com/articles/get-your-home-loan-at-capitec/19964

 

[rodga]

I don't understand this news. Weren't they in partnership like 2 years or so already or is there a difference in the offering now.

thats what I thought

 

[backstreetboy]

Pitty as I just bought a place and had to move to standard Bamk from Capitec

Lol you don't have to bank with the bank where your home loan is.

I don't understand this news. Weren't they in partnership like 2 years or so already or is there a difference in the offering now.
Edit - here is an article from 2014 - https://www.property24.com/articles/get-your-home-loan-at-capitec/19964

Wasn't available in the WC etc. AFAIK.

 

[Thor]

I once heard an ABSA executive state that if Capitec started handling business banking - ABSA would lose half their client-base. I can believe that.

Bamk zero will take care of that.

 

[Thor]

Lol you don't have to bank with the bank where your home loan is.


Wasn't available in the WC etc. AFAIK.

Better interest if I do.

Would've preferred staying with Capitec

 

[zerocool2009]

I once heard an ABSA executive state that if Capitec started handling business banking - ABSA would lose half their client-base. I can believe that.

Lol. I read 4 simple steps to get a bond!

Lol! Hello, we aint buying a car here!

HL’s is a bit complicated! But lets see!

Doubt 50% of any big bank would lose so much clients

 

[Grubscrew]

Google jibar!

Look at the markets now: FNB, Absa and SB leads, then nedbank. (Related to bonds)

SA HL’s still needs to learn a few things.

But lets see. Lets raise this question 12 months from now and see again

Ok I did, there doesn't seem to be that much between it and the repo rate from a lay person view or is there something major I am missing here?

 

[zerocool2009]

Jibar rate, they can do as they please. Thats the issue. A few fnb guys moved, raved, and after 3 months they do as they please.

Just watch out and be careful, thats all