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cost of creditLook at your options to makethe best choice. Use the tableas an example to comparecredit offers yourself.

Important The longer the term you choose, the

lower the monthly repayment, but the

more the loan will cost you in total The real cost of credit is therefore the

total repaymentover the term

When buying from furniture stores,always negotiate the best cash price;

then shop for the lowest cost of credit Most unsecured credit providers

include credit life insurance in theirloans (at an extra cost). We include

retrenchment and death cover on allloans months or longer for FREE

Note:Some credit providers quote low interest rates, but charge high creditlife insurance fees. Compare all the fees to find out what the total cost of

your credit is.

credit examples compare your credit offers

You wantCapitec

Bank OtherCapitec

Bank Other

Loan amount 10 000 10 000 50 000 50 000

Term (Months) 12 12 48 48

You pay

Interest rate (%) 20 31 18.7 31

Credit life insurance (%) FREE 10 FREE 10

Once-off initiation fee 1 140 1 140 1 140 1 140

Monthly service fee 57 57 57 57

Your repayment

Monthly repayment 1 089 1 204 1 578 2 239

Total repayment 13 067 14 450 75 744 107 490

Capitec Bank Other

Strict requirements for credit

Youre years or older? You have a recent bank statement, and a salary slip or

pension letter? Youre employed or you earn a pension? (Not self-

employed) Youve been at your current employer for months or

longer? You earn a salary or pension paid into your bank

account? (Not just commission) You havent been handed over, sequestered or placed

under debt review or administration?

quick checklistIf you answer Yes to ALLof the

following, you could qualify for credit

get creditmake the right choices

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Cost of not making yourmonthly repayments

Arrears are recorded at the credit bureaus,which gives you a bad payment profile

Youll qualify for less credit and a shortercredit term from credit providers

Youll be charged higher interest rates on

future credit applications from all creditproviders

A number of defaults will result in no further

credit offered from credit providers andhandover

If you are handed over, you may never beoffered credit again

Extra legal costs when handed over

Please use credit responsibly

When doing your affordability calculation, provide forextra money for any unplanned/emergency expenses

(i.e. money left over for medical treatment) Its less stressful and better for your credit profile

(which determines how much credit you qualify for)to be turned down nowfor a loan than to face the

consequences of a loan you cannot afford Taking credit that you cannot afford always causes

more problems than it solves Leave space for price increases (e.g. electricity) and

unexpected expenses in your budget so that you canmeet your debt commitments in the future

affordability calculation

Income

Salary/Wages/Pension

Expenses

Home loan/Rent

Water/Electricity

Transport(fuel/taxi/train)

Cellphone

Groceries

School fees/Childcare

Clothing

Insurance/Funeral policy

Debt repayments(excluding home loan)

Medical

Other

Surplus (Income Expenses)

Money available

Extra money for unexpected expenses

Money available for a new loan repayment

improve your

credit scoreThese factors could help you get a loan at

more favourable terms:

Having enough money available after all yourdeductions and expenses to easily affordyour monthly repayments

Having a history of keeping your repaymentsup to date (see below)

Limiting your use of short-term, unsecuredcredit

2130A5CreditLeafet

capitecbank.co.za

Fees include VAT. Conditions apply.

All information correct at time ofgoing to print, 12/09/2013, and subject to change.

A registered credit provider. NCR Reg. No.: NCRCP13Capitec Bank Limited Reg. No.: 1980/003695/06

affordabilityCan you easily afford the monthlyrepayments of your loan?

Determine what money you have available after all

your expenses. Plan your budget and consider your

commitment for the full term of a new loan. Always haveextra money for unexpected expenses.