What is the difference between this and the other Capitec credit products like a term/personal loan?
- This is credit for specific need, offered at a discounted interest rate and over an extended term.
- Customer can only apply through the TCM webstore.
- If the customer qualifies and the credit is approved, the money will be paid directly to TCM.
- A term loan or personal loan can be used for various needs and the money is paid into the client’s bank account on approval, but the customer won’t receive a discounted interest rate or an extended term.