Managing multiple debts can be stressful and expensive. With a CAPITA Debt Consolidation Loan, you can combine your credit cards, personal loans, and other unsecured debts into one simple, manageable monthly repayment.

 Target Audience:

Who is this product designed for?

• 18-60
• First-time homeowners
• Clients with existing land loans who are now ready to build their homes
• Individuals ready to build their home

Key Features:

• List the main features of the product.
• One easy repayment by combining multiple debts into a single loan
• Competitive interest rates – save money compared to high interest rate credit cards
• Flexible repayment terms up to 5 years

Benefits:

What are the benefits of using this product?

• Structured repayment options tailored to improve borrower’s cash flow
• Improved Credit Health
• Fast-track approval for eligible applicants

Requirements/Eligibility:

What are the requirements for this product?

• 2 forms of photo bearing ID
• Job Letter and pay slips
• Statement or pay off letters from all institutions owed.
• 3-month bank statements

What is the eligibility criteria for this product?

• Age: 18 years or older
• Employment:
  • Salaried: Minimum 6 months with current employer
• Credit History:
  • Clean credit report with no recent defaults or judgments
  • Demonstrated ability to service loan repayments

Application Process:

• How can someone apply for this product?

1. Review Your Finances

List your current debts and assess how much you want to consolidate.

2. Submit Your Application

Apply online via credit@capitacaribbean.com or visit our Capita location.

3. Loan Assessment

CAPITA reviews your income, expenses, and credit profile to determine the best consolidation strategy.

4. Approval & Offer

Once approved, you’ll receive a loan offer outlining the repayment schedule.

5. Disbursement & Pay-Off

We disburse the loan directly to your creditors—no more juggling multiple payments

Frequently Asked Questions (FAQs):

• How does debt consolidation work?
  We provide a single personal loan to pay off your existing debts. You’ll then make just one repayment to CAPITA instead of multiple creditors
• Will I save money by consolidating?
  Yes, especially if your current debts have high interest rates. Consolidating to a lower-rate loan can reduce your overall interest costs.
• What fees are involved?
  Any fees will be clearly outlined before you accept the loan.
• Can I consolidate secured loans?
  This loan is designed for unsecured debts. If you have secured loans, speak with an advisor about your refinancing options.

Additional Notes:

• Interest rates are applied to the reducing balance of the loan