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Capitec Loans

Last Updated: June 4th, 2018
3 min read
Capitec Loans
Capitec Loans

Capitec bank offers personalised credit in a form of personal loans at the best possible interest rate. Capitec loans gives you access to cash up to R250 000 over flexible repayment terms.

Maybe you wanted to buy a car, improve your homestead, pay for education fees and so on. You can accomplish that with Capitec low interest personal loans.

It gets better: [FYI]

Capitec bank was named the top bank in South Africa, earlier this year (2018). They have over 22.5 million clients.


The bank works with average working-class people and students. They offer affordable banking solutions. One of their most popular used product is the savings account.

We’ve learned that many businesses now encourage employees to open Capitec accounts to save more.

Benefits of Capitec Loans

Capitec offer you various benefits when you take out a personal loan with them.

You will get a personalised credit up to R250 000 over a flexible repayment terms of 84 months. The loan is provided based on your credit profile and financial needs.

Capitec loans are offered at a competitive interest rate from 12%. Please note that Capitec operates under the compliance of the National Credit Act (NCA).

The NCA regulates how credit providers charge for personal loans. Capitec will never over charge you, they want to help with anything possible.

Want to know the best part?

You can spend the money however you want – when you loan application is approved. Many studied consumers for Capitec seem to use personal loan to consolidate debts. You can consolidate all your existing loans for easier monthly repayments

Here’s how you can apply

There are couple of ways you can apply for Capitec loans.

  • You can apply online;
  • Via the mobile app;
  • At the branch (Find your nearest Capitec branch);
  • SMS “CREDIT” to 44773
  • Or alternatively, call 0860 66 77 87 to begin your application

Use the loan calculator to determine monthly installment that best suit your budget.

As mentioned above, the approval of your loan application is based upon several factors.

Below is a list of what will be considered in the process:

  • Your banking and credit history
  • Your income and expenses to see how much you can afford
  • How stable your source of income is, to make the best offe
  • You choose the credit amount that you want
  • You choose the monthly instalment that suits your cash flow or the option that gives you the best interest rate

To find out more about Capitec loans, please visit their website at www.capitec.co.za and read more.

You can visit any of the local branches for more information.

Otherwise, call them on 0860 66 77 87 to speak to a consultant.