Capitec operates as a retail bank that serves both individuals and businesses, but does not provide business banking for close corporations, companies, partnerships or trusts. It claims to focus on simplifying the banking experience, according to their literature. The bank maintains over 668 retail branches nationwide, 3418 own or partnership ATMs and has over 6.2 million customers.

Capitec has a variety of credit offers that are tailored to your specific needs. You can get a loan if you meet their criteria. With Capitec you can get long-term personalised credit of up to R250 000, a multi loan for daily needs or apply for a home loan by SA Home Loans. Here is what they offer:

Personal Loan

Up to R250 000 cash over 84 months based on your affordability and credit profile.

How to qualify

If you answer ‘Yes’ to all of the following questions, you could qualify for credit:

  • Are you 18 years or older?
  • Do you have a recent bank statement and salary slip/pension letter?
  • Are you employed (not self-employed) or do you earn a pension?
  • Have you been with your current employer for longer than 2 months?
  • Do you earn a salary (not just commission) which is paid into your bank account?
  • You haven’t been handed over, sequestered or placed under debt review/administration?
  • Self-employed? If you determine your own salary and payment date, you unfortunately don’t fall within our credit-granting policy.

Credit comparison tips

  • Look at the total repayment amount over the full term
  • While the interest rate is an important factor, don’t let it be the only one
  • Understand the fees (once-off initiation fee and monthly service fee) and consider credit insurance (we offer this free on loans 6 months or longer)