Rating based on 1,196 reviews
With one of the best and most advanced banking infrastructures in Africa, Capitec Bank has the ability to help you achieve your financial goals and when it comes to personal loans we offer some of the best products and some of the most competitive rates and flexible terms.
We welcome new and existing customers to apply
Whether it's your first time using Capitec or whether you're a longtime client of ours, you are welcome to apply for a personal loan with us. This loan can then be used to purchase a vehicle, renovate your kitchen, take the family on their first trip overseas and so much more!
What Capitec can offer you
With so many genuinely good reasons to choose Capitec - we've found that our customer base is ever increasing - just as our customer satisfaction rates.
We are all about simplicity and when you choose us you are choosing a banking partner that strives to get you where you want to go using the shortest and simplest route.
Apply for a personal loan of up to R250,000
At Capitec we offer short term loans that can be applied for quickly and easily as well as long term personal loans of up to R250,000 - these loans are ideal for home renovations, purchasing furniture or financing the purchase of a new or used motor vehicle and carry a maximum APR or Annual Percentage Rate of 28% in line with the National Credit Regulator's recommendations.
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In a Nutshell
- Average processing time 2 to 24 hours
- In-store application
- Unsecured loan option
- Secured loan option
- Early repayment
Our personal loans are a highly attractive loan option due to their flexibility and versatility
Applying for a personal loan couldn’t be easier - with an online application, simple terms, utter transparency and quick turnaround times - we're the lender for the people!
We're truly transparent
While most lenders claim to be transparent very few of them actually list their rates or fees on their websites like Capitec.
Moreover, they like to use complicated jargon and lots of words to mask the fact that their loans are not competitive, expensive and even difficult to obtain.
We've listed all of our rates and fees associated with a personal loan and you can view these on our website!
What you need to do to apply
To apply for a quick loan online you will have to fill out a form that asks you for details such as your name, surname, address, occupation, income and expenses and, providing necessary supporting documentation which includes your ID, bank statements, pay slips and proof of residence.
Financial problems with online solutions
One of the best things about the modern age that we live in is the advancement of technology. Technology has allowed us to make banking more available and more efficient than ever before. This is why we sport some new nifty software on our website that allows you to take your loan entirely into your own hands. Take the hands-on approach to banking with our online loan calculators. The calculator will allow you to determine the appropriate loan amount and term for you by calculating the monthly repayments for you. In this way, you can determine exactly how much you will be able to afford to repay monthly and start planning your budget!
Get more ‘vroom’ for your buck with Capitec
Everybody remembers the time that they purchase their first vehicle. Unfortunately, for many, it is not always a smooth experience. The mounds of paperwork, rushing about to sign documents and struggling to get the finance you deserve can really put a damper on your excitement. That is why, at Capitec, we believe in keeping your excitement levels stacked all the way. With our personal loans, you can get the car of your dreams; whether you are looking to purchase new or secondhand we are here to help you close the deal. Nothing says ‘independence’ like having your own vehicle. Live better with the bank that cares about you and your finances.
Eligibility & Requirements
- Stable address history
- Over 18 but under 65
- Earning a stable income
- Credit check
- Good credit history
- Recent pay slips
- Proof of address
Other Products & Services
- Bank Accounts
- Credit Cards
- Home Loans
Customer Reviews & Testimonials
When I joined Capitec bank I did not realise that I was joining a family. Thank you for always having my back through the tough and the easy times!
— Benoni —
With the help of Capitec I was able to purchase my daughter her first car. She now does not have to struggle with getting back and forth to university. Thank you for helping make our lives simpler!
— Randburg —
Finally a lender that is upfront about all their costs! I feel so confident in banking with Capitec because I know that they are looking out for my best interests instead of their own.
— Vereeniging —
Hopon gave me the chance that I deserved while all the other lenders and banks turned me away. Thank you for helping me when others would not.
— Nelspruit —
Capitec has a friendly and professional service that I have grown to love; it is not my first time dealing with Capitec and it will definitely not be my last. They come highly recommended on my list!
— Oudtshoorn —
- 212, Zevenwacht Mall, Polkadraai Rd & Van Riebeeck Road, Cape Town, Kuils River, 7579, South Africa
- Monday 09:00 – 18:00
- Tuesday 09:00 – 18:00
- Wednesday 09:00 – 18:00
- Thursday 09:00 – 18:00
- Friday 09:00 – 18:00
- Saturday 08:00 – 14:00
- Sunday 09:00 – 13:00