Capitec Bank offers South Africans a simple, transparent and flexible way to borrow — whether for personal goals, home improvements, education or debt consolidation. Their Personal Loan product is designed to adapt to your lifestyle and financial situation, making it easy to access funds when you need them most.
How to enrol into a Capitec Bank Personal Loan?
Applying for a Capitec Personal Loan is quick, paperless and entirely digital. You can complete your application online or through the Capitec mobile app and receive a decision in just minutes.
To apply, you will need:
✅ Complete the online form with your personal details.
✅ Choose the loan amount and repayment term that best fits your budget.
✅ Provide your South African ID (must be 18 years or older).
✅ Upload your latest payslip.
✅ If your salary is not deposited into a Capitec account, include three months of bank statements showing consecutive salary deposits.
Once submitted, your application will be assessed based on affordability and credit profile.
How does it work?
Capitec assesses your credit history, income, and monthly expenses to create a personalised loan offer that suits your needs.
You can borrow up to R500,000, with repayment periods from 12 to 84 months, all at a fixed monthly instalment — so you always know exactly how much to pay.
Capitec also gives you the option to consolidate multiple existing loans into a single Capitec Personal Loan, helping simplify your finances.
Each approved loan includes credit insurance, which covers death, disability, retrenchment or temporary income loss.
Why should I seek a Capitec Bank Personal Loan?
Capitec stands out for its simplicity, speed, and transparency — three key reasons why millions of South Africans trust them.
With Capitec’s Personal Loan you can:
- Borrow up to R500,000 with repayment flexibility.
- Select between the lowest instalment or lowest interest rate options.
- Get rapid approval and immediate payout once verified.
- Enjoy a 100% digital application process.
- Receive clear, upfront costs with no hidden fees.
Capitec is ideal for individuals who value control, transparency and quick access to funds from a reputable bank.
What can I expect while applying for a Capitec Personal Loan?
✅ Loan amounts up to R500,000.
✅ Repayment terms from 12 to 84 months.
✅ Personalised interest rates starting from 12.75% per annum.
✅ Fixed monthly repayments for easy budgeting.
✅ Option to consolidate existing loans.
✅ Credit insurance included as standard.
✅ Fast approval and payout within minutes after verification.
How do the rates work?
Capitec offers individualised interest rates depending on your credit history and affordability profile.
Rates start from 12.75% per annum, fixed for the duration of your loan — giving you predictable monthly payments and full control over your finances.
For example, a loan of R50,000 over 48 months at 22% per annum results in monthly repayments of approximately R1,741, including all service and initiation fees.
Where do I apply?
You can apply directly online.
During the application, you’ll choose your loan details, upload documents, and receive an instant offer.
Once approved, funds are typically available immediately in your Capitec account, giving you the flexibility to use them right away.
To know more about Capitec Bank’s Personal Loan, its rates, and to apply today, click below!