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Are You Ready to Apply for a Multi Loan at Capitec Bank? Calculators and Requirements

Are you in need of money to cover needs? It is never late to find a financial solution and Capitec Bank is a convenient alternative. Since 2001, Capitac Bank hasn’t stopped improving its services. It is currently offering really affordable loans so that clients can count on Capitec to affront whatever need that may appear in life.

                One of the most renowned loans that the company has ready for citizens is called Multi Loan. In fact, in this article, you will read specific details about how they work as well as interest rates, financing periods and requirements needed to apply for them. We will also show how to have access to them, either in person or by implementing technology. And finally, in case you think that multi loans are not enough to satisfy your needs, we will briefly describe other lending programs available.


                These lending programs are special because they grant up to 4000 rands quickly and easily. In fact, you can apply for more than one loan at a time and repay them whenever you feel like doing. Money can be financed only in short periods of times, even one month, and interest rates usually range from 13% to 28%.

                Let’s take a look at a real example: imagine you borrow R4,000 and you want to finance it in 1 year. You will have an interest rate of near 13% so you will have to pay about 530 rands for one complete years. If you want to finance the same amount of money in 2 years, you can have an interest rate of 15%. As a result, you will have pay near 320 rands for two complete years.


                There are some papers that you need to bring to the bank whenever you want to start an application. First of all, you need your identification number to prove that you are older than 18 years. In the sencond place, you are required to have a tax so as to guarantee your post address. And last but not least, don't forget to show your last three slips. In case you don’t have them for being self-employed, you won’t have access to Capitec loans.


                Once requirements are ready, you are in the position to apply for a program. There are many ways to do so:

In person: to visit agent face to face and get money, you can visit, for example, the Johannesburg’s office. It is located in Shop 1, 28 Harrison Street. The office has an exclusive phone number available in the same office hours: 860 102 043. Another branch can be found in Kimberley. It is located at Lennox & Shop 14A at Chapel St. The doors are open during the week in typical banking hours. Of course, you can also call this office by phone dialing up 860 102 043. Agents are waiting for you!

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By phone: if you prefer telephone assistance, questions are answered to the following number: 0860 10 20 43. You can use this line to start online application.

Via internet: you can visit the webpage and start online application from the comfort of your home. What is more, you can send inquiries and comments to


Home loans

Capitec Bank has special loans so as to finance home purchase. The company works with SA Home Loans so as to lend up to R5 million to buy the home of your dreams. The money can be used to buy a home or even to make improvements.

Personal loans

There are also personal loans that facilitate higher amounts of money so as to finance other things. If you want a new car, to go on vacation or to buy new furniture, you can borrow from R4000 to R250000. Such amount of money can be financed with interest rates that go from 12% to 28%. Principal and interest can be repaid in periods that go from 1 month to 84 months. If you want to see how this figures work in real life, let´s see some examples:

                -Imagine you need R100 000 and you want to repay in one year. The minimum interest rate is 13.2%. As a result, you will have to pay about 9120 rands for one year. The same amount of money can be financed in a period of two years. In this case interest rates can be lower: 12.8%. Therefore, you will have to pay 4500 rands for 24 months.

                -In case you need more money, such as R250 000, there are other financing options available. In the first place, you can choose a financing term of two years. One of the lowest interest rates is 15%. In this case, you will have to pay 48 installments of R12248. It is important to know that the same amount can be financed in a longer period: seven years. Interest rates will range from 18.65% to 22.4%. Imagine you can apply for an interest rate of 19%, you will have to make 84 payments of R469.

                All in all, stop wondering how you are going to finance purchases.  If you live near a Capitec Bank Branch, pay a visit; if you live far away, use your personal computer! These are the different alternatives to apply for the kind of loan that seems most convenient for you. There are loans to buy from homes to cars and sofas. Take into account the amount of money you need and the purpose so as to get the lending program that suits you best. Don’t let money complicate your life. Resort to Capitec and enjoy it!

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