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Capitec Bank Loans | Requirements and Online Application

Capitec Bank was established in 2001 and has over ten million clients. The growth this company has experienced in less than twenty years is impressive. So much so, that Capitec now has more than 800 branches in South Africa. We believe we’re painting quite a picture here. This is definitely a bank you can rely on to ask for a loan. For this reason, we will walk you through how to submit your application and what requirements you will need to meet to qualify for a loan at Capitec. We will also be talking about how to calculate your loan, and other characteristics of the personal loans you can find at this bank.

How do I apply for a Capitec Loan Online?

Capitec was able to grow its business in a great part due to their commitment to providing excellent services to their customers. This is also related to how they allow their clients to reach them out. As we are all different, there are different ways in which we like to get things done. Some of us prefer requesting services in person and having one-to-one conversations with our providers. And there are some other people who would rather not having to move from their houses to buy the services they need. Since Capitec is aware of these various preferences, it has established four ways in which you can ask for their loan:

  • Online: you will have to fill in an online application with your personal information and the data regarding the loan
  • In person
  • Over the phone
  • Through Capitec App

2 Basic Requirements to Qualify for a Personal Loan at Capitec

A lot of South Africans get super enthusiastic about Capitec personal loans because they offer convenient interest rates and loans that can be of a maximum of 250,000 Rands. Also, with this loan you pay fixed repayments and the term can be of up to 84 months. This is a tempting offer, but before you rush yourself and start applying for this loan, you should know if you can qualify for it.

There are two requirements you will have to meet to being able to ask for Capitec personal loan; these are:

  1. Being more than 18 years old
  2. Being permanently employed and being able to provide proof of this employment

What Documents do I Need to Apply for a Loan at Capitec Bank?

If you meet the two basic requirements we told you about, you will be able to request a personal loan at Capitec Bank. Just imagine all you can do with this loan. You can finally buy that car you’ve been thinking about for so long or start your own business. Or you can surprise your partner and invite them on a trip. You will be able to decide what to do with the money borrowed since these loans are multipurpose.

Capitec makes it pretty easy for you to apply for their loans; all you need to do is provide them with 3 documents. These are:

  1. Your South African ID
  2. Last payslip
  3. Most recent bank statement proving that you’ve been deposited three consecutive salaries in your account

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How Much Loan do I Qualify for at Capitec Bank?

We already told you that the maximum amount of money that Capitec Bank borrows on personal loans is 250,000 rands. However, this does not necessarily mean that you will be able to borrow this amount. The reason behind this is that after you provide Capitec with your payslip and all the other documents, the bank will study your affordability. After this investigation, Capitec will let you know the amount of money you can safely apply for based on your income and your credit history.

How to Use Capitec Personal Loan Calculator?

We strongly advise you that after you’ve determined you qualify for a personal loan at Capitec, you use Capitec loan calculator. This is called a credit estimator at this bank, and is an online application where you will be able to simulate your loan. What information will you get? You will find out how much money you would have to pay in repayments every month. Please notice that since this is an estimator, all the information you receive will be in approximate terms. You will get the actual numbers once your loan is approved by the bank. Remember that instalments will vary on the basis of interest rates and you will only be able to know what interest rate will be applied on your loan after Capitec runs an affordability research on you.

Is it Possible to ask for a Capitec Loan without a Payslip?

We are well aware that not all workers share the same conditions. There are many people who work on their own or even some that are employed but do not receive any kind of certification of their salary. Unfortunately, it will not be possible for these individuals to ask for a quick and easy loan at Capitec. This leaves freelancers and sole traders, for instance, out of this amazing loan.

If this should be your case, we encourage taking a look at our articles. There you will find information about the alternatives available for you. You will learn about loans and companies that offer loans to people without payslips. You will find these articles on our main page under the title of Loans per Type. Furthermore, if you have a question or if you need guidance, you are welcome to leave us a message at the bottom of this page, and we will do our absolute best to help you out.

How long does Capitec Take to Approve a Loan?

Once you apply for a loan at Capitec and provide this company with the three documents we described above, Capitec will start evaluating your information and assessing if it is safe for you and them to be given this loan. At this time, Capitec will also consider what interest rate they can offer you. All of this may take the bank a whole week. However, bear in mind that this term might be shorter or longer depending on your specific situation.

We have briefly described the personal loan that you can request at Capitec. For this, we’ve reviewed what requirements you need to fulfil and how to submit your application. We told you how to use Capitec’s online loan calculator and how to find out how much money you will be able to borrow. 

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Questions and answers

I want to apply for R15 000 and I earn around R4600, can I?

At Capitec you can ask for a loan of R15,000 and pay it back in up to 84 months. If you earn R4,600 you will probably able to ask for this amount if your credit record is good. Also, you need to provide Capitec with your payslips and bank account details. 

If I have 5 months working, will I get a loan in Captiec?

As long as you receive a paying slip for your work, and you have a bank account under your name for at least three months, you would have no problem in asking Capitec for a loan. Of course, your credit history must be solid for Capitec to consider you for a loan. 

If I am working on a contract, say maybe two year-fixed term contract, can I qualify for a loan at Capitec if I will repay it in a year?

If you are working on a two-year-fixed contract, and you receive payslips to account for your income, you should have no problems with asking and qualifying for a personal loan at Capitec. However, there will be other factors in play, such as how good is your credit record, for instance.

My salary is R6500. I qualify, how much?

If you earn R6,500 (and you can show Capitec proof of this with your payslips) you will qualify for an amount of money and a term that will allow you to pay off the loan without entering into financial problems. In general, banks only let you ask for loans that have installments that represent 25 to 30% of your salary.

Can one have an R10,000 loan with salary of R3,000 per month?

Yes, you can ask for an R10,000 loan with a salary of R3,000 per month provided that your credit record is satisfactory and that you choose a repayment period that allows for installments that you can actually afford. You should remember that what is important for Capitec is that you are able to pay back the loan without neglecting your other obligations.

Hi, if I want to borrow 7000 for 6 or 12 months, how much will I pay?

The installments you will have to pay for a loan at Capitec for R7,000 for 6 or 12 months will depend on the interest rate you get. For instance, if you are offered an interest rate of, say, 16% you would have to pay 676 Rand if you chose the 12-month term or 1,353 if you chose the 6-month term.

My salary is 2500 every fortnight do I qualify for R15000 loan?

If you receive a payslip for your R2,500 salary on a fortnightly basis, then you might be able to qualify for a R15,000 loan at Capitec Bank. If you do not have a payslip that proves you earn this money every month, then you will not be able to ask for a loan at this bank.

Hi, am domestic worker and my salary is R4000 how much can I qualify for a loan?

For you to qualify for a loan at Capitec as a domestic worker, you must receive salary slips from your work. Capitec will not be able to help you if you do not have this document. The amount you can qualify for in a loan will be determined by Capitec after reviewing your credit record.

I earn 11600 per month, if I take R250.000 for 84 months how much will I pay for it?

Capitec bank will be the only one able to tell you exactly how much money you will have to repay for a R250,000 loan for 84 months. Why is this? Because with your salary and your credit record information, the bank will determine the interest rate for your loan. Let us for the sake of illustration suppose that this rate is 20%; in this scenario, you would pay installments of R6,522, aproximately.

I'm an electrician who banks with Capitec, can I get a personal loan of R6000 on a R8000 salary, and how long does it take to get approved?

If you receive a payslip for your salary of R8,000, you might be able to ask for a loan of R6,000 at Capitec Bank. For a R6,000 loan over 24 months with an interest rate of 14%, you should consider instalments of around R600. However, if you would rather pay it back in 36 instalments, you would pay around R268.

I'm a domestic worker and I need a personal loan of R3000.

If you are a domestic worker who receives payslips every month, you might be able to ask for a loan at Capitec. Supposing you were offered an interest rate of 20.50%, and you chose to repay your R3000 loan in 12 months, you should consider that you will be paying around R387 every month.

Hi, can I use my temporary id to apply for a loan?

No, unfortunately for you to ask for a personal loan at Capitec Bank, you will need your original ID. You could wait until you receive your ID and apply for the loan then either online or by calling them on the phone. If you need the money urgently, you might want to read our articles to find out about other instant loans available.

After applying online and submitting your required documents how long does it take to get your money into your bank account?

After you fill in your online application for a loan at Capitec, the bank will check all your documents to see if they are right. Also, Capitec will make a check on your affordability and your credit profile to assess if it is safe for them to lend you the money. This process might take a week. If the loan is approved, you might have your money within 48 hours after the approval had been informed to you.

Can you please help me with a loan at CAPITEC bank?

With Capitec you can ask for a loan that can be of a maximum of R250,000 and can be repaid in up to 84 months. Repayments are fixed, which means you will know how much money you will need each month to pay off the loan. For you to apply, you will need your ID, your payslip and bank statements.

I started my own business and dont recieve a payslip or any sort of consistent payment. Can I still apply for a loan with capitec

No, unfortunately, if you do not receive a payslip or other document proving your monthly salary, you will not be able to ask for a loan at this bank. However, there are other financial companies that do accept self-employed people such as yourself. In our articles you will find all the info you need.

If i' m permanently employed, and they don't deduct u.i .f then what should I bring for loan application?

If you are permanently employed like you say, you should upload (or otherwise provide the bank with) your latest payslips. If you do not have proof of income, you will not be grated a loan at Capitec. Should this be your case, please read our articles about how to ask for a loan without proof of salary.

Can I get a 40 000 loan in seven days?

Asking for a loan at a serious and reliable bank like Capitec might mean having to wait a little longer than seven days to being able to use the money. First you need to apply for the loan, and then the bank needs to check if the information you provided is truthful. This process might take a little longer than that.

I am left with 1 month to finish paying my loan. I would like to know if I qualify for a 15000 loan.

If you already finished paying your previous loan, you are ready to start a new loan application at Capitec Bank. If you qualify or not will be subject to your affordability. You can start applying online ritht now: you will need documents proving who you are and where you work.

Hi, how much is the interest rate for your loans ? Because my last payment is on end of March.

Hello, thanks for leaving your question at Quotes Advisor. Capitec bank offers competitive interest rates. However, the exact percentage you might get will only be made known to you by Capitec after you apply for a loan and give them your personal and financial information (how much you earn, your banking history, among many other factors).

Hi, I have a loan with Capitec, but this month is my last payment, so i'd like to know if i will get another loan in this same month?

As soon as you pay the last installment of your loan at Capitec you can ask for a new one. Even though you have already been granted a loan at this bank, your credit record and your affordability will be assessed again to see if you are still able to request a loan.

I want to apply online now.

If you want to apply for a personal loan at Capitec online, all you have to do is start your online application. Before you start, you might want to scan or take a picture of your ID, your payslips and bank statements so that you can upload them when you're requested to do it.

If I take a loan for R20000 how much will I pay every month?

This will depend on the repayment term you choose and the interest rate that Capitec is able to offer you. Just for the matter of illustrating how this would look like, let's suppose you get an interest rate of 20.50% and you decide to pay it back in 36 months. In this scenario, you would pay R 863 in installments.

There comes every month 1000 into capitec account. I don't want big loan, just to get going for now can I qualify for loan and there always comes money in account; always active.

Even though your Capitec bank account is active like you say, you will not be able to ask for a loan without a proof of income like a salary slip. The logic behind this is that Capitec needs to be sure that you will be able to pay them back, an although you have money at your account now, if you don't have a proof of income there is no way for them to know that you will have money in the future.


If your loan has been approved and you still haven't heard of Capitec Bank, you should also try to call the bank yourself to ask to talk to a representative. You can e-mail them as well if you do not feel comfortably talking over the phone about matters like this.

How do I apply for Capitec loan online?

Applying for a Capitec personal loan online is super easy. All you will need to do is provide your personal information such as your name, your ID, address, and the like. Also, you will be asked to provide information on your work situation and upload documents proving your statements. Then you will need to enter the amount of money you would like to borrow and the repayment period.

It's for children education.

You are welcome to ask for a loan at Capitec online and use the money for whatever reason you want. If you want the loan to pay for your children's studies, you can do it as long as you fulfill the requirements. If you are looking for a specific school loan, you could also check out our articles on the topic.

Can I apply for a loan if only my child maintenance is paid in bank?

You will not be able to ask for a loan at Capitec if all you receive as income is a grant for child maintenance. What would work is a payslip from a permanent employment. Should you not be able to comply with these requirements, please refer to our texts where we explain how to find finance without payslips.

Where can I submit my documents for my online application to Capitec?

When you fill out your loan application online at Capitec, you should come to a section where those papers are requested. All you have to do is upload them. If you are not prompted to upload them, you should contact the bank for alternative methods for you to send the documents.

I need a business loan I am self-employed I have a company.

There are no business loans at Capitec Bank. However, as a business owner (if you have payslips from your company), you can request for a loan of up to R 250,000. The purpose you give to this money is completely up to you and you can choose to repay it in 84 months.

I need loan for R7000 how am I gonna pay monthly and how much am I gonna pay?

When you ask for a loan at Capitec or any other financial company, the bank studies your financial situation. That is, they look into your credit record and affordability in general. After this, they are able to come offer you an interest rate. How much you will pay each month will depend on those factors. For instance, let's imagine you are offered an interest rate of 20.5 % and you decide to borrow that money over 18 months; then, your installments would be of approximate R581.

Hi I would like to apply for a loan of R10 000 if I do qualify. Thanks.

If you want a personal loan of R 10,000 with Capitec you can start your online application right now. How do you know if you qualify? You will need three latest payslips and three of your last bank statements from the bank account where you receive your salary. And, of course, your identification papers.

Can Capitec borrow me to open my business?

This will depend on the size of the business you wish to open and your financial situation. If you want to launch and entrepreneur business, you could ask for a personal loan and use the money to that end. For this, you need to have a regular source of income that you can prove with a payslip and/or bank statements.

If im self employed can i get a loan at Capitec?

If you are self-employed but you work at your own business and can prove with a salary slip that you earn a regular salary, then you will be able to ask for a loan at Capitec. However, if you are informally self-employed, then, unfortunately, you cannot ask for a loan at this bank.

Can I be able to get a loan at capitec Bank even if am not banking at Capitac? And is it possible to get a loan if I earn 3500 a month ?

You do not necessarily need to be a client to ask for a loan at Capitec Bank as long as you do have some bank account where your salary is paid into. You can try applying online and there you will find out how much money you can qualify for.

Where do we send our document to?

If you want to ask for a personal loan online at Capitec Bank, all you need to do is fill out the information they request you in the form. When you move further along the application process you will be asked to upload your scanned documents. If you have problems with this, you could try calling the bank to ask for an alternative way of sending the papers.

Do I need a Capitec app before applying for a loan?

Although Capitec offers a banking app, it is neither necessary nor compulsory in order to apply for a loan. You can apply online or through the app. The app has some benefits, since you can transfer money, purchase electricity. You can check your accounts and keep better track of your money and of what you spend it on.

Can Capitec borrow me money if I own a business?

Capitec doesn’t offer business loans. However, they can grant you a personal loan if you own a business. This means that if you need the money for yourself but, you don’t have payslips to submit as you earn money from your company, you have a chance to get financial help from Capitec. The only difference is that you can’t apply online in this case. You need to visit one of Capitec’s branch to get the credit.

I didn't have a job but, now I am earning r1500 weekly, can you guys help me?

If you got this job at least three months ago and, you’ve been working ever since, Capitec can consider you a possible borrower. Another factor you must pay attention to is the stability of such job. Unless you’re permanently employed, you won’t be granted the loan as, the bank will make sure you will have money to pay for every installment before accepting your request.

I have a personal loan with Capitec and I need a loan for a car, will I qualify?

As I’m sure you know, Capitec always takes your information to present the best loan offer for you. Whether you qualify for another loan with Capitec or not, will be determined by the payments of your current loan you have already made. Keep in mind that sometimes, it’s better to wait until you finish repaying one loan before entering into a new loan contract. So, think our options and payment capacity carefully before taking more money borrowed.

How much I’m going to pay per month and for how long?

You will decide the terms of your loan. For example, if you want to spend a year or 2 years repaying the money and, the amount you ask for. Consequently, the monthly cost will be stated after having those choices into consideration. As an example, let’s imagine you get R100000 for 3 years at a 12.9% rate. In such situation, you will have to pay R 3743 each month.

If I earn 3500 in would I qualify for a r25000 loan?

Capitec does not specifies a minimum monthly salary to qualify for certain loan amount as, there are more details they look at. Besides the salary, the credit history and banking movements of the applicant play and important role on the qualification. Remember, it also varies according to the monthly installments you choose. If you need to, you can ask for a loan estimation before starting the application procedure.

How much do I have to earn monthly to qualify for a loan?

If you get monthly earnings, meaning, you have a steady source of income and, you’ve had it for three months or more, you can already apply for a loan. Once Capitec processes your information, they will come up with a loan offer based on how much money you receive and how much money you spend month by month.

I work at my brother's hair salon and I want to open my own salon so, I want Capitec to help me with money. I only need a loan of r30 000. Can u help me?

Capitec only grants Personal Loans so, you won’t find business loans with them. if you are given pay slips every month from your employer, you can apply to get a loan with this bank but, you will have to clearly study if that money will help you start a business or, if you will need to contact a company offering business loans.

I need a loan for my children education

There are banks that issue loan products specially thought to meet this particular need. Students loans aim to pay for college, for instance, and help parents build their children future. Even though Capitec doesn’t issue student loans, their personal loans can perfectly work to cover your children education as, they can lend up to R250.000. So, you may follow the steps to apply and get an official answer.

Can I apply for a loan even if I don't have a pay slip?

The only way you may be allowed to get a loan from Capitec without payslips is if you get income from a business you own. If so, that business must be properly registered as Incorporated or, Close Corporation, for example. If you don’t own a business, you need payslips without no exception to make Capitec process your loan request.

I need a loan r2000. Does Capitec offer this amount?

For a Capitec personal loan, the quote should be R5000 or higher. Any loan amount lower than that with this entity will only be possible for a Credit Facility. This product is issued for lower quotes and, must be cancelled in full. The requirement is, basically, to present documents proving your identity, you live in South Africa and you have a job.

Do I qualify to get a loan from Capitec?

If you have taken loans in the past and, you had no problem at all repaying them, you’ll probably pass the credit score tests. Of course, having no debts it’s also important to qualify for a loan at Capitec as, the sum of all your financial information will be key to be approved for a loan.

I would like to apply for a temporary loan, how does it work?

This loan, currently known as Credit Facility, can be requested following simple steps like, filling up the application and, submitting valid documents. This loan works to pay for bills you need to pay for before you get your monthly salary. You use this money to cancel those bills and, when you’re paid, you return that money to Capitec in full. If you fulfill this payment on time, you’ll have it again in the following month.

I need 5000, how much I pay per month?

The monthly installments can be estimated only if we know what’s the term of your loan. For example, that money paid over 2 years may have a monthly cost of R 373 more or less. But, as it’s rather a small amount of money, you prefer to spend less time repaying, let’s say a year, the monthly payments may be around R 608.

How long does it take to approve a loan?

The loan application form submitted is processed immediately and, if you gather the requirements expected, you’ll get the approval quick. What may make the process go slower is the fact that Capitec needs your documents to prepare a loan offer that suits you. Thus, try to have everything in order before beginning the application to help the bank have an answer faster.

I need loan, can I apply with my budget?

In order to know whether you can apply you must first make sure you have the minimum salary requested in Capitec Bank, which is of R3000

Mr or mrs can i ask please if i qualify for loan?

In order to be aware of your status as a candidate for a loab, you must enter the bank´s website, go to the application section and start the procedure. You can also make use of the calculator and check affordability.

How to pay it back a loan on my own?

As regards payment, you must pay two fees: the monthly installments that come along with the loan and the service fee, which is a small amount I can assure you. You can establish payments with debit or credit card or you can also pay in cash. Most clients find it easier to directly deduct payments from their bank account so as to never miss payments.

Is it possible to take a loan immediately after finish paying the other one?

Having a second loan as soon as you cancel your current loan may be a little difficult. On one hand, it’s of paramount importance you have enough time to reorganize your economy to know where you stand on your expenditures before thinking about new installments. On the other hand, Capitec needs to take time to go over your new credit history when deciding to approve your second loan.

When can i get the money for a Clientele Loan?

The application for Clientele loans usually does not last more than a week, so that if your financial documentation and credit record is in order, is less than 7 days you can have access to the money solicited by the bank. There are also companies that offer Pay Day Loans, whose money can be obtained the same day you apply for the loan. Cash Converters offers this type of loan, so please phone on 87 820 4060 and obtain up to R 4000 the same day

Would i get a loan if am self employed?

You can still get access to a loan if you have a proof of employment, that is to say a document that states how much money you earn and data of your employer. This financial documentation replaces payslips and enables you to show the company you are able to sustain the loan on your own.

How fast can I get it?

After you send the loan application form and, Capitec revises it, you will be informed about the outcome of the application. This stage may take some time as the company needs to ask for few documents to verify your situation. Once they check everything, they can inform you your loan has been approved. From the moment you finish the application process, you will wait just a couple of days to receive the money in your bank account.

How can I get this application to be approved?

As a client, in order for your application to be approved it is compulsory that you possess a perfect credit record with further companies, that you have current payslips and bank statements that show you can sustain the loan on your own and that you will permanently live in the country during the time the loan lasts.

I am a pensioner 55 years old would like to make a personal loan if possible thanks in advance

Hi, you can easily obtain a loan being a pensioner, as long as you have a receiptt or a proof or income or payslip. The easiest way for you to apply is by phoning the company on this number: 0860 10 20 43.

I need a loan of r500. I want to know how much must I earn to get it

I’m sorry to tell you, Capitec does not issue that loan amount. You should think about getting at least R1000. If you take a Credit Facility, which are paid within the next month, you’ll have a fee to pay for upfront of R172.50 plus the rest of the fees and the interest rate. You must know, Capitec will present you an offer taking your income into account so, as long as you have a regular salary, you can apply to see what can this bank offer you.

Can we have an easy option to apply at capitec bank and get feedback quickly?

The options available to apply for a loan at Capitec are in person, by the phone or online. Of course, if you want to avoid wasting time going to an office, you can get your loan application through the internet. If you prefer an easy way and also, talking to a person, you can call them on the phone to go over the procedure. Using these ways, you’ll get the fastest answer.

I need to buy a car and I need 25.000. I know the bank can deduct every month from my account with Capitec. Is it possible they help me?

They may be able of helping you but, if you comply with the request they have. That is to say, having a Capitec account is not a guarantee to have a loan with them as, they’ll carry out some evaluations to get to your financial records. Once you get the loan, your payments can be deducted from your Capitec account each month so, you have tu be sure to have the money available on due date.

I have a credit record and have permanent job earnings above r8000 after deductions. Will I qualify for a loan?

If you can present the documents that prove you earn that sum of money on monthly basis and, of course, your identity, you can sure apply for a loan at Capitec. Then, when they process your application form with the information you stated, they’ll take the decision regarding your credit score. If you know your credit record is good, and that you never had liability issues, you must know your chances of getting the loan confirmation are good.

I need a loan for about r10000. What are the requirements. My monthly income is r5000

Applying with Capitec is as easy as getting these three things in mind. First, you must have turned 18 years old already and, have the valid Identity Document to present. Second, get pays lips to prove your job is stable and you earn enough money. Third, having a bank account where there can be seen your salary deposits from the previous 3 months.

Can i apply a loan earning less than R3000?

The minimum requested for Capitec Loans is R 2500 so you can certainly apply for a loan of yours, and remember to also have a good credit record

Hi, I’m interested in getting a personal loan of 5000 from Capitec Bank, thank you

If you’re interested in one of these loans, you can finish deciding by checking their requirements, to start. If you are among the group that meets those requirements, you can start your application online to come up to your loan outcome. When you have the loan offer Capitec shows you, you can make up your mind to see if you accept it or not.

Hi, I am working and I want a loan of 70000.00 to pay it in 12mths. This is not the first time, I applied for a loan and I already paid it up. How much will i pay monthly?

If we consult Capitec loan calculator, we figure out that the monthly payment for those loan terms may be around R6607, if we took the lowest rate possible, which is 12.90%. However, the official cost will depend on your affordability assessment as, after having that result Capitec decides the rate they’ll charge you. The rate can reach up tp a 17.75%.

I would like to apply for a loan over the phone. I bank at Capitec. Is it possible?

Yes! It’s absolutely possible to apply for a Capitec loan over the phone. A nice strategy is to go over your terms’ option using the online calculator before applying. Once you get an idea of the cost you me have to pay for the loan, you can call Capitec to have one of their agents discussing your official quote and, the cost of the loan with precise information.

I want to apply for a loan online

This is, for sure, the easiest and most practical way of applying for a loan. You can go into Capitec’s webpage and go through the entire process. You can commence by getting your loan estimation to find out how much money can you borrowed from Capitec. Then, you can go on by submitting your information and documents to start the application and, getting the loan request approved.

Can i get a loan with my card?

Yes, you can obtain a loan with your debit card at Capitec, so that the monthly installments of your loan are deducted from there and it is easier for you to repay the loan.

Are these loans available in Gauteng?

Yes. Capitec operates in the entire country.

Can you help me with a loan?

Yes, at Capitec you can obtain additional financial resources so that your finances get better and you can sustain daily live on your own.

My salary goes through capitec, how do i get a loan?

Good news, since it is easier to be deducted the money directly from your Capitec account. You have many options but I would suggest online application since it does not take lots of time and you will receive an email with the confirmation so as to gather the documentation requested. Online application is able in the company´s website, which you can found in google.

Do they offer home loans?

Yes, they do. The offer home loans from SA Home Loans.

I need 10 000 pay for 11 months, how much will i pay?

You can apply at Capitec for a loan of R 10 000 and repay for it in 11 months by paying monthly installments of R 927 and interest rates of 4%

Can i get a R 20000 loan?

Yes! If you are interested in obtaining a loan at African Bank, you can get up toR 150 000, which the bank gives you freedom to finance in about 6 years but you can also finance it in 3 months. The amount given will be determined at the moment of application, based on your affordability in terms of your financial status and credit record.

I want to know if i qualify for loan

The only thing you need to do so as to acknoledge whether you qualify for a loan or not, is phoning the company or trying the bank´s calculator, which can be found in its official website, and once you write the figures of your finances together with the amount wished, you will obtain a notificacion with the affordability for the loan.

I do bank with fnb so i would like to know if you can give me a loan amount of r50 000.00

African Bank is a good option to consider if you are looking for that amount, since this bank offers its clients a maximum of R 150 000, so R 50 000 is possible to obtain. Moreover, the amounts will vary depending on the loan you choose.

Can I make home renovations with a loan?

African Bank has designed its home loans, which apart from giving clients the chance of financing the house of their dreams, it enables them to buy new furniture and also make repairs to the house they already possess. For instance, they can buy new equipment of furniture and repay for it in periods of about 6 months. But, you can also choose 60 months period to sustain the renovations made to your home.

What are the interest rates for R 20 000?

If interested in obtaining R 20 000, the company will make you pay interest rates that can range from 12.90 to 27.75% and you will need to make monthly installments of R 1961 each month

Capitec can help me with loan of r 9000 for 12 months online?

You can obtain a loan of R 9000 at Capitec and repay for it in 12 months, so that the installments will be R766.35 and the interest rates will be of 4%

My credit score is terrible. Do you think I can be eligible?

You should apply and see if you are eligible because income and expenses also count when determining eligibility.

I want to build a property, is a home loan helpful?

Totally, with a home loan you can not only make repairs or renovations to an existing home of yours, but you can also take care of the building procedure of a new house you want to live in.

I have credit at capitec, can I borrow again?

When a company that has already lent you money has to decide whether to borrow you more, they pay attention to, among other factors, how you have canceled that existing loan. In general, they ask you’ve reached at least half the installments paid and, of course, without having any default. Apart from that, as always, your credit score will be key to have a positive final decision.

Can I qualify for 20000 if I'm earning 4455?

When using the online calculator over that quote, we can see Capitec estimates you may pay R1131 per month to cancel the loan. This, taking a 2 years’ term as reference. So, at first sight, it seems your income is enough to cover the debt. But, we should take into account how much of that salary you use to pay for daily expenses and, the official cost they’ll charge you for the service. You can go and ask Capitec for a credit estimate. This can be done online by following just three easy steps. If you know what’s your budget, you can organize your money to get the loan.

What do you need to apply for a loan?

All you need is to meet the normal requirements any company requests before lending money. You need to be a SA citizen permanent employed and, getting your earnings through a bank account. Finally, you need to have good credit history as, this is the most important element they look at. Then, remember you may qualify for an amount different than the one you requested.

I want to know if I qualify to get a loan at Capitec Bank if I’m working as domestic worker getting 2500per month and that money comes into my Capitec account?

Having a regular salary is a great start. The fact that you get that money into a Capitec Bank’s account can also facilitate the process to get a loan. The third point you need to take care of is getting pays lips. If you have the recent pays lips (at least three), you can apply with Capitec. If not, you’ll get it difficult to obtain a loan.

How many pay slip do I need to apply?

Capitec will ask you to show them three pays lips. But, they must be current payslips. I mean, you have to present the last payslips you got from the last three months. The same happens with your bank statements. They must be the last three months’ statements for Capitec to have real and current information about your present financial situation. Otherwise, there’s no way to know if the applicant can afford the loan payments.

I’m earning 2900 so, can I get a loan?

To know that, it’s important to have other pieces of information. For example, on how much time you want to return it. Also, the type of loan you need it’s relevant. There’s what Capitec names Credit Facility which works as a payday loan. This loan is granted for a smaller amount, R5000 top and, it has to be paid in the following month. You must be careful, however; because these short term loans tend to have a higher rate.

How will I know if I'm qualified for a loan?

The moment you begin filling up the application form, you begin submitting the information Capitec needs to know if you qualify as a possible client. You’ll see there are few steps and, you need to provide Capitec with documents proving the data you submitted in each of those steps. At last, when the bank gathers all they need and process the loan request, they inform you about the result via email or by phone, depending on how they follow with the loan application.

Can I get a loan if I don't have payslip. Can I get a loan even if I am not payed electronically?

No, saddly, you won’t be able of getting a Capitec loan if you don’t have neither pays lips or bank statements to present Capitec. These are essential documents useful to verify how much money you are paid monthly, which is elementary information any lending entity needs to calculate how much money can you be given without having problems to repay it.

I want a loan but how do I get it?

To get your loan, you need to follow basic steps that refer to getting the documents Capitec requires. When you are sure you can submit them, you can choose one of the many ways this bank has to apply for a loan. You can do it by the phone, in person or using electronic methods: online or Capitec’s App.

How is the interest for a r3000 loan?

The rates Capitec charges are between 12.90 % and 21.70 %. The rule is the higher the amount and term chosen, the highest the rate charged. Therefore, if your quote is under R100000, you have chances of getting a lower rate. Apart from that rule, if you have rather a low credit score, banks usually charge higher rates.

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