Capitec Bank - How to Apply for a Loan Online

Capitec Bank is a popular institution in South Africa, having more than 850 branches all over the country. They offer numerous financial services and products which satisfy a wide range of needs. 


Some of their most popular ones are mortgage loans, trade finance, commercial property, and credit cards. They also have a very competitive offer for unsecured personal loans, which start at only 12.9% per annum. 

If you want to find out how to apply for a loan online, read the following lines. Let’s start!

Capitec Bank - How to Apply for a Loan Online


Capitec personal loans come with highly competitive features that make them suitable for any need. First of all, their personal loan is unsecured, which means that you do not need to offer an asset as collateral. 

Capitec Bank allows you to borrow up to R250,000, which needs to be paid over a term from 1 month up to 84 months. The monthly repayments are fixed. Other features include the following.

  • The loan is personalized
  • Credit is approved within minutes
  • Interest rates start from only 12.9% per year 
  • Easy to manage the loan via an app


Perhaps the significant benefit of applying for a Capitec Bank personal loan is that you will get the best offer available, completely tailored to your needs and profile. This also ensures that it will come at the best interest rate. 

The loan is also highly predictable since you will have to make your payments in fixed amounts during the whole term. Based on your credit history and income, you can qualify for only 12.9% APR

The loan amount is also fully flexible, allowing you to borrow any sum up to R250,000. Thus, no matter what your plan is, whether you want to plan the wedding of your dreams or want to go on holiday, a Capitec bank loan is one of the best choices. 

Another advantage is that it is extremely easy to apply online. It takes only a few minutes to be approved for your loan, and, even better, the money is available immediately

Overall, Capitec Bank’s loans are incredibly flexible. They offer both short-term and long-term loans, and you can easily manage your credit using a phone app. 

How to Apply 

There are different ways in which you can apply for a Capitec Bank loan. If you prefer to apply online, you can go to the Capitec Bank website and fill in the form. 

They will also require you to submit different documents that prove your declared income, such as three months of bank statements, payslips, and your valid South African ID. 

Other information you need to have ready when you apply includes your financial situation regarding assets, liabilities, and your expenses. 

Who is Eligible

If you want to apply for the Capitec Bank personal loan, you need to be the age of majority. Only South African citizens or residents can apply for this. 

Furthermore, since your application will be evaluated in the light of your financial situation, income is also important, although there is no clear requirement regarding this. Lastly, a good credit history is essential for applying to any credit. 

Here is a simple loan calculator to work out how much money you can apply for.

Fees and Interest

The rates depend on the amount of money and the term you plan to apply for. Here are some examples below.

  • For a loan of R25,000 for 12 months, the interest rate is between 12.9% and 24.5%
  • A loan of R50,000 for 24 months, the interest rate is between 19.9% and 24.5% 
  • For a loan of R100,000 for 48 months, the interest rate is between 14.2% and 24.5%
  • A loan of R250,000 for 84 months, the interest rate is between 16.3% and 22.4%

Furthermore, there is a monthly service fee of R69 and a once-off initiation fee of R1207.5. If you are unsure how to calculate your payments on a loan, you can find out here

Bank Contact Info

Here are the contact details for Capitec Bank.

Address: Quantum Street, Techno Park, Stellenbosch, 7600

Phone Number: 0860 66 77 89

Capitec Bank - How to Apply for a Loan Online


All in all, Capitec bank is a great option if you are looking for a customizable unsecured bank loan. Their rates are competitive, and the online application process takes only a few minutes until the money is available, once approved. 

Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.