Capitec vs African Bank

Updated: March 2026

Quick Comparison

Capitec

Bank

Rating: 4.7/5
APR: 11.75–27.5%
Amount: R1,000–R250,000
Term: 1–84 months
Approval: 24h

Capitec →

African Bank

Bank

Rating: 4.5/5
APR: 16.0–35.0%
Amount: R2,000–R350,000
Term: 1–72 months
Approval: 24h

African Bank →

Detailed Comparison

	Capitec	African Bank
Rating	4.7/5	4.5/5
APR Range	11.75–27.5%	16.0–35.0%
Loan Amount	R1,000–R250,000	R2,000–R350,000
Repayment Term	1–84 months	1–72 months
Approval Speed	24h	24h
Type	Retail Bank	Retail Bank
First-Time Borrower	Yes	Yes
Proof of Income	Required	Required
NCR Registered	Yes	Yes

Which Should You Choose?

Choose Capitec if:

✓ You want a lower APR (from 11.75%)
✓ You need a small loan (from R1,000)
✓ You prefer a longer repayment term (up to 84 months)

Capitec →

Choose African Bank if:

✓ You need a larger loan (up to R350,000)
✓ You want a bank focused on personal lending
✓ You don't have an existing bank account

African Bank →

Frequently Asked Questions

Which is better, Capitec or African Bank?

Capitec has a higher rating (4.7 vs 4.5), lower minimum APR (11.75% vs 16.0%), and lower minimum loan amount (R1,000 vs R2,000). African Bank offers higher maximum amounts (R350,000 vs R250,000). Both are NCR-registered.

What APR do Capitec and African Bank charge?

Capitec: 11.75–27.5% APR. African Bank: 16.0–35.0% APR. Capitec generally offers lower interest rates, especially for clients with good credit scores.

Are Capitec and African Bank safe to borrow from?

Yes, both are registered banks regulated by the South African Reserve Bank (SARB) and registered as credit providers with the National Credit Regulator (NCR). They comply with the National Credit Act (NCA).

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This comparison is for informational purposes only. Actual terms depend on your application and creditworthiness. All lenders are registered with the NCR under the National Credit Act (NCA).