Capitec Bank
Capitec Bank offers personal loans from R1,000 - R250,000 with 19.5% APR. NCR-registered lender with flexible repayment terms.
About Capitec Bank
Capitec Bank is an NCR-registered credit provider offering personal loans to South African consumers. With loan amounts ranging from R 1 000 to R 250 000 and flexible repayment terms, Capitec Bank provides accessible credit solutions.
📊 Key Facts about Capitec Bank
| Type of entity | Credit Provider |
| Minimum amount | R 1 000 |
| Maximum amount | R 250 000 |
| Available terms | 1 - 60 months |
| Typical APR | 19.5% |
| Approval time | Same day |
| Payout | 1-3 business days |
| Regulated by | NCR (Registration NCRCP13) |
| Credizen Rating | 4.7/5.0 ⭐ |
Loan Specialist | 25 years of experience
Capitec Bank stands out as one of the most trusted options in the South African personal lending market. With amounts available up to R 250 000, Capitec Bank is especially recommended for significant financial needs. I recommend Capitec Bank especially for those who value speed and transparency in the credit process.
When to use Capitec Bank?
- ✓ Significant medical expenses or treatments
- ✓ Emergencies you can resolve quickly
- ✓ Home repairs or vehicle maintenance
- ✓ Debt consolidation (with proper planning)
- ✓ Unexpected expenses that cannot wait
- ✓ When you need money within 24-48 hours
"As an expert with 25 years in the financial sector, I evaluate each lender based on transparency, real costs, and user experience. This recommendation is continuously updated based on market changes."
🔒 Security and regulation
Regulated by NCR
Capitec Bank is registered with the National Credit Regulator (NCR) under registration NCRCP13.
Data protection
Complies with the Protection of Personal Information Act (POPIA). Your information is encrypted and not shared without authorization.
Cost transparency
All costs must be included in the APR (Annual Percentage Rate). Demand to see the total cost before signing any agreement.
Consumer rights
Protected by the National Credit Act (NCA) and Consumer Protection Act. You have the right to early settlement without penalties in most cases.
Loan Details
Loan Amounts
Repayment Terms
Interest Rate
Representative example. Actual rate depends on your credit profile.
Key Features
Loan Cost Example
Representative Example: This shows estimated costs for a typical loan. Your actual costs may vary based on your credit profile.
Loan Details
| Loan Amount | R 10 000 |
| Loan Term | 12 months |
| APR | 19.5% |
| Monthly Payment | R 996 |
Cost Breakdown
| Principal Amount | R 10 000 |
| Total Interest | R 1 950 |
| Initiation Fee (est.) | R 1 140 |
| Total Amount to Repay | R 13 090 |
Ready to Apply at Capitec Bank?
Get loans from R 1 000 to R 250 000 with 19.5% APR. Fast approval - often same day!
Apply Now at Capitec BankEligibility Requirements
- ✓ Age 18-65 years
- ✓ South African citizen or permanent resident
- ✓ Minimum monthly income R2,500
- ✓ Valid bank account and ID
- ✓ Clear credit record
- ✓ South African bank account
- ✓ Valid ID document
Advantages & Disadvantages
✓ Pros
- • Lowest APR in market from 11.75%
- • Largest branch network with 850+ branches
- • Up to R250,000 loan amount
- • Flexible repayment terms up to 60 months
- • Excellent mobile app with 4.5★ rating
- • High amounts available up to R 250 000
- • Long terms that facilitate monthly payments
- • Competitive interest rates for the market
- • NCR registered (NCRCP13)
- • High trust rating (4.7/5.0)
✗ Cons
- • Strict credit requirements
- • Longer approval process (24-48 hours)
- • Must be existing Capitec client for best rates
Frequently Asked Questions
How much can I borrow from Capitec Bank?
You can borrow between R 1 000 and R 250 000, depending on your credit profile and affordability assessment.
What is the interest rate at Capitec Bank?
Capitec Bank offers loans with an APR example of 19.5%. The actual rate you receive will depend on your individual credit assessment and affordability.
How long are the repayment terms?
Repayment terms range from 1 to 60 months, giving you flexibility to choose a term that suits your budget.
Is Capitec Bank registered with the NCR?
Yes, Capitec Bank is a registered credit provider with the National Credit Regulator (NCR) (Registration: NCRCP13), ensuring compliance with the National Credit Act.
Can I apply for Capitec Bank loans from any city in South Africa?
Yes, Capitec Bank accepts applications from residents across South Africa, including major cities like Johannesburg, Cape Town, Durban, Pretoria, and many others. The application process is fully online, making it accessible regardless of your location.
How do I know if I can afford a loan from Capitec Bank?
Capitec Bank conducts an affordability assessment as required by the National Credit Act. Your monthly repayment should not exceed 30-35% of your net monthly income. Use the loan cost calculator on this page to estimate your monthly payment.
What are the alternatives to Capitec Bank?
If Capitec Bank doesn't meet your needs, consider other NCR-registered lenders offering similar loan amounts and terms. Compare multiple options to find the best rates and terms for your situation.
How long does it take to get approved by Capitec Bank?
Capitec Bank typically provides fast approval decisions, often within hours of application. Once approved, disbursement times depend on your bank and the verification process.
Can I settle my Capitec Bank loan early?
Under the National Credit Act, you have the right to settle your loan early. Contact Capitec Bank directly to get an early settlement quote. Early settlement may reduce the total interest paid, but check if any early settlement fees apply.
What fees does Capitec Bank charge?
Capitec Bank charges fees in accordance with NCR regulations. Common fees include an initiation fee (capped at 15% of the loan amount, maximum R1,140) and monthly service fees (maximum R60). Always review your loan agreement for the complete fee structure before signing.
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Capitec Bank accepts loan applications from residents across South Africa. Apply online from these major cities and more:
Apply Now
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View All LendersDisclaimer: Credizen is a comparison platform and not a lender. We receive compensation from Capitec Bank when you apply through our site. Loan approval and terms are subject to Capitec Bank's credit assessment and affordability checks.
Responsible Lending: Before applying, ensure you can afford the monthly repayments. Defaulting on credit agreements can negatively affect your credit score. This information is provided for comparison purposes only. Always read the terms and conditions from Capitec Bank before accepting a loan offer.
Emergency Financial Help
If you're experiencing financial difficulties, contact your local financial counseling service.
- South Africa: National Credit Regulator - 0860 627 627
- Romania: ANPC - 0213142200
- Colombia: Superintendencia Financiera - (571) 594 2222
- Poland: KNF - 22 262 5000