How to apply for a Capitec Bank Personal Loan

Why wait to change your life? Learn how to apply for Capitec Bank and enjoy one of the leading and easiest personal loans in South Africa!

You just found one of the cheapest and fastest ways to borrow money in South Africa with a Capitec Personal Loan.

Now you can borrow up to R250,000, use this huge amount for the reasons that best suit you, and still have seven years to repay it.

Loan Application

Capitec Bank Personal Loan

Up to R350,000 Exclusive benefits

Tap on the green button and apply for Capitec Bank Personal Loan

Apply now!

* You will be directed to an external website

Capitec Bank's Logo
Capitec Bank’s Logo

Who can apply?

To apply for a personal loan with Capitec, you must meet certain criteria specified by the bank. Those include

  • Having 18 years of age
  • Be a South African citizen or permanent resident.
  • A steady job with proof of income

In addition to these requirements, Capitec Bank also considers your debt-to-income ratio when determining your eligibility for a personal loan.

This ratio measures an individual’s monthly debt payments as a percentage of their monthly income, and Capitec Bank typically looks for a ratio of 36% or lower.

How to apply?

To become a member of Capitec Bank and apply for a personal loan, individuals can visit one of their branches or apply online through their website.

Still, before applying, you should have some documentation on hand, including:

  • Your original ID document
  • Your latest salary slip
  • A bank statement showing your latest three consecutive salary deposits

Now to apply online, follow these simple steps:

  1. Visit the Capitec Bank website and click on the “Personal Loans” tab.
  2. Review the terms and conditions and click “Apply Now.”
  3. Enter your personal information, including your ID number and contact details.
  4. Provide information about your employment and income, including your monthly salary and expenses.
  5. Choose the loan amount and repayment term that work best for you.
  6. Review your application and submit it for review.
African Bank's Logo
African Bank’s Logo

Need more money? Check out African Bank’s R350,000 personal loan.

Another versatile personal loan option, African Bank’s personal loan can be used for various purposes, depending on its borrower’s needs.

The loan funds can be utilized to consolidate debt, finance home improvements, pay for educational expenses, and more.

This is why African Bank Personal Loans range from R500 to R350,000, with a repayment period ranging from 3 to 84 months.

And despite its substantial amount, African Bank’s personal loan interest rates start at 12.9%.

Additionally, the loan is unsecured, meaning that you are not required to provide any assets, such as a house or car, as collateral.

Why go with African Bank?

African Bank offers several benefits in addition to the high amount and low interest rate of the loan.

For starters, African Bank does not charge early settlement fees, which means you can pay off your loan early without incurring additional costs.

Customers with a personal loan also have access to exclusive banking benefits, such as free credit reports and credit scores on the African Bank website.

But that is not all, since African Bank is innovating with a loyalty program best known as MyWORLD that allows you to link your personal loan account with other accounts, such as savings or transactional accounts.

How can I apply?

You can apply for an African Bank personal loan from the comfort of your home via the internet, by phone, or in person at any one of the bank’s branches.

To check out all the requirements and a full guide for your application, tap the green button below.

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