Capitec Loans Table – Simplifying Loan Solutions

Capitec Loans Table – Simplifying Loan Solutions

As one of the fastest growing banks in South Africa, Capitec strives to empower clients to take control of their money.

Established in 2001, the bank now has over 7.3 million active clients, with 720 branches nationwide with 11 440 employees.

As an innovative bank, Capitec has led the charge towards Sunday and paperless banking. The bank also strives to make the lives of its clients easier by offering simplified banking solutions.

One of the ways in which the bank aims to do this is through the Capitec Loan Table.

The Capitec Loan Table is ideal for getting an idea of how much you will need to repay on a specific loan amount.

How the Capitec Loans Table works:

  • Select how much credit you need
  • Choose the number of months you need to pay it back (1, 12, 24, 48 or 84 months)
  • An interest rate will be calculated. The calculator defaults to the minimum interest rate you could qualify for.
  • Capitec works out you repayments per month.

You also have an option to see the breakdown of the loan:

Loan amount

Loan term

Interest rate

Monthly service fee

Initiation fee

Total repayment

Monthly credit life premium

Total credit life premium

What you need to apply for Capitec Loans:

  • Valid South African ID
  • Original proof of residence
  • Latest salary slip
  • 3 months’ bank statement reflecting salary payments
  • Be employed full-time

Capitec loans are offered up to R250 000, with 1 to 84 months to repay. Monthly repayments are fixed, which means that you are assured of consistent monthly repayments. You can expect approval within minutes and if you are approved, the funds are available immediately.

In addition, loans beyond 6 months have a Personal Protection Plan, which covers your debt in cases of retrenchment, dread disease, permanent disability or death.

If your loan is less than 3 months old you will have 50% of the outstanding balance covered.

To access the Capitec Loans Table, visit

Categories: Loans