Personal loans are the perfect solution when we need quick access to cash, whether we want to go on a holiday, buy a new vehicle, or plan the perfect wedding. 

Capitec offers up to R250,000 for personal loans, which is more than any of the other South African banking institutions. They have recently increased their loans from R150,000 up to R230,000 in order to accommodate customer needs. 

Let’s find out more about Capitec Bank Personal Loan and how we can apply!

FEATURES of Capitec Personal Loan

Capitec offers unsecured loans, which means that you do not need collaterals (other assets) to secure it. Furthermore, the interest rate is personalized, which means that they choose interest rates to make payments on time. They start at only 12.9%. 

The loan amount can be up to R250,000, but this is quite flexible. You can choose any amount that fits your necessities, but make sure you take the capped amount into account. 

Capitec further enhances customer satisfaction by offering both mobile and internet banking services. This means that the entire process is smooth and easy to process. 

The application is also hassle-free, as all you need to do is apply, and it might take only a few minutes until you are approved. 

FEES and Interest Rates

Capitec offers up to R250,000 for a maximum repayment period of 84 months. The interest rate is fixed at 12.9% per year, but this might depend on personal circumstances. 

Capitec personal loans might also incur fees or charges. For instance, there might be a monthly service fee for your loan, or even a one-off initiation fee when the loan is ready. It is advisable to read the terms and conditions before applying for Capitec’s personal loans. 

TYPES Of Personal Loans From Capitec

Capitec offers two main types of loans that can fulfill different needs. You can apply for the below.

  • A personal loan between R1,000 and R250,000 for up to 84 months; the repayments are fixed
  • Car loans are also unsecured, which means that you do not need to cover the loan with your car; furthermore, they also have a cover for older cars


The main benefit of Capitec Bank personal loan is the high amount of R250,000 unsecured loan that allows you to renovate your home, pay for education, or even get a new vehicle for your family. 

Another great perk is that you will get a personalized loan, suitable to your needs and profile, low fees, and the best interest rates. However, remember that the longer the repayment term, the higher your interest fee will be, so make sure you calculate your budget accordingly.

How To APPLY For A Personal Loan With Capitec

You can apply for a personal loan with Capitec through different channels. You can apply in the following ways.

When you apply, make sure you have all the required documents ready. You need a South African ID number and all of your personal information. Then, you have to provide income verification using either payslips or three months of bank statements. Lastly, you need to declare your liabilities, assets, and regular expenses, summing up your financial circumstances in order to be approved. 

ELIGIBILITY Requirements

In order to qualify for Capitec Bank personal loan, you must be at least 18 years of age. Furthermore, this loan is only for residents, so you need to be either a citizen or a resident of South Africa

The income requirement is also important, as Capitec bank will evaluate your financial situation before approving your application. Lastly, Capitec Bank will generally approve your application if you can prove that you have a good history of managing your credit. 


With Capitec Bank, you can choose the personal loan amount that suits you, and you do not need to secure it with another asset. With up to R250,000 to be repaid over 84 months, Capitec Bank is a great option if you need access to funds. Make sure you have a good credit history in order to access this great personal loan.

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