Capitec Personal Loan
Global One credit with R0 monthly fee on self-service
Capitec's Global One facility combines a transactional account with credit - giving you access to a personal loan, credit card, and savings in one place.
What sets Capitec apart is their R0 monthly service fee when you manage your loan through the app - making it one of the most cost-effective options in South Africa.
Quick Facts
Loan Amount
R1k - R250k
Based on affordability
Repayment Term
1 - 84 Months
Up to 7 years
Monthly Fee
R0
On self-service
Key Features
No Monthly Service Fee (Self-Service)
Apply and manage your loan through the Capitec app to avoid the R69 monthly fee. This can save you R828 per year.
Credit Insurance Included
Your loan is protected against death, disability, and retrenchment. Premium is included in your monthly payment.
Personalized Interest Rates
Your rate is based on your credit profile. Good credit history means lower rates.
All-In-One Global One Account
Your loan, transactional account, and savings are all in one place - easy to manage from the app.
Interest Rates & Fees
| Fee Type | Amount |
|---|---|
| Interest Rate | Personalized based on credit profile (up to 27.75% p.a.) |
| Initiation Fee | Up to R1,207.50 (once-off, can be added to loan) |
| Monthly Service Fee | R0 (self-service) or R69 (branch) |
| Credit Life Insurance | Included (calculated on outstanding balance) |
* Capitec offers personalized rates. Use the app to see your specific offer before committing.
Example: What Will You Pay?
Here's an example of a R30,000 loan over 48 months:
Loan Breakdown
* Actual amount depends on your personalized rate. Apply in the app for an exact quote.
Requirements to Qualify
Basic Requirements
- South African citizen or permanent resident
- 18 years or older
- Regular income (employed, self-employed, or pension)
- Minimum income of R3,000 per month
- Capitec Global One account
Documents Needed
- Valid SA ID document
- Latest payslip or proof of income
- 3 months bank statements (if not Capitec)
* Existing Capitec clients may not need documents - just apply in the app
How to Apply
Download the Capitec App
Available on iOS and Android. Existing clients can log in with their Remote PIN.
Go to "Credit" Section
Tap on Credit > Term Loan to see your pre-approved amount and rate.
Choose Your Amount & Term
Select how much you need and over how many months. The app shows your exact monthly payment.
Accept & Receive Funds
Review the terms, accept, and money is paid into your account immediately.
Tip: Apply through the app to get R0 monthly service fee and instant approval for existing customers.
Pros and Cons
Pros
- R0 monthly fee on self-service
- Lower minimum income (R3,000)
- Terms up to 84 months (7 years)
- Instant approval in app
- Credit insurance included
- All-in-one Global One account
Cons
- Must have Capitec account
- Interest rates not published upfront
- Longer terms mean more interest paid
- Credit limit based on salary paid into account
- Branch service incurs R69/month fee
Important Information
- • Capitec is a registered credit provider (NCRCP 13).
- • Your credit limit is based on your salary and existing debt obligations.
- • Salary must be paid into your Capitec account for best offers.
- • You have 5 business days to cancel without penalty.
Frequently Asked Questions
Do I need a Capitec account?
Yes, you need a Capitec Global One account. You can open one at any branch or via the app - it only takes a few minutes.
What interest rate will I get?
Capitec offers personalized rates based on your credit profile. The only way to see your rate is to check in the app - there's no obligation until you accept.
Can I pay extra to reduce my loan faster?
Yes, you can make additional payments anytime through the app. This reduces your balance and total interest paid.
How quickly do I get the money?
For existing customers, funds are available immediately after accepting the offer in the app. New customers may need to wait for account verification.