Capitec Home Loans

Capitec officially launched on the 1st of March 2001. They began their journey with a promise to change the way banking is done by focusing on simplicity. Today, Capitec is one of the biggest brand names in the banking industry.

More than two decades later, they boast 852 branches nationwide and counting. They’ve employed more than 14,000 people across the country who are ready and able to assist their 14.7 million active clients.

The all-in-one banking experience

Through innovative technology, Capitec has made it possible for you to access all of your banking needs in-house or remotely via their internet banking application. They aim to always stay one step ahead to offer you top-class service.

For transparency as unique as their Global One initiative

Capitec’s Global One initiative will offer you affordable banking. Being clear and transparent about costs and fees is of the highest priority at Capitec. They’re committed to helping you understand what you’re paying for.   

Access your money when and where you need it

They believe that you should be able to access your money at any time you need it. They’ve made this possible by allowing you to access cash by:

• Remote banking
• ATM transactions
• Withdrawals from till points at supermarkets
• Visiting a branch near you

A bank that cares for its communities

Capitec is actively involved in the communities in which they operate. They understand the needs of their people and play an active role in a better future for everyone.

Capitec’s community initiatives include:

• The Capitec Foundation – A foundation that’s set to improve and build on the potential of the youth through financial literacy and numeracy skill development.
• Once-off donations – Capitec believes in giving back to the community. They provide once-off donations to facilities that care for and rehabilitate vulnerable groups within the communities.
• Disaster relief – When disaster strikes and an area is declared a state of disaster, this relief fund is utilised to aid those in need.

Capitec strives to bring their customers a level of service that is a cut above the rest.

Ensuring that their customers are happy and satisfied is of the utmost importance. This is no different when it comes to the home loans they offer.

Move in with a home loan from Capitec

This might be your first home loan or you might want to move your existing home loan to Capitec. Whatever the case may be, Capitec can make it happen.

Capitec has partnered with SA Home Loans to bring the experience of buying a home to you in a uniquely simplified manner.

Calculate affordability before you apply

Getting a clear picture of what you can afford before you start house-hunting can be very beneficial when you purchase a home. Capitec has made a nifty and easy-to-use affordability calculator available to help you calculate your borrowing power.

Fill in the following information:

• Monthly income before deductions
• Deposit amount
• Desired loan term

Based on the information entered you’ll be presented with an estimate of how much you qualify for, how much you can expect to repay, and the interest rate. You should keep in mind that these estimates do not include home and credit insurance.

Crunch the numbers with a Capitec home loan

If you’re permanently employed and meet the financial criteria, you can enjoy access to up to R5 million. If you’re self-employed and meet Capitec’s affordability requirements, you can enjoy up to R3.9 million.

The interest rates that you’ll pay on your home loan will be subject to the amount you can put down on a deposit as well as your credit rating. The higher your deposit amount, the lower your interest rate.

This also applies to your credit score. If your credit score is high, you’ll receive a lower interest rate. If your credit score is low, you’ll pay a higher interest rate.