Capitec Personal Loan

On the 1st of March 2001, South Africans were introduced to Capitec.

Founded by Riaan Stassen, Jannie Mouton, and Michiel le Roux, Capitec soon reached great heights and set a new standard in the banking industry. Capitec set up its headquarters in Stellenbosch, Cape Town and spread out over the rest of South Africa.

From humble beginnings to the Capitec we know today

Capitec set out with the objective of offering you a banking solution that’s unique and innovative. Their growth has been exponential and they now have a country-wide presence.

Capitec boasts more than 853 branches throughout South Africa staffed by over 14,000 employees. There are more than 3,400 ATMs that service Capitec’s 18 million clients.

Capitec’s 4-point value system

Every company has a set of values in place that tells you what you can expect from them. These values are at the core of everyday business conduct and serve as a promise from the company.

At Capitec, these values are strong and simple:

• Simplicity – By using innovative and up-to-date technological solutions, Capitec strives to bring you a one-stop banking experience that’s easy and convenient.
• Affordability – Operating clearly and concisely, they ensure that you always know what you’re paying for and don’t believe in hidden fees and costs.
• Accessibility – Capitec gives you power by enabling you to access your money whenever you need to.
• Personal service – Building a lasting and trusting relationship with you is the main goal at Capitec. This enables them to bring you a service that meets your personal needs.

Supporting communities for a brighter future

Capitec invests in projects that help them give back to the communities they operate in. These projects include:

• The Capitec Foundation
• Once-off donations
• Disaster relief

When it comes to service, Capitec has set the bar and strives to uphold an outstanding level of customer service.

Building and maintaining a solid, trusting relationship with you is of the essence. They aim to understand your needs and fulfil your needs in the easiest way possible.

Get a personal loan that’s simple and flexible

With a personal loan from Capitec, you could enjoy access to funding for those long over-due renovations or even a much-needed family vacation.

Capitec’s personal loan offers financing of up to R250,000 and a repayment term of 84 months.

The instalments are fixed and carry interest rates starting from 13.75%. The control is in your hands so Capitec allows you to tailor the loan to your specific needs.

Get cover for the unforeseen

Capitec offers you credit life insurance that’ll give you peace of mind. In the event of anything unforeseen happening, your loan will be paid off.

This covers you in the event of death, temporary or permanent disability, or any event that’ll prevent you from earning an income.

Calculate your affordability

Capitec has an affordability calculator on its homepage that’ll allow you to get an estimate of the loan amount you could qualify for. This tool is easy to use and is available for free.

You’re required to complete a quick questionnaire with information like your ID number, your income, and expenses. You’re then provided with an estimate for the loan amount you qualify to apply for.

What is a personal loan?

A personal loan gives you access to a large sum of money that’s repayable with interest over an agreed-upon period. This loan can be used for debt consolidation, renovating your home, or even a holiday.