Credit for multiple income earners

Did you know you could get credit if you don’t earn a fixed salary? If you're self-employed or have multiple sources of income every month, you could get up to R500 000 credit for your personal use.

CreditForBusiness_2023 - Desktop

For credit to grow your business, please see our business services.

What is credit for multiple income earners?

  • It is credit provided to customers receiving a fixed monthly salary and/or income from multiple sources (Note: examples of multiple sources of income listed below)
  • Products available include Revolving Credit (access facility), Credit Card and Personal Loan
  • You can choose your own monthly repayment date

 

Who can apply?

  • If you are 18 years of age or older, AND
  • If you earn an income of more than R5 000 per month for at least 6 months

 

How to apply

To see how much you could qualify for:

 

What do you need to apply?

  • Please supply your South African ID document
  • Bank statements – refer to “Documents required” section (only if your income is not paid into your Capitec savings account).
    NOTE: the date stamp on your bank statement must not be older than 7 days at application date
  • Additionally, you will require documents specific to the type of income earned per month as listed below.

 

Documents required

If your income is not paid into your Capitec account, we need the latest 6-month bank statements showing all income types you receive and the amounts.

Here are the additional documents you need to supply based on your income type:

Income TypeDefinitionDocuments Required
Salary earnersYou earn an income from permanent or contract employment.
  • Latest three salary slips
Business owners (registered business)
You earn an income from profits generated by your own registered business.
  • 6 month bank statements from business account
  • Accountant letter
  • Proof of purchases/trade (invoices, receipts, statements)

Business owners (informal business or Sole Proprietor)

You earn an income from profits generated by your own informal business (not a legal entity).
  • Proof of purchases/trade (invoices, receipts, statements)
Rental incomeYou rent out a property or a room and receive rental income.
  • Current lease agreement/s
Spousal maintenanceYou get monthly income from your spouse after a divorce or separation.
  • Court document showing the amount to be paid (divorce decree or maintenance order)
Allowance incomeYou get a regular income from a benefactor.
  • Please note that as part of the application your benefactor will be asked to confirm source of payment
Interest earnersYou have investment or savings portfolios and receive regular payouts into your main transactional account.
  • Investment or savingsstatement
Commission only earnerYou only get paid based on the work you performed
  • Commission salary slips
Freelance earnerYou only get paid based on the work you performed (e.g. Uber or food delivery drivers or Airbnb).
  • Further documentation to be confirmed, but could include employment contract or employment letter or invoices or evidence of work performed
Salary from an international companySouth African citizens who are receiving a salary from an employer based outside of South Africa.
  • Latest three salary slips
  • Employment contract
  • 6 months bank statements from your international bank account (only if salary is first paid into an international account and then transferred to a South African account)