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Representative example of Personal Loan

For example, if you take a R50 000 Personal Loan over 4 years at an annual interest rate of 22%, the total cost will be R84 811. This total includes an initiation fee of R1 207.50, a monthly service fee of R69, and an insurance premium of R3 for every R1 000 of the outstanding balance each month.

Our interest rates are personalised, starting from a minimum of 12.50% per annum. Your Personal Loan will be granted subject to credit and affordability criteria.

You want
Loan amount (R)25 00050 000100 000250 000500 000
Repayment period (months) 1224487284
You pay
Interest rate (%)12.50 - 28.00 12.50 - 28.00 12.50 - 28.00 13.40 - 26.50 15.00 - 23.50
Credit life insurance R/1000 per month2.58 - 4.502.58 - 4.502.58 - 4.502.58 - 4.502.58 - 4.50
Once-off initiation fee (R)1 207.501 207.501 207.501 207.501 207.50
Monthly service fee (R)6969696969
Maximum Annual Percentage Rate (%)30.36 - 48.2720.90 - 38.64 17.62 - 35.3317.20 - 32.56 18.42 - 29.21
Your repayment
Monthly repayment (R)2 366 - 2 587 2 485 - 2 929 2 821 - 3 793 5 446 - 7 720 10 411 - 13 663
Total repayment (R)29 225 - 31 875 61 292 - 71 963 138 710 - 185 361 397 108 - 560 812 880 343 - 1 153 509
Repayment period (months)
12
24
48
72
84
You pay
Interest rate (%)
12.50 - 28.00
12.50 - 28.00
12.50 - 28.00
13.40 - 26.50
15.00 - 23.50
Credit life insurance R/1000 per month
2.58 - 4.50
2.58 - 4.50
2.58 - 4.50
2.58 - 4.50
2.58 - 4.50
Once-off initiation fee (R)
1 207.50
1 207.50
1 207.50
1 207.50
1 207.50
Monthly service fee (R)
69
69
69
69
69
Maximum Annual Percentage Rate (%)
30.36 - 48.27
20.90 - 38.64
17.62 - 35.33
17.20 - 32.56
18.42 - 29.21
Your repayment
Monthly repayment (R)
2 366 - 2 587
2 485 - 2 929
2 821 - 3 793
5 446 - 7 720
10 411 - 13 663
Total repayment (R)
29 225 - 31 875
61 292 - 71 963
138 710 - 185 361
397 108 - 560 812
880 343 - 1 153 509

Please note that these are examples only. You can choose a repayment period between 12 months (minimum) and 84 months (maximum) to make your monthly repayments more affordable. Your actual credit amount and credit interest rate will be based on your individual credit profile and affordability checks.

Maximum APR: 48.27%.

Why choose a Personal Loan?

  • Get up to R500 000 over 84 months
  • Choose what works for you – the amount you want, the lowest monthly instalment or the lowest interest rate
  • Credit is approved in minutes and the money is available immediately
  • Pay fixed monthly repayments
  • Consolidate all your existing loans for easier monthly repayments
  • Add affordable credit insurance, including retrenchment and death cover
  • Manage your credit using our app

How to apply

Documents needed
  • Original ID document (must be 18 years or older)
  • Latest salary slip
  • A bank statement showing your latest 3 consecutive salary deposits (only if the salary is not paid into your Capitec account)
Your offer is based on your affordability and credit profile
  • Your banking and credit history
  • Your income and expenses to see how much you can afford
  • You choose the credit amount that you want
  • You choose the monthly instalment that suits your cash flow or the option that gives you the best interest rate

Credit insurance

Credit insurance is required for all our Personal Loans to cover death, permanent or temporary disability, unemployment, the inability to earn an income or retrenchment.

What makes our credit insurance great

Unlike other insurance policies your premiums become lower over time. That’s because the monthly premium is calculated based on how much you owe on your loan. So the more you pay off on your loan, the lower your insurance payment becomes.

Read more about our credit insurance and easy claims process.