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  • Reliable Debt Management
  • Lower Interest Rates
  • One Affordable Repayment

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Capitec homepage
Author Capitec. Screenshot of Capitec website.
[Accessed May 11, 2023]

About Capitec

Capitec bank was founded on the 1st of March 2001 by Riaan Stassen, Michiel le Roux, and Jannie Mouton. This would soon become one of the largest retail banks in South Africa winning numerous awards.

An overview of Capitec’s operations

In 2017, Capitec became South Africa’s second-largest retail bank boasting 120,000 new accounts opened monthly. They maintain more than 853 retail branches across South Africa and own/partnership more than 3,418 ATMs nationwide.

As reported by the Chief Financial Officer in 2015, Capitec served 6.2 million customers of which more than 3 million customers were using the mobile banking app and 309,000 were online banking customers. This number has since increased to over 18 million active customers. Capitec currently employs more than 14,029 staff members across the country.

Capitec’s achievements

Capitec has an all-in-one account called Global One. This account triples as a credit facility, transaction, and savings account.

In 2015, Capitec ranked first on the SACS Index with just over 82 points. The world-renowned banking consultancy, Lafferty rated Capitec as the world’s best bank in the first ranking for bank quality.

The majority of Capitec’s clients, which amounts to over 5 million, paid bank costs as low as R50 monthly as of February 2017.

The Capitec business model

Operating in the retail banking sector, Capitec serves businesses and individuals. Their business banking services are however not available to close corporations, trusts, partnerships, or companies. Rather, they focus on a simplified banking experience.

Capitec has a business model that’s focused on a low-cost service provision. They offer you high-interest rates on deposits and allow you the freedom to pay as you transact, you enjoy all the value that Capitec offers.

Capitec Services

The proof is in the proverbial pudding when it comes to service delivery and customer satisfaction at Capitec. They strive to uphold an unparalleled level of outstanding service to each customer.

Capitec’s products and services

Their current list of financial products and services extends to the following categories and its subdivisions:

  • Loans
  • Investment banking
  • Savings
  • Investments
  • Debit cards
  • Credit cards
  • Commercial banking

Consolidate your debt with Capitec

Are you feeling the pressure of debt that’s only a few steps away from becoming overbearing? You could qualify for a personal loan from Capitec. This could enable you to consolidate all of your current debt and have you repay only one monthly instalment on your loan.

What can Capitec offer you?

Qualifying for this credit facility could offer you a loan of up to R250,000 and a repayment period of up to 84 months, or 7 years. This loan offers you fixed monthly instalments and interest rates starting from 11.75%. With Capitec’s vision of offering you simplified banking, you can manage your credit with the Capitec App.

Get an estimate of your borrowing power online

When deciding on a personal or consolidation loan, calculating your total borrowing power is beneficial. You can work on a budget and manage your money better when you have a clear idea of what you’re getting into.

Capitec has an online credit estimation calculator you can utilise. You’re required to complete the online questionnaire that consists of three sections. The first requires your personal information, the second section asks you to verify your identity after which you’re presented with an estimation in the final section.

Capitec – Consolidation Loan

  • Loan Type Debt Consolidation Loans

Benefits of Capitec

  • Affordable debt consolidation services
  • Competitive interest rates
  • One affordable monthly repayment

Documents needed for a Capitec personal/consolidation loan

Applying for a personal/consolidation loan requires you to have some documents on hand. The amount you’ll ultimately qualify for depends on your credit profile and affordability. Capitec has a neatly compiled list of these on its website.

  • Your South African ID document/Smart card
  • The latest payslip
  • The last three months’ bank statements reflecting your salary

Where to apply for your loan

With Capitec, everything revolves around simplicity. They make the process hassle-free and easy to complete. They offer you four ways of applying for this credit facility:

  • You can call the customer line
  • Visit your nearest branch
  • Download the Capitec App
  • Complete the online application

A typical personal/consolidation loan application process

  1. Choose your preferred method of applying. Navigate to the applicable section and apply.
  2. Complete the application form in full. This typically requires information like:
    • Your personal details
    • Details regarding your employment
    • A breakdown of income and expenses
    • Banking details

When you’ve completed all fields required, you’re asked to submit the application along with all the relevant supporting documents.

  1. A credit check and affordability assessment are done and you’re notified of the outcome.
  2. If your credit is approved, the contract is sent to you for signature.
  3. The funds are deposited into your bank account.

Capitec, boasting simplicity, has innovative and advanced technology that enables them to give you credit approval in minutes whereafter funds are available immediately after the credit contract is signed.

Reasons why Capitec is a good financing solution

  • Affordable
  • Simple
  • Fixed rates
  • Low costs
  • Quick approval
  • Immediate payouts

Let Capitec help you to secure your financial future today

When debt starts to mount, people often begin to panic. With a simple and affordable personal/consolidation loan from Capitec, you could take care of your debt. They offer the support and advice needed to make a responsible decision.

Let them help you to secure your financial future and keep your credit score healthy with a personal/consolidation loan today.

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Capitec is a trusted & reliable provider of debt consolidation loans

In our review, Capitec adheres to the compliance criteria in accordance with the National Credit Act, where the granting the loan will not cause financial distress to the consumer.

✅ Capitec is a registered credit provider in South Africa: NCRCP13

Capitec Contact

Physical Address

  • Sunnypark Shopping Centre, Shop L3 Cnr Esselen Road &, Trevenna St, Sunnyside Pretoria Gauteng 0002 South Africa
  • Get Directions

Opening Hours

  • Monday 08:00 – 18:00
  • Tuesday 08:00 – 18:00
  • Wednesday 08:00 – 18:00
  • Thursday 08:00 – 18:00
  • Friday 08:00 – 18:00
  • Saturday 08:00 – 15:00
  • Sunday – Closed