Capitec

On the 1st of March 2001, South Africans awoke to the opening of Capitec Bank. They operate as a retail bank offering a vast range of financial services and products suitable for individuals and businesses.

In August 2017, they were named the second largest retail bank in South Africa 120,000 new accounts opening per month.

An overview of Capitec Bank

Based on a report in 2015 by the Chief Financial Officer, Capitec boasted more than 6.2 million customers. Of these, 309,000 were using online banking and 3.5 million were mobile banking customers.

Capitec operates more than 500 retail branches nationwide and consists of 3,418 of their own and partnership ATMs. According to records, they employed more than 11,440 staff members across South Africa.

The Global One account

Capitec Bank offers its clients an all-in-one account known as the Global One account. This account acts as a credit and saving facility, and a transactional account.

A banking experience like no other

In 2015, according to the results of the South African Customer Satisfaction Index, Capitec took first place with 82.2 points. They were subsequently ranked by the International Banking Advisory Group, Lafferty, as the best bank in the world.

Low bank costs for everyone

In 2017, more than 5.5 million Capitec clients, which is the majority of clients, paid bank costs of less than R50 monthly.

Figures for February 2022

Capitec continued growing over the years and proudly announced the latest figures for the financial year end in February 2022. These showed significant growth with its active clients reaching 18 million.

They now proudly operate more than 853 branches nationwide with more than 14,029 employees. These numbers are a testament to the continuous strive they have to bring you innovative solutions to manage your money better.

From reading the above-mentioned information, it goes without saying that Capitec’s mission is to provide the best customer service in the industry.

They work tirelessly to ensure that customer satisfaction is guaranteed.

Partnerships that work to your advantage

Capitec Bank has affiliated itself with various service providers in the industry. These affiliations include the education, medical, and vehicle sectors to bring you better rates and terms.

Vehicle finance in seconds

Vehicle finance from Capitec can give you access to a loan of up to R250,000 and a repayment term of up to 72 months. This finance option will see you enjoy a discounted interest rate from Prime.

Capitec’s affiliation with The Car Place and WeBuyCars will allow you to browse for your new set of wheels online. You’ll enjoy the convenience of applying for financing instantly when you’ve found the vehicle you want.

The affordability calculator that shows your borrowing power

With Capitec’s affordability calculator, you can determine how much vehicle finance you qualify for. Enter the desired loan amount, repayment term of choice, and interest rate into the relevant field, and this user-friendly tool will give you an instant estimate of what you can expect.

The Capitec finance showroom

When browsing Capitec’s vehicle finance affiliation pages, you’ll see a tab at the top right corner that reads, ‘Capitec finance showroom’. This option will give you access to all the vehicles in the showroom with the option of financing from Capitec.

You can apply for the funding you need directly from the vehicle advertisement. This option is applicable on both The Car Place and WeBuyCars websites. This is another innovative service that Capitec provides to make the process easier and more convenient.