Rating based on 11 reviews


  • Quick loans up to R250,000
  • Low-interest starting from 12.75%
  • Repayment up to 84 months

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Capitec homepage
Author Capitec. Screenshot of Capitec website.
[Accessed March 27, 2023]

About Capitec

Capitec Bank is a South African retail bank that was founded in 2001.

It started as a microfinance provider with just two branches in the Western Cape but has since grown to become the country's third-largest bank by customer numbers.

Capitec prides itself on offering affordable and accessible banking services to all South Africans, with a focus on simplicity, transparency and innovation.

The significance of Capitec’s listing on the JSE

One of Capitec's most notable achievements was its listing on the Johannesburg Stock Exchange (JSE) in 2002, just one year after its founding. This made it the first microfinance institution in the world to be listed on a stock exchange.

Capitec has continued to go from strength to strength, winning numerous awards and expanding its product offerings to include savings accounts, personal loans, insurance and digital banking services.

15 million clients later and still committed to you

Today, Capitec has over 15 million clients and more than 1,000 branches across South Africa. Despite its rapid growth, the bank remains committed to its founding principles of providing affordable banking services that empower South Africans to take control of their finances.

What makes Capitec different?

One of Capitec's most notable features is its transparent and affordable pricing model, which includes low transaction fees, competitive interest rates on savings accounts, and fixed repayments on personal loans.

Building trust through values-driven banking

  • Simplicity - keeping things simple and easy to understand for its clients.
  • Accessibility -  making banking services accessible to all South Africans, regardless of their income or background.
  • Affordability - providing affordable banking services that are accessible to everyone.
  • Innovation - continuously innovating and improving its products and services to better serve its clients.
  • Transparency - being transparent with its clients about its pricing and fees.
  • Accountability - taking responsibility for its actions and being accountable to its clients, shareholders, and employees.
  • Empowerment - empowering its clients to take control of their finances and achieve their financial goals.

Capitec Services

Capitec’s product offerings include transactional and savings accounts, personal loans, home loans, and insurance.

In addition to traditional banking products, it also provides a variety of digital banking services such as mobile banking, online banking, and a banking app that allows you to access your accounts from anywhere, at any time.

Capitec’s Multi Loan option for short-term needs

Capitec's quick loan options include the Multi Loan, which is a credit facility that allows clients to borrow up to R8 000 over a period of 1 to 6 months.

The loan is available if you meet the bank's credit requirements, and the application process is quick and easy, with same-day approval and payout.

In addition to the Multi Loan, they also offer a regular personal loan of up to R250k that you can use for a variety of purposes, such as consolidating debt or making a large purchase.

You can borrow up to R250 000 over 1 to 84 months, with fixed monthly repayments and competitive interest rates.

Low-interest rates adjusted for your credit profile

When you need to borrow money quickly, Capitec Bank offers you competitive interest rates on their quick loans, making them an affordable option. Its interest rates are personalised based on your creditworthiness, using its unique credit-scoring model that considers your credit history, income, and expenses.

You'll receive a fixed interest rate for the duration of your quick loan term, ensuring you have a clear understanding of the total cost of borrowing upfront. Capitec's quick loans have transparent fees, which are included in your monthly repayment amount.

Capitec's quick loans provide you with a cost-effective solution that you can access easily and quickly. Before taking out a quick loan, it's important to consider the total cost of borrowing, including interest and fees, and ensure that you can comfortably afford the monthly repayments.

Capitec's quick loans: borrow with confidence

  • Easy to access with same-day approval and payout
  • Flexible repayment terms with fixed monthly repayments
  • Affordable interest rates and transparent fees
  • No collateral required
  • Wide range of loan amounts
  • Quick access to funds

Capitec – Quick loan

  • Loan Type Quick loans
  • Interest Rate from 12.75%
  • Loan Amount up to R250,000
  • Repayment 1 month to 84 months

Benefits of Capitec

  • Easy application process
  • Fixed monthly repayments
  • Low interest rates

Quick loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This quick loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

What documents do you need for a Capitec loan?

  1. A valid South African ID or passport
  2. Proof of residence, such as a utility bill or bank statement (not older than 3 months)
  3. Proof of income, such as your latest payslip or bank statement
  4. Your employment details, including your employer's name and contact information

To be eligible for a quick loan from Capitec Bank, you must meet the following criteria:

  • Meet the minimum age requirement of 18 years old.
  • Hold South African citizenship or a valid work permit.
  • Have a regular monthly income of at least R3,000.
  • Possess a valid South African ID or passport.
  • Hold an active Capitec Bank account.
  • Have a good credit record and be able to afford loan repayments.

Here’s what the application process looks like for new customers

Visit Capitec Bank's website or mobile app and click on the "Apply" button for a loan.

  1. Visit Capitec Bank's website or download the mobile app and click on the "Apply" button.
  2. Complete the application form by providing your personal and income information, as well as the loan amount and the repayment term you prefer.
  3. Submit your application, and Capitec Bank will review it to determine if you’re eligible and have met all the requirements.
  4. If approved, they’ll provide you with a loan offer that includes the interest rate, repayment terms, and any fees you’ll incur.
  5. If you accept the loan offer, you’ll be required to provide supporting documentation to verify your identity, income, and expenses.
  6. Once your documentation is verified, your loan will be processed, and the funds will be deposited directly into your account.

Already have a Capitec account? Here’s what you’ll need to do to get a quick loan:

  1. Log in to your Capitec Bank mobile app or internet banking profile.
  2. Click on the "Credit" tab and select "Personal Loans".
  3. Choose the loan amount you need and the repayment term you prefer.
  4. Review the interest rate and fees associated with the loan.
  5. Agree to the terms and conditions and accept the loan offer.
  6. Provide supporting documentation (if required) to verify your identity, income, and expenses.
  7. Once your documents are verified the funds will be deposited directly into your Capitec account.
man holding thumbs up

Capitec is a trusted & reliable provider of quick 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: NCRCP 13

Customer Reviews & Testimonials

August 2022

Capitec Bank's quick loans are simply amazing! I applied for a loan online and received approval within a few hours. The process was smooth, and the staff was very helpful.

Nokwanda K
— Durban —

November 2022

I recently needed a quick loan and decided to go with Capitec. The application process was very easy, and I received the money I needed in my account within a few hours. I am very satisfied with ...

Sibusiso M
— Johannesburg —

September 2022

I have been a loyal customer of Capitec Bank for many years and have always been impressed with their service. Recently, I applied for a quick loan, and as expected, the process was quick and eas...

Lebohang N
— Cape Town —

Capitec Contact

Contact Number


  • not available


Physical Address

  • Ottery Centre, New Ottery Rd, Ottery Cape Town Western Cape 7800 South Africa
  • Get Directions

Opening Hours

  • Monday 09:00 – 17:00
  • Tuesday 09:00 – 17:00
  • Wednesday 09:00 – 17:00
  • Thursday 09:00 – 17:00
  • Friday 09:00 – 17:00
  • Saturday 09:00 – 13:00
  • Sunday – Closed