Eligibility Requirements:
- Be 18 years or older
- Original South African ID document
- Recent proof of income (last 3 payslips or bank statements)
- Updated proof of residence (last 3 months)
Loan application steps:
- Click the button below
- Visit the Capitec Bank website or open the mobile app
- Navigate to the ‘Credit’ section and select ‘Personal Loans’
- Provide the necessary personal information for initial assessment
- Submit required documents such as ID, proof of residence, and proof of income
- Review and submit your application
- Wait for approval, which can be almost immediate if you are already a customer.
Frequently asked questions:
How long does it take to get approved for a Capitec Bank loan?
Approval can be almost instantaneous for existing customers. For new customers, the process may take a few days.
Is it required to explain why credit is being used?
It is not mandatory to detail the specific use of the credit in the application.
Do I need to have a good credit score to be approved for a Capitec Bank loan?
Yes, a good credit history improves your chances of approval and loan conditions.
Can I apply for a loan if I am self-employed?
Yes, self-employed individuals can apply, provided they submit adequate proof of income.