Capitec Personal Loan Review: Up to R500 000, Fast Application & Flexible Terms

Capitec Personal Loan offers up to R500 000 with instant approval, flexible repayment terms and personalised rates from 12.75%. Compare the pros and cons in our unbiased review.

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Capitec Personal Loan

Get up to R500 000 over 84 months with fast approval, affordable rates starting at 12.75% p.a., and funds available immediately if approved.




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If you’re in need of a flexible personal loan in South Africa, the Capitec Personal Loan is a popular choice to consider. This loan offers amounts of up to R500 000, giving eligible applicants the freedom to cover anything from big purchases to consolidating existing debt. With a maximum repayment period of 84 months and interest rates that start from just 12.75% per annum—tailored based on your risk and affordability—you can choose the combination of amount, instalment, or interest rate that suits you best. Approval often occurs within minutes, and once approved, funds become available immediately so you don’t have to wait.

How to Apply: Step-by-Step

  1. Decide the loan amount and terms you want upfront.
  2. Gather required documents: original ID, latest salary slip, bank statement if your salary isn’t already paid into a Capitec account.
  3. Apply online, on the Capitec app, by phone or at a branch for convenience.
  4. Wait for the quick approval process—often just minutes.
  5. Once approved, read your personalised offer and, if agreeable, get funds straight away.

Key Advantages

Capitec’s approval is often immediate, meaning you could access your funds within the same day you apply.

The flexible loan amounts and terms allow many South Africans to adjust repayments to suit their monthly budgets with fixed instalments for easy budgeting.

Potential Disadvantages

Your individual offer will be subject to a thorough review of your creditworthiness and affordability, which might limit the amount you qualify for or increase your rate.

A minimum monthly income of R3 000 is required, which could restrict eligibility for some applicants.

Our Verdict

Capitec’s personal loan stands out for its speed, flexibility, and competitive starting rates. It is especially attractive for those who want loan approval and payout without unnecessary delays. However, as with any credit agreement, it’s important to ensure that the repayment terms and amounts align with your financial situation to avoid long-term debt stress. Overall, Capitec remains a highly recommended option among South African personal loans.

Recommended for you

Capitec Personal Loan

Get up to R500 000 over 84 months with fast approval, affordable rates starting at 12.75% p.a., and funds available immediately if approved.




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