Rating based on 11 reviews


  • Get rid of debt
  • Lower rates
  • Affordable repayments

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Capitec homepage
Author Capitec. Screenshot of Capitec website.
[Accessed January 24, 2023]

About Capitec

Capitec offers a range of low-cost financial services ranging from simple savings accounts to larger personal loans.

As one of South Africa’s fastest-growing banks, they’re expanding their product range to meet the fast-evolving needs of their clients.

If you need to affect some cost-savings when it comes to banking and lending, this lender is particularly a great choice.

Their rates on everything from banking accounts to personal loans are highly competitive and can ensure more savings than you’d get even from the top 3 banks in the country.

Capitec’s commitment to financial education

Capitec cares about its customers and wants you to make the right choices no matter where you are in your financial journey. From transactions to savings and borrowing, they believe that it’s important to be in the know.

Whether through social media, via their website, or in person at their various branches, they deliver high-impact educational resources.

These resources are carefully put together to appeal to South Africans from all walks of life and help you make the most informed financial decisions.

A transparent banking partner

Being transparent means many things to many different people.

To Capitec, it means ensuring you know exactly what you’re getting and how much it’s going to cost you from the word go.

This level of transparency ensures you’re put in the position to pick which products suit you best and which simply won’t do.

Approaching debt with a plan

While Capitec strives to get customers to focus on saving rather than creating debt, those who are in mounds of debt still have options.

One such option is Capitec’s affordable debt consolidation loans which can go a long way in relieving a difficult financial problem.

Capitec Services

Capitec offers a comprehensive range of banking and lending services from personalised borrowing to their Global One technology, which they deliver.

Looking for a solution to mounting debt?

Capitec offers a personal loan that ranges from R500 to R250,000 which doubles as a debt consolidation loan. Given its flexibility, low-interest rates, and lack of initiation fees, this product has been used by thousands to consolidate debt and free up some income for everyday living.

Are you ready for a change?

When it comes to debt, things can quickly spiral out of control and cause difficulties in making it through to month-end as well as in managing payments. If this has happened to you, considering a debt consolidation loan may be the right choice.

Debt consolidation allows you to take a range of smaller, typically unsecured debts and roll them neatly into one personal loan. This loan comes with fixed monthly installments so you always know exactly what you need to pay and when you’ll pay the loan off completely.

This aids in budgeting and laying out both your short-term and long-term financial goals. Whether you’re approved will be based on your credit profile as well as the assessment of your affordability which looks at your income and expenses.

Up to 84 months to repay

Capitec offers you up to 84 months to repay your loan which means you can reduce your monthly installment to an amount that’s comfortable.

Their interest rates are among the lowest on the market starting at just 12,9% - an interest rate that will ensure you save through consolidating.

When debt consolidation may be a bad choice

If your debts are small or you’ll be able to pay them off in just a few months, debt consolidation may very well make your situation more difficult.

This is because while debt consolidation will reduce your monthly repayments, you’ll be paying interest for a far longer time period. This means your debt will cost you much more in the end.

Capitec – Consolidation loan

  • Loan Type Consolidation loans

Benefits of Capitec

  • Reliable debt consolidation services
  • Competitive interest rates
  • One affordable monthly repayment
  • Get up to 4 additional saving plans

Consolidate your debt in a few easy steps

Capitec strive to make things as quick, simple, and transparent as possible and their loan application process is no exception.

You can apply in one of 4 ways, in person at a branch, via the banking app, online via their website, or by calling their call center. That said, the simplest way is by applying online or via the banking app as this eliminates the need to wait in a queue or sign paperwork.

Do you qualify?

In order to ensure approval, you must have a good credit history, be able to afford the payments a new loan will require, and meet the basic lending criteria.

You need to be at least 18 years old, be a South African citizen or permanent resident, have a stable income, and meet Capitec’s affordability requirements.

Prepare your supporting documents

There’s nothing worse than making an application and having to start from scratch because you didn’t upload the required supporting documents. To avoid this have your ID, latest payslips, and a stamped bank statement ready to go before you complete the online loan application.

Prefer to apply online – great!

Once you’re ready to apply for your debt consolidation loan, you can log into Capitec via your banking app or online banking and make your online application. This will be in the form of an eligibility check after which they’ll make you a credit offer.

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Capitec is a trusted & reliable provider of 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

Customer Reviews & Testimonials

December 2020

Capitec consultants and staff are very professional and caring. They answered all our questions from the get-go and did not mind doing so. We cannot thank you enough for helping us through this d...

Diana H
— Bloemfontein —

November 2020

My wife and I struggled to find the help we needed. Our consultant at Capitec was very knowledgeable and never made us feel like we are asking for too much. They are very understanding and I woul...

Carla M
— George —

December 2020

This year felt like it was going to be a difficult one for me and my family. We did not know how we are going to be able to pay for school fees, now that my daughter is in high school, and also p...

Clint R
— Pretoria —

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