Contents show

The Requirement to Apply Online for a Capitec Loan

How long does it take for Capitec loan to be approved?

With Capitec Bank you can borrow up to R5 million and have a repayment period of up to 240 months. After you apply for the loan and send out all the documents required, if accepted, your loan will be approved within 5 business days.

How much must I earn to qualify for Capitec loan?

You are permanently employed, self-employed, earn other income or earn a pension
The minimum income requirement for a credit card application is R5 000, and R10 000 for self-employed clients

What Age qualifies for Capitec loan?

In order to qualify for a Capitec Loan, you are required to be 18 years or older.

Which Documents are needed to Apply for a Capitec Loan?

You have your original SA ID document
Your latest salary slip
A bank statement showing your latest 3 consecutive salary deposits (only if the salary is not paid into your Capitec account)