Loan application capitec

Be 18 years or older with a stable income

  • You must be permanently employed or earn a pension
  • Minimum salary for credit card application: R5 000 (R10 000 for self-employed clients)
2. Apply
3. Supply these documents
  • Original SA ID
  • Latest salary slip
  • Bank statement with your latest 3 consecutive salary deposits

How long does capitec take to approve a loan?

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 do I know if I qualify for a loan?

Here are five common requirements that financial institutions look at when evaluating loan applications.

  1. Credit Score and History. An applicant’s credit score is one of the most important factors a lender considers when evaluating a loan application. …
  2. Income. …
  3. Debt-to-income Ratio. …
  4. Collateral. …
  5. Origination Fee.

To apply for a business loan, your business must be registered as one of the following:

  • Association not for gain
  • Close Corporation (CC)
  • Incorporated (Inc)
  • Public (Ltd) or Private company (Pty Ltd)
  • Trust
  • Read more about our credit solution for businesses here

Can I get a loan at Capitec without a payslip?

Unfortunately, you will not be able to apply for a personal loan with Capitec Bank if you do not have a payslip. One of the requirements to request a personal loan is to show proof of income, as the bank needs a guarantee that the applicant has enough money to pay the monthly fees.

Which loan is easiest to qualify for?

The easiest loans to get approved for would probably be payday loans, car title loans, pawnshop loans, and personal installment loans. These are all short-term cash solutions for bad credit borrowers in need. Many of these options are designed to help borrowers who need fast cash in times of need.

Can I get a loan if unemployed?

It’s possible to qualify for a loan when you’re unemployed, but you’ll need solid credit and some other source of income. Whether you are unemployed unexpectedly or by choice (in the case of retirement), lenders will consider extending you a loan as long as you can persuade them you can make regular payments on time


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