Capitec Bank Loan Interest Rates

Capitec Bank Loan Interest Rates

If you’re planning on applying for credit, here are the numbers you’ll need to know. The rates and fees below are effective as of 3 June 2018.

Rates and fees

You want
Loan amount (R)	5 000	25 000	50 000	100 000	250 000
Term (months)	Credit facility	12	24	48	84
You pay
Interest rate (%)	20.50	12.90 – 27.50	12.90 – 27.50	14.20 – 27.40	16.30 – 21.70
Credit life insurance R/1000 per month	n/a	2.49 – 4.50	2.49 – 4.50	2.49 – 4.50	2.49 – 4.50
Once-off initiation fee (R)	0 – 649.75	1 207.50	1 207.50	1 207.50	1 207.50
Monthly service fee (R)	35 – 69	69	69	69	69
Your repayment
Monthly repayment (R)	5 154– 5 815	2 445– 2 661	2 574– 3 009	2 999– 3 880	5 540– 6 769
Total repayment (R)	5 154– 5 815	29 345– 31 937	61 765– 72 220	143 962– 186 227	465 374– 568 562

Please note that these are examples only. You can choose any term for your loan (up to 84 months) to make your monthly repayments more affordable. Your actual credit amount and credit interest rate will be based on your individual credit profile and affordability.

Credit facility rates and fees

• Initiation fee: R172.5 for the first R1000 transfer up to R649.75 for following transfers
• Monthly fee: R35 (without active balance owing) R69 (with active balance owing)