Full Details of Capitec Bank Loan Interest Rates

Full Details of Interest Rates on Capitec Bank Loan. 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)

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