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Get a Home Loan from Capitec Bank known as SA Home Loans, High Approval Rates and Fast Processing. Now called Capitec Bank Home Loan!

Capitec Bank Home Loan

Capitec Bank has concluded a co-operation agreement with SA Home Loans to pilot the introduction of home loans throughout branches in Gauteng for a period and thereafter in the rest of the country, where ever SA Home Loans has the necessary support infrastructure.

Capitec CEO, Gerrie Fourie announced: “We recently embarked on the #AskWhy Campaign and the feedback from our customers was that they wanted the “Capitec simplicity approach” to home loans. In response to this, we entered into an agreement with SA Home Loans to deliver home loans to the market in the simple, efficient way that both our client service models are well-known for”.

“The offer will be piloted in 160 Capitec branches in Gauteng from the 7th of July and will be rolled out to the rest of the country in due course. Capitec’s in-branch consultants will assist with the application and initial approval process where after customers will be contacted by a dedicated SA Home Loans consultant within one business day to guide them through their full evaluation and registration process.” Fourie said.

Fourie added that Capitec Bank signed the cooperation agreement with SA Home Loans because the company had a good “cultural fit” with Capitec. Founded in 1999, SA Home Loans is a fairly young company that takes a fresh approach in the marketplace by offering a non-traditional, quick, easy, transparent and personalised service. “The core company values and customer focus of SA Home Loans aligns with that of Capitec Bank,” said Fourie.

“The fit between our Companies creates a powerful platform to broaden consumers’ access to home finance,” added Kevin Penwarden, SA Home Loans CEO.“Both companies are 21st century entrepreneurial success stories, both founded with a similar ethos: to offer SA consumers a greater choice of quality, differentiated financial services.As the smaller niche player, SA Home Loans brings a client-focused, single product expertise, whilst benefiting from Capitec’s extensive and rapidly growing distribution reach and client base”.

The product will be the same as that which is currently offered by SA Home Loans, and will be available to new bond applicants as well as Capitec clients with existing home loans who would like to benefit from switching their bond to SA Home Loans. “Whilst this boosts our product offering and brings us closer to becoming a one stop solution for clients, the agreement expands distribution for SA Home Loans through most of our over 630 branches,” Fourie said.

Fourie said the home loan offering was one of a number of innovative, simple and transparent solutions Capitec were currently developing to meet customer needs, as part of the bank’s journey towards offering a full banking product range for individuals.

Fourie also announced a partnership with Spark ATM Systems, South Africa’s premier independent ATM deployer, to roll out freestanding Capitec-branded ATMs in retail spaces across South Africa . Withdrawal fees will be the same as other Capitec ATMs, at R4,60 per withdrawal irrespective of the amount withdrawn.

Fourie said ATM and branch numbers were being expanded as this received the most queries on the Capitec Facebook page. “This year customers will see a big increase and we’ve already increased our ATMs by 364 and our branches by 69 in the past year. Many of our branches got a makeover, and we moved more of our ATMs to places where customers shop, such as malls, which are also safer. We have also increased the numbers of till points where customers can draw cash to 4 374, while keeping the cost of withdrawals low at R1.05. We are however still encouraging our customers to swipe for free or do paperless banking via our remote banking options like Internet Banking or Mobile Banking.”

1. Variable Home Loan

Here are the benefits of a variable home loan:

  • Interest rate is variable and is tailored to your risk profile.
  • Flexible term up to 20 years.
  • Switch to SA Home Loans and benefit from the Quick Cash option before registration: get up to R75 000 in cash within 72 hours (or up to R150 000 as soon as you’ve signed your bond documents) to use as you please.
  • Access surplus funds on the value of your property, through a variety of further lending options after your home loan is established.
  • Switch, free of charge and at any time, to our Interest Only product.
  • In-house insurance options available: bond protection and home owner’s cover.
  • Terms and conditions apply. All product options are subject to our credit policy as amended from time to time.

2. Interest Only Home Loan

Here are the benefits of an Interest Only home loan:

  • Flexible instalments – pay only the interest every month, or a little more – you decide.
  • Gives you the flexibility to adjust the home loan instalment to meet your cash flow needs.
  • Reduce the interest paid on your loan with:
  • Monthly instalments that includes capital, OR
  • once-off capital payments when you have funds available
  • Choose to revert to a standard instalment, which includes capital repayment, when you wish to do so (switching to our standard home loan is free of charge).
  • Full settlement is required at the end of the loan term.
  • If you hold a Variable Home loan – you can switch to this Interest Only option free of charge.
  • Access surplus funds on the value of your property, through a variety of further lending options after your home loan is established.
  • Switch, free of charge and at any time, to the variable interest structure.
  • Paperless and effortless in-house insurance options available: bond protection and home owner’s cover.
  • Terms and conditions apply. All product options are subject to our credit policy as amended from time to time.

3. Edge Home Loan

Here are the benefits of an Edge home loan:

  • Ideal for clients who want to buy ‘up’ now – knowing their income will grow to match their repayments.
  • Pay the interest only for the first 36 months – the lowest instalment possible.
  • At the end of 36 months, the loan reverts to a standard variable loan over 240 months, with all the same benefits and features.
  • No capital payments at the end of the term – your home is fully paid off.
  • You still have the flexibility of paying off capital in the first 3 years if you choose (for example, by fixed monthly debit order), reducing the capital balance and thereby saving you interest.
  • Unique in the market – no other home loan product offers these features and low initial instalments.
  • In-house insurance options available: bond protection and home owner’s cover.
  • Terms and conditions apply. All product options are subject to our credit policy as amended from time to time.

To Apply for Capitec Bank Home Loan

Call 0860 2 4 6 8 10 and talk to a consultant who’ll explain the options for you.

FAQs about the Capitec cooperation agreement with SA Home Loans:

1. How do I apply for a home loan through Capitec Bank?

Talk to your Capitec branch consultant about applying for a home loan through SA Home Loans. The Capitec consultant will do a quick credit check and if you qualify, will refer you to an SA Home Loans consultant, who will contact you within one business day. A dedicated and friendly SA Home Loans consultant will assist you with your home loan application process all the way to the end, to ensure that you have a simple, easy and stress free experience acquiring your own home. The entire SA Home Loans application process has been streamlined for efficiency, allowing customers to have their bond application processed and approved within five working days.

2. How does the SA Home Loans offer fit into the current Capitec offer?

The SA Home Loans product forms part of the Capitec Bank credit offer and a credit ticket will be issued to the customer once entering a branch.

3. Which documents will the customer require?

All formal documentation will be requested by the SA Home Loans team, who will contact the customer within one business day from applying in the Capitec branch. The customer will need to indicate that they have signed an offer to purchase before the application can be processed. An offer to purchase is a written contract setting out the terms under which a buyer agrees to buy a home and is a document that is generated by the estate agent dealing with the sale.

4. Does the SA Home Loans applicant have to be a Capitec client?

No, the service will be available to any customer.

5. How will customer support work for home loan applicants?

Customers can visit a Capitec branch or contact the Capitec Client Care Centre to track the progress of their application. Existing SA Home Loan clients who wish to query their loan will need to talk to the SA Home Loans team directly.

Capitec Bank Loan offers you up to R230,000 CASH to be repaid in 1 – 84 months.Available immediately into your bank account after approval. Apply Now!

Capitec Bank Loan is ideal for managing your money, whether it’s everyday transacting, saving for the future or getting the credit you need. Note the following after the approval of your loan:

  • Money available immediately in your transaction/savings account after approval
  • Amount based on your credit profile and affordability
  • Fixed monthly repayments
  • Consolidate all your existing loans for easier monthly repayments

Free retrenchment and death cover.

For loans 6 months and longer, your outstanding balance will be paid in full
If you’re retrenched when the loan is less than 3 months old, 50% of your loan will be covered
We pay for this cover and the money will be paid to us to settle your outstanding debt

They also offer a monthly loan for your daily needs or emergencies, reviewed every 12 months at a branch.

  • Get up to R4 000 in minutes, any time or place
  • Transfer money to your transaction/savings account using Mobile Banking, Internet Banking or our ATMs
  • Interest and fees only charged on money transferred
  • Repayable in full each month

Requirements of Capitec Bank Loan:

  • Identification document
  • Original proof of residential address (any of the approved documents in your name with your street address)
  • Latest salary slip
  • 3-month bank statement

Individuals who are self-employed and who determine their own salary and payment date do not fall in line with our credit-granting policy.

Visit any of Capitec branches Monday to Friday (8am – 5pm) and on Saturdays (8am – 1pm). Selected branches in malls are also open on Sundays (9am – 1pm). All branches are closed on public holidays.

NB: Some of our branches are open at 8:30am on mid-month Wednesdays due to training, and that our branches in malls follow mall trading hours.

Please email us on  if you have any questions about applying for credit at Capitec Bank.

Capitec Bank Loan easy to get.

Up to R230 000 over 1 – 84 months at Capitec Bank Global One Loan provides credit plan based on your credit profile and affordability.

Capitec Bank Global One Loan

  • Up to R230 000 cash over 1 – 84 months
  • Apply in branch – approved in minutes, cash available immediately
  • Apply online – we’ll get in touch and once approved, cash will be available immediately
  • Amount based on your credit profile and affordability
  • Fixed monthly repayments
  • Consolidate all your existing loans for easier monthly repayments

Requirements for Capitec Bank Global One Loan

  • You’re 18 years or older?
  • You have a recent bank statement, and a salary slip or pension letter?
  • You employed or earn a pension not self employed
  • You’ve been at your current employer for 2 months or longer?
  • You earn a salary or pension paid into your bank account? (Not just commission)
  • You haven’t been handed over, sequestered or placed under debt review or administration?

Improve your credit score

  • These factors could help you get a loan at more favorable terms:
  • Having enough money available after all your deductions and expenses to easily afford your monthly repayments
  • Having a history of keeping your repayments up to date
  • Limiting your use of short-term, unsecured

Open a Capitec Global One bank account to access the R230 000 Loan

Switch Banks in 3 easy steps

1. Get Global One at Capitec Bank
2. Give your bank statement to a service consultant and sign the Debit Order Switch Authorisation form. We’ll take the hassle out of switching and keep you updated on the progress
3. Give your employer/HR the correct details of your new Capitec Bank account so your salary is paid into the right account

Rates and fees

For the latest figures:

  • visit us online
  • call our Client Care Centre
  • visit your nearest branch

Get Global One

Visit a Capitec Bank branch with these documents

  • Identification document
  • Original proof of residential address
  • (e.g. municipal rates and taxes account in your
  • name with your street address, not older than
  • 3 months)
  • Latest salary slip (credit applications only)
  • 3-month bank statement (credit applications only)

Account security
A chip and PIN keep your card transactions secure
Fingerprint biometrics and photo identification keep your accounts secure during branch transactions
We will never ask you for your sensitive personal or account info by telephone, fax, SMS, email or
any other type of electronic communication. Do not reply if you get such requests


Capitec Bank Global One
Phone: 0860 10 20 43

Capitec Bank Global One Loan, easy access to R230,000!