The Capitec SASSA Loans – Online Application Methods 2024
The Capitec SASSA loans are available for individuals or couples who receive grants through their Capitec Bank accounts. If you do not have a Capitec Bank account, you will need to provide a three-month consecutive bank statement of your current bank at which you are receiving the grant.
You may still have difficulty meeting your household needs despite receiving the SASSA grant. Fortunately, there are numerous loan options available in South Africa’s financial market so that you can avail of any of them.
Remember, SASSA offers only grants, not loans, but other platforms do, such as Capitec, Shoprite, EasyPay, Ithemba, Moneyline, etc. Don’t trust any person, organization, or website if they claim the loans are from SASSA. Before applying, please research their interest rate, loan amount, repayment schedule, and legislation.
If you want to uncover loan providers other than Capitec Bank, you can check out our comprehensive articles on various loan options:
Capitec Bank SASSA Loan Amount
Recipients of SASSA can get a loan minimum of R500 from the bank, with one month of stipulated time. The upper limit of the loan is R500 000, with a duration of 84 months. Between these two amount limits and time frames, you can get any loan amount from Capitec Bank.
Here are some calculations that could help you to get an idea of your loan. It explains the loan amount and interest rate. Remember, these calculations are examples; you can do it on your own, so to calculate your specific loan amount and interest rate, use the Capitec loan calculator.
Capitec Loan Calculator
If you want to calculate your Capitec Bank loan. Enter the amount you wish to borrow and the number of months you will return it. The Capitec Credit Calculator will calculate your desired calculations independently.
Background of Capitec Bank
Capitec is a retail bank in South Africa. It was founded 23 years ago on March 1, 2001. It is a public finance company that deals in loans, savings, investments, investment banking, and credit and debit cards. The Bank has a total of 850 branches and 6.2 million account holders across the country.
The Bank has introduced loan facilities, particularly for SASSA grant recipients with low-interest rates. If you are among the 6.2 million account holders and receive SASSA grants, you can avail of the Capitec SASSA Loan facility. Let’s examine the Capitec Bank loan process, interest rates, and personal loans in depth.
How to apply for a the Capitec SASSA loans?
Capitec SASSA loan seekers always prefer a low-interest rate, which is why Capitec Bank is a suitable option. In keeping with its customers’ convenience, the bank has made the process painless. You can apply online or by visiting any branch of Capitec Bank. Here, we explain either method. Now, take a look at the qualifying criteria first.
Eligibility Criteria for the Capitec SASSA Loans
The eligibility criteria are the same for all Capitec SASSA account holders willing to get a loan. However, the loan amount available for those may vary because Capitec Banks give loans to their customers based on the amount deposited in their accounts. Hence, the amount of loan received by each user may be different. The bank gives the debtor six months to pay back the loan amount. The following are the eligibility criteria for borrowers.
Applicants must have:
Process for Capitec SASSA Loans
Now, if you are visiting the closest branch, where a representative will guide you through the loan formalities. Don’t worry; there is no need for further verification because you are already a bank client with a credit history. Moreover, these loans must be returned because Capitec Bank Holding Limited is a public company, not a government institute. On the other hand, the South African Social Security Agency is a government organization that provides its citizens with grants that are not returnable.
Further, you can call 0860 66 77 89, and a representative will inform you of all the requirements and formalities. You can dial USSD code *120*3279# if you fulfill all these requirements. Now, we will explain the process of applying via Capitec Apps.
Apply via APPs
You can download one of these apps and sign up with your authentic credentials. Go to the loan section, enter the required amount, calculate your loan interest, and click “Submit” to proceed. If you meet the criteria, you will receive an SMS confirming your loan approval; otherwise, your query will be rejected for a reason. Hence, you can download one of these Apps: Google Play Store, Apple App Store, or Huawei App Gallery.
Visiting a branch
Capitec Bank of South Africa maneuvers 850 retail branches nationwide. You can visit your nearest branch holding all your documents mentioned earlier. A bank representative will guide you through the process. If you are too old, sick, or disabled, the representative will complete all the loan formalities on your behalf. We have a list of Capitec Bank Branches for your convenience; check it out here or use Google Maps. Remember, the branch code and contact number are the same for all branches listed here, so make a call before the visit to avoid any hindrance.
| Branches | Address | Provinces |
| Middelburg Cape | No 2-5 Market Street, Middelburg Cape, Eastern Cape, 5900 | Eastern Cape |
| Queenstown Calderwood | 12 Calderwood Street, Queenstown, 5320 | Eastern Cape |
| Stutterhe | Shop M2, Hill Street, Stutterheim, 4930 | Eastern Cape |
| Alice | Shop 3, Kwantu Centre, High Street, Alice, 5700 | Eastern Cape |
| Aliwal North | 42 Somerset Street, Aliwal North, 9750 | Eastern Cape |
| Cradock | 14 Adderley Street, Cradock, 5880 | Eastern Cape |
| Cofimvaba | Shop 25, Main Street, Cofimvaba, 5380 | Eastern Cape |
| Queenstown Robinson | 81C Robinson Street, Queenstown, 5320 | Eastern Cape |
| Grahamstown High | 89 High Street, Grahamstown, 6139 | Eastern Cape |
| Queenstown Cathcart | 63 Cathcart Road, Queenstown, 5320 | Eastern Cape |
| Flagstaff | Shop 19A, Extension 1, Flagstaff Township, Flagstaff, 4810 | Eastern Cape |
| Tsolo | 109 Thurstone Street, Tsolo, 5170 | Eastern Cape |
| Port Elizabeth Business Centre | First Floor, Block E, 70 2nd Ave, Newton Park, Port Elizabeth, 6045 | Eastern Cape |
| Bizana Thompson | Shop 2A, Thompson Street, Bizana, 4800 | Eastern Cape |
| Port Elizabeth Kenako Mall | Shop 44, Kenako Retail Centre, Uitenhage Road & Spondo, New Brighton, Port Elizabeth | Eastern Cape |
| Port Elizabeth Newton Park | Shop 2, 4th Avenue Pick ‘n Pay Shopping Centre, Newtown Park, Port Elizabeth, 6001 | Eastern Cape |
| Mthatha Mall | Shop L40 & L42, Erven 874-877, Errol Springs Avenue, Mthatha Mall, Mthatha, 5100 | Eastern Cape |
| Mdantsane Kuyasa | Shop 28, Kuyasa Shopping Centre, Mdantsane, 5219 | Eastern Cape |
| Butterworth King | Shop 4, Mayekiso Shopping Complex, King Street, Butterworth 4960 | Eastern Cape |
| Butterworth Fingoland | Shop LG 24, Cnr N2 and Road Number DR8372, Butterworth Fingoland Mall, Butterworth | Eastern Cape |
| East London Amalinda | Shop 7, Amalinda Shopping Centre, Cnr Twist Street & Main Road, Amalinda, East London | Eastern Cape |
| East London Gillwell | Shop UG21, Gillwell Street, Gillwell Taxi Retail Park, Erven 14959 & 15527, East London | Eastern Cape |
| East London Oxford | Ground Floor, Trust Centre, Oxford Street, East London 5201 | Eastern Cape |
| East London Terminus 3 | Shop 3, Terminus Street, Union Arcade, East London, 5201 | Eastern Cape |
| King Williams Town Taylor | Allied Building, Cnr Maclear and Taylor Streets, King Williams Town, 5600 | Eastern Cape |
| King Williams Town Taylor | Shop 19, Walker Street, King Williams Town, 5600 | Eastern Cape |
| Elliotdale | Shop 10, 87 Main Rd, Elliotdale Shopping Centre, 5070 | Eastern Cape |
| Pietermaritzburg Church | 175 Church Street, Pietermaritzburg 3201 | KwaZuluNatal |
| fNew Germany | 53 Shepstone Road, New Germany 3620 | KwaZuluNatal |
| Nongoma Isizwe | Shop GF06, Isizwe Shopping Centre, Nongoma, 3950 | KwaZuluNatal |
| Paulpietersburg | Shop 21C, Hoog Street, Paulpietersburg 3180 | KwaZuluNatal |
| Dundee | Shop 5, Victoria Street, Dundee 3000 | KwaZuluNatal |
| Ixopo | Lot 9 Margaret Street, Stuarts Town, Ixopo 3276 | KwaZuluNatal |
| Umzinto | Main Road, Umzinto 4200 | KwaZuluNatal |
| Mbazwana | Shop 2, Lot 16, Mbazwana 3974 | KwaZuluNatal |
| Stanger Plaza | Market Plaza, 42 to 43 Cato Street, Stanger 4450 | KwaZuluNatal |
| Pietermaritzburg Longmarket | 215 Longmarket Street, Pietermaritzburg 3201 | KwaZuluNatal |
| Estcourt | Shop 1, 86 Harding Street, Estcourt 3310 | KwaZuluNatal |
| Vryheid Church | 227 Church Street, Vryheid 3100 | KwaZuluNatal |
| Ladysmith Ezakheni | Shop 25, C/o Nkonjane & Molefe Streets, Ezakheni Plaza, Ladysmith, 3370 | KwaZuluNatal |
| Stanger KwaDukuza Mall | Shop 63, Golf Course, KwaDukuza Mall, Erf 1000, 478 & ext of Erf 274, Stanger, 4450 | KwaZuluNatal |
| Pietermaritzburg Selgro Centre | Shop 45 & 46/47, 361 Church Street, Selgro Centre, Pietermaritzburg, 3201 | KwaZuluNatal |
| Richmond Plaza | Shop 14 & 15, The Richmond Plaza, Cnr Shepstone & Chilley Road, Richmond 3780 | KwaZuluNatal |
| Newcastle Corner | Shop 4, Cnr Allen & Memel Streets, Newcastle Corner, Newcastle, 2940 | KwaZuluNatal |
| Westville Mall | Shop 15, Westville Mall | KwaZuluNatal |
| Newcastle Village Walk | Shop 07, Cnr Aycliff & Harding Street, Newcastle 2940 | KwaZuluNatal |
| Amanzimtoti Galleria F14 | Shop F14, Cnr Moss Kolnik & Arbour Rd, Galleria, Amanzimtoti, 2256 | KwaZuluNatal |
| Pinetown Pine Crest Shop 226 | Shop 226, Pine Crest Centre, 17 Kings Road, Pinetown 3600 | KwaZuluNatal |
| Pinetown Simunye Centre | Shop 07, 6 Old Main Road, Simuney Centre, Pinetown, 3620 | KwaZuluNatal |
| Durban Aliwal | Shop 2, Boland Bank House, Cnr Samore Machel & Dr Pixley KaSeme Streets, Durban | KwaZuluNatal |
| Durban Berea | Shop 10 & 10A, Berea Shopping Centre, King Dinuzulu Road, Durban 4001 | KwaZuluNatal |
| Durban City View | Shop G01C, 10 Matthews Meyiwa Road, City View Centre, Greyville, Durban, 4001 | KwaZuluNatal |
| Durban Overport | Shop 335, Overport City, 430 Ridge Road, Overport 4001 | KwaZuluNatal |
| Durban Anton Lembede 333 | 333 Anton Lembede Street, Durban Bay House, Durban, 4001 | KwaZuluNatal |
| Durban Pavilion | Shop 256 & 257, The Pavilion Shopping Centre, Jack Martens Drive, Westville, Durban | KwaZuluNatal |
| Harding Ithala | Shop 2A, Ithala Centre, Musgrave Steet, Harding 4680 | KwaZuluNatal |
| Mandeni Centre | Shop 3A, Old Main Road, Renckens Superspar, Mandeni, 4490 | KwaZuluNatal |
| Port Shepstone Nelson Mandela | Shop 2, Lot 275, Cnr Nelson Mandela & Reynolds Street, Port Shepstone, 4240 | KwaZuluNatal |
| Umlazi KwaMnyandu 309 | Shop 309 & 310, Mxenge Highway, KwaMnyandu Shopping Centre, Umlazi, 4066 | KwaZuluNatal |
| Waterfall Watercrest Mall | Shop LG 11, 141 Inada Road, Watercrest Mall, Waterfall, 3652 | KwaZuluNatal |
| Chatsworth | Shop 11 & 12A, Chatsworth Centre, 17 Joyhurst Street, Chatsworth 4092 | KwaZuluNatal |
| Shelly Beach | Shop 22-26, Cnr Marine Drive and Beach Rd, Shelly Centre, Shelly Beach, 4265 | KwaZuluNatal |
| Pietermaritzburg Edendale Mall | Shop 42, Edendale Mall, Cnr Main & Mount Partridge Road, Edendale, Pietermaritzburg | KwaZuluNatal |
| Pietermaritzburg Hayfields | Shop 55, 28 Blackburrow Road, Hayfields Mall, Hayfields, Pietermaritzburg, 3201 | KwaZuluNatal |
| Pietermaritzburg Scottsville | Shop 38, Scottsville Mall, 50 – 60 Alan Paton Ave, Pietermaritzburg, 3201 | KwaZuluNatal |
| Esikhaleni Mall | Shop 5, Cnr Mthombothi & Mdlebe Ntosana Roads, Erf 2265, 2869 & 2293, Esikhaleni | KwaZuluNatal |
| Kakamas | Erf 2164, 11th Avenue, Kakamas, 8870 | KwaZuluNatal |
| Upington Scott | Ancorley Building, 45 Scott Street, Upington 8800 | KwaZuluNatal |
| Kuruman Beare | Beare Street, Kuruman, 8460 | KwaZuluNatal |
| Calvinia | 32 Church Street, Calvinia, 8190 | NorthernCape |
| Colesberg | 15 Church Street, Colesberg 9795 | NorthernCape |
| Kathu Shopping Centre | Shop 27, Kathu Shopping Centre, Kathu, 8446 | NorthernCape |
| Upington Market | Shop 1A, Market Street, Shoprite Centre, Upington 8800 | NorthernCape |
| Kimberley Diamond Pavilion | Shop 7, Diamond Pavilion, Cnr Oliver & McDougal Street, Kimberley, 8301 | NorthernCape |
| Kimberley New Park Centre | Shop 12, New Park Centre, 17 Long Street, Kimberley 8301 | NorthernCape |
| De Aar | 33 Voortrekker Str , De Aar, 7000 | NorthernCape |
| Barkley West | 26 B Campbell Street, Barkly West, 8375 | NorthernCape |
| Kimberley York | Shop 30, Cnr Phakamile Mabija Rd & York Street, King Centre, Kimberley, 8301 | NorthernCape |
| Kuruman Mall 3A | Shop 3A, Livingstone Street, Kuruman Mall, Kuruman, 8460 | NorthernCape |
| Kuruman Mall | Shop 61, Livingstone Street, Kuruman Mall, Kuruman, 8460 | NorthernCape |
| Kuruman Stewart | Portion Conway Johnson Building, Cnr Livingstone & Stewart Streets, Kuruman, 8460 | NorthernCape |
| Kathu Village Mall | Shop 8, Hendrik van Eck Road, Kathu Village Mall, Kathu, 8446 | NorthernCape |
| Upington Kalahari Mall | Shop 3, Cnr Malherbe & Van Riebeeck Roads, Kalahari Mall, Upington, 8801 | NorthernCape |
| Kimberley Du Toit | 28 Du Toit Span Avenue, Kimberley 8301 | NorthernCape |
| Postmasburg Sibilo | Shop 7A, Sibilo Shopping Centre, 7362 CAM Street, Postmasburg, 8420 | NorthernCape |
| Postmasburg Springbok | 3 Springbok Street, Postmasburg 8420 | NorthernCape |
| Hartswater | Central Building, 22 DF Malan Street, Hartswater, 8570 | NorthernCape |
| Kimberley North Cape Mall | Shop 25 & 26, 62 Memorial Rd, Royldene Erf 35600+35602, North Cape Mall, Kimberley | NorthernCape |
| Springbok | Jowell’s Building, Voortrekker Street, Springbok 8240 | NorthernCape |
| Wolmaransstad | 11 Kruger Street, Wolmaransstad, 2630 | North West |
| Zeerust | Church Street, Malarno Court, Zeerust 2865 | North West |
| Rustenburg Implats Shaft 6 | Shaft no 6, Impala North, Ratanang Residence, Mogono Section, Rustenburg | North West |
| Mahikeng Warren | Shop 6 Las Vegas House, | North West |
| Brits Mall | Shop 18, Brits Mall, Brits 0250 | North West |
| Brits Pienaar | Shop 15, Pienaar Street, Shoprite Centre, Brits CBD, Brits, 0250 | North West |
| Rustenburg Fatima Bhayat 12 | Shop 1A, Cnr Kloppers & 12 Fatima Bhayat Street, Rustenburg, 0299 | North West |
| Rustenburg Fatima Bhayat 80 | 80 Fatima Bhayat Street, Rustenburg 0299 | North West |
| Rustenburg Phokeng Mall | Shop 34, Sun City Road, Bafokeng Mall, Phokeng, Rustenburg, 0299 | North West |
| Rustenburg Platinum Square | Shop 45, Platinum Square, Rustenburg 0299 | North West |
| Delareyville | 30 General Delarey Street, Delareyville 2770 | North West |
| Potchefstroom Ikageng Centre | Shop 29, Ikageng Centre, 1A Triomf Road, Potch Industria, Potchefstroom, 2539 | North West |
| Harmony Doornkop | Certain Portion, Farm Doornkop 239 IQ, Portion of 130, Roodepoort, 1874 | North West |
| Kloofmyn | Certain Portion C of 1, Eastern portion farm Doornkloof No 350, Westonaria, 1780 | North West |
| Mafikeng Crossing | Shop 12, Crossing Shopping Centre, Cnr Nelson Mandela Drive & Sekame, Mafikeng, | North West |
| Schweizer Reneke | Erf 82, 43 Schweizer Street, Cnr Schweizer & Delport Streets, Schweizer?Reneke, 2780 | North West |
| Vryburg Market | Du Plessis Building, 65 Market Street, Vryburg 8600 | North West |
| Northam Swartklip | Swartklip Spar, 3 Bill Baisley Street, Swartklip, Northam 0370 | North West |
| Jouberton Tower Mall | Shop 13B, Cnr N12 & Jabulani Streets, Tower Mall, Jouberton, Klerksdorp, 2574 | North West |
| Klerksdorp City Mall | Shop 111, Cnr OR Tambo & Neser Street, Klerksdorp 2570 | North West |
| Klerksdorp Flamwood Walk | Shop 34, Joe Slovo Road, Extension 33, Flamwood Walk, Klerksdorp, 2570 | North West |
| Rustenburg Mall | Shop 50, Swartruggens Road, Rustenburg Mall, Rustenburg, 0300 | North West |
| Rustenburg Waterfall Mall | Shop 227 & 228, Waterfall Mall, 1 Augrabies Ave, Rustenburg 0299 | North West |
| Bapong | Shop 28, Located on the R556, Key Rona Shopping Centre, Bapong, 0274 | North West |
| Fochville President Square | Shop 10, 1 Park Street, Fochville President Hyper, Fochville, 2515 | North West |
| Ganyesa Makwati Centre | Shop 10, Makwati Centre, Vryburg & Tosca Road, Ganyesa | North West |
| Hartbeespoort Village | Shop 3, Magalies Boulevard, Village Mall, Schoemansville, Hartbeespoort, 0260 | North West |
| Lethlabile | Shop 33, Lethlabile Mall, Cnr Main Road & Osaletseng Street, Lethlabile, Brits, 0264 | North West |
| Lichtenburg Parkview Centre | Shop B1, Park View Shopping Centre, Lichtenburg 2740 | North West |
| Mafikeng Mall | Shop 16, Cnr Carney & Carrington Street, Mafikeng 2745 | North West |
| Marikana Centre | Shop 1C, Portion 88 of Farm Rooikoppies 297, Shoprite Centre, Main Road, Marikana | North West |
| Marikana Main | Rooikoppies Farm, Main Street, Marikana, 0284 | North West |
| Mmabatho Mega City 52 | Shop 52, Mega City Shopping Centre, Sekame Street, Mmabatho 2790 | North West |
| Sun City Sun Village | Shop 8 & 9, R556, Sun Village, Sun City, 0316 | North West |
| Taung Mall | Shop 31, Taung Mall, 232 Main Street, Taung 8584 | North West |
| Rustenburg Business Centre | PSG Building 193 Kock Street Rustenburg 0299 | North West |
| Klerksdorp Church | Shop 56A & 56B, Cnr Boom & Church Streets, Klerksdorp, 2570 | North West |
| Klerksdorp Matlosana Mall | Shop 84, Erven 2185, 2314 & 2315, Klerksdorp Ext 38, Matlosana Mall, Klerksdorp, 2570 | North West |
| Claremont Main | 181 Main Road, Claremont, 7700 | Western Cape |
| Riversdale | 49 Church Street, Riversdale, 6670 | Western Cape |
| Swellendam | Shop 18, Voortrekker Street, Swellen Mark, Swellendam, 6740 | Western Cape |
| Cape Town Adderley | Cnr Church & Adderley Streets, Constitution House Shopping Centre, Cape Town, 8001 | Western Cape |
| Cape Town Gardens entre | Shop 39A, Cnr Buitenkant & Mill Streets, Gardens Shopping Centre, Cape Town, 8001 | Western Cape |
| Bellville BSE | 89 Voortrekker Road, Bellville, 7530 | Western Cape |
| Brackenfell WBC | 1 Dove Street, Brackenfell, 7562 | Western Cape |
| Wellington | 28 Church Street, Wellington, 7655 | Western Cape |
| Cape Town Golden Acre | Shop S41, Golden Acre, Cnr Lower Plein & Strand Streets, Cape Town, 8001 | Western Cape |
| Cape Town Parliament | Shop 20 & 21, Cnr Plein & Darling Streets, Grand Central, Cape Town, 8001 | Western Cape |
| Cape Town Riebeeck | c/o Riebeeck & Adderley Streets, Cape Town, 8001 | Western Cape |
| Cape Town Business Centre | Ground Floor, Roggebaai Place, 4 Jetty Street, Foreshore, Cape Town, 8001 | Western Cape |
| Cape Town Darling | c/o Darling & Parliament Streets, Mutual Heights, Cape Town, 8001 | Western Cape |
| George Hibernia | 58 Hibernia Street, George, 6529 | Western Cape |
| Caledon | 2 Pioneer Street, Caledon, 7230 | Western Cape |
| Clanwilliam | 3 Main Road, Clanwilliam, 8135 | Western Cape |
| Mowbray | 52 Main Road, Mowbray, 7700 | Western Cape |
| Piketberg | 89 Long Street, Piketberg, 7320 | Western Cape |
| Woodstock | 172 Victoria Road, De Waal House, Woodstock, 7925 | Western Cape |
| Canal Walk | Shop 171, Century Boulevard, Canal Walk Shopping Centre, Century City, Cape Town | Western Cape |
| Stellenbosch Ikhaya | 5 Neutron Road, Technopark, Stellenbosch, 7600 | Western Cape |
| Peter’s Wholesalers | Peter’s Wholesalers, 10 Mathey Street, Free State | Free State |
| BP Virginia Filling Station | BP Virginia Filling Station, Toring Street 27, Free State | Free State |
| BP Maxi Motors | BP Maxi Motors, 20 Van Riebeeck St , Gauteng | Gauteng |
| Cambridge F. Kempstar 148-0002 | Cambridge Food Kempstar 148-0002, Pretoria Road Kempstar Mall, Gauteng | Gauteng |
| BP Limpopo Toyota | BP Limpopo Toyota, Cnr Landross Mare abd Excelsior Street, Limpopo | Limpopo |
| Limpopo Finance Soekmekaar | Limpopo Finance Soekmekaar, CNR N1 And Matoks Botlokwa Plaza, Limpopo | Limpopo |
| Mpumalanga Guest House | Mpumalanga Guest House, 22 Reading Road, Mpumalanga | Mpumalanga |
| Mpumalanga Caltex | Mpumalanga Caltex, 2 Elias Motswaledi Street, Mpumalanga | Mpumalanga |
Interest Rate on Capitec SASSA Loan
The interest rates for “the Capitec SASSA loans” could differ based on the account holder’s credit profile. Generally, Capitec Banks offer around 10% interest rates, which could be up to 27% depending on the credit history and the amount required to be borrowed from SASSA’s grant user.
The loan amount duration could be up to a maximum of 6 months. The client is bound to repay within the time limit. The interest must increase according to the time duration. So, be conscious about the time duration of the loan.
Benefits of Capitec Loan
Loans are given to assist the financial situation of vulnerable people. For this reason, the eligibility criteria, accessibility, interest rates, application procedures, and loan amounts should be flexible so that potential borrowers feel benefits while getting the Capitec SASSA loans. Some key advantages are as follows:
Accessibility
The Capitec 850 branches are spread nationwide, which could help the SASSA grant recipients to locate and easily access their nearest branch.
Less Interest Rates
Compared to other banks in South Africa, Capitec Bank offers an interest rate as low as 10%, particularly for SASSA’s recipients.
Repayment Duration
Debtors have a flexible repayment period of one month to 84 months for the Capitec SASSA loans.
Easy to Apply
Applying for a Capitec SASSA loan is very easy. You can call 0860 66 77 89 or visit a branch. The application process requires the least paperwork, which increases the possibility of quick loan approval.
Credit Insurance
Capitec Bank has provided a mandatory credit insurance facility to provide financial protection to borrowers and their families in unexpected situations.
Capitec Bank Personal Loan
Personal loans are available for all South African citizens; you can apply online or by visiting a bank branch for up to R500 000. Capitec personal loans are for home construction, cars, study scholarships, medical emergencies, and more. Some key points of this loan are as follows.
Completing these three easy steps will give you an estimate of your personalized loan. Click here to proceed.
How to apply for a Personal Loan
Applicants can
Required Documents
Applicants must have:
Note: If your salary is deposited in another bank, then the last three months’ bank statement, which verifies your salary deposits, is required.
Contact Details
Summary
The Capitec SASSA Loans 2024 is a low-interest loan a South African retail bank offers. The Capitec Bank has 850 branches and 6.2 million account holders. Among these account holders, every SASSA beneficiary can apply and get the loans according to their credit history. Hence, the qualifying criteria for the Capitec SASSA loans include:
The loan amount may vary based on the borrower’s credit profile and the amount. The application process is easy; how? You can dial USSD code *120*3279#, visit your closest branch, or call 0860 66 77 89.
Frequently Asked Questions
Does Capitec give loans to SASSA?
Yes, the Capitec SASSA loans are given to recipients of old age, disability, and SRD R350-R370 grants according to their credit history.
Can you borrow money from SASSA?
No, you can’t borrow money from SASSA because the South African Social Security Agency only facilitates their citizens with grants. However, other platforms give loans to SASSA beneficiaries, such as Capitec Bank, Shoprite, EasyPay, and Ithemba Bank.
Can I use TymeBank for SASSA child grant?
Yes, you can use TymeBank because it is on the South African Social Security Agency panel.
Can I borrow money from TymeBank?
Yes, you can borrow money from TymeBank; they also offer loans for SASSA beneficiaries. You can browse their official website or download the TymeBank App.
Which bank gives loans to pensioners?
Standard Bank of South Africa gives loans to pensioners. The pensioners have a minimum credit of R2000, and the applicant must be a pensioner.
What is the maximum loan amount at Capitec?
The maximum loan amount at Capitec Bank of South Africa is R500 000. It is dependent on your deposit history.
