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:

  1. Shoprite Money Market Counter SA
  2. EasyPay Everywhere Account.

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.

The Capitec SASSA Loans – Online Application Methods 2024
Capitec Loan Calculations

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: 

  • Original South Africa 13-digit smart ID
  • Be a recipient of one of the:
  • SASSA Old Age Grant
  • Disability Grants of SASSA 
  • A bank account in Capitec Bank with a credit history.
  • Three-month consecutive bank statements. (If your account is not in Capitec Bank)

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.

  • Download Capitec App via Google Play Store.
  • Download via Apple App Store.
  • And download 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.

  • Contact# 021 941 1377
  • Branch Code# 470010
Branches AddressProvinces
Middelburg CapeNo 2-5 Market Street, Middelburg Cape, Eastern Cape, 5900Eastern Cape
Queenstown Calderwood12 Calderwood Street, Queenstown, 5320Eastern Cape
StutterheShop M2, Hill Street, Stutterheim, 4930Eastern Cape
AliceShop 3, Kwantu Centre, High Street, Alice, 5700Eastern Cape
Aliwal North42 Somerset Street, Aliwal North, 9750Eastern Cape
Cradock14 Adderley Street, Cradock, 5880Eastern Cape
CofimvabaShop 25, Main Street, Cofimvaba, 5380Eastern Cape
Queenstown Robinson81C Robinson Street, Queenstown, 5320Eastern Cape
Grahamstown High89 High Street, Grahamstown, 6139Eastern Cape
Queenstown Cathcart63 Cathcart Road, Queenstown, 5320Eastern Cape
FlagstaffShop 19A, Extension 1, Flagstaff Township, Flagstaff, 4810Eastern Cape
Tsolo109 Thurstone Street, Tsolo, 5170Eastern Cape
Port Elizabeth Business CentreFirst Floor, Block E, 70 2nd Ave, Newton Park, Port Elizabeth, 6045Eastern Cape
Bizana ThompsonShop 2A, Thompson Street, Bizana, 4800Eastern Cape
Port Elizabeth Kenako MallShop 44, Kenako Retail Centre, Uitenhage Road & Spondo, New Brighton, Port ElizabethEastern Cape
Port Elizabeth Newton ParkShop 2, 4th Avenue Pick ‘n Pay Shopping Centre, Newtown Park, Port Elizabeth, 6001Eastern Cape
Mthatha MallShop L40 & L42, Erven 874-877, Errol Springs Avenue, Mthatha Mall, Mthatha, 5100Eastern Cape
Mdantsane KuyasaShop 28, Kuyasa Shopping Centre, Mdantsane, 5219Eastern Cape
Butterworth KingShop 4, Mayekiso Shopping Complex, King Street, Butterworth 4960Eastern Cape
Butterworth FingolandShop LG 24, Cnr N2 and Road Number DR8372, Butterworth Fingoland Mall, ButterworthEastern Cape
East London AmalindaShop 7, Amalinda Shopping Centre, Cnr Twist Street & Main Road, Amalinda, East LondonEastern Cape
East London GillwellShop UG21, Gillwell Street, Gillwell Taxi Retail Park, Erven 14959 & 15527, East LondonEastern Cape
East London OxfordGround Floor, Trust Centre, Oxford Street, East London 5201Eastern Cape
East London Terminus 3Shop 3, Terminus Street, Union Arcade, East London, 5201Eastern Cape
King Williams Town TaylorAllied Building, Cnr Maclear and Taylor Streets, King Williams Town, 5600Eastern Cape
King Williams Town TaylorShop 19, Walker Street, King Williams Town, 5600Eastern Cape
ElliotdaleShop 10, 87 Main Rd, Elliotdale Shopping Centre, 5070Eastern Cape
Pietermaritzburg Church175 Church Street, Pietermaritzburg 3201KwaZuluNatal
fNew Germany53 Shepstone Road, New Germany 3620KwaZuluNatal
Nongoma IsizweShop GF06, Isizwe Shopping Centre, Nongoma, 3950KwaZuluNatal
PaulpietersburgShop 21C, Hoog Street, Paulpietersburg 3180KwaZuluNatal
DundeeShop 5, Victoria Street, Dundee 3000KwaZuluNatal
IxopoLot 9 Margaret Street, Stuarts Town, Ixopo 3276KwaZuluNatal
UmzintoMain Road, Umzinto 4200KwaZuluNatal
MbazwanaShop 2, Lot 16, Mbazwana 3974KwaZuluNatal
Stanger PlazaMarket Plaza, 42 to 43 Cato Street, Stanger 4450KwaZuluNatal
Pietermaritzburg Longmarket215 Longmarket Street, Pietermaritzburg 3201KwaZuluNatal
EstcourtShop 1, 86 Harding Street, Estcourt 3310KwaZuluNatal
Vryheid Church227 Church Street, Vryheid 3100KwaZuluNatal
Ladysmith EzakheniShop 25, C/o Nkonjane & Molefe Streets, Ezakheni Plaza, Ladysmith, 3370KwaZuluNatal
Stanger KwaDukuza MallShop 63, Golf Course, KwaDukuza Mall, Erf 1000, 478 & ext of Erf 274, Stanger, 4450KwaZuluNatal
Pietermaritzburg Selgro CentreShop 45 & 46/47, 361 Church Street, Selgro Centre, Pietermaritzburg, 3201KwaZuluNatal
Richmond PlazaShop 14 & 15, The Richmond Plaza, Cnr Shepstone & Chilley Road, Richmond 3780KwaZuluNatal
Newcastle CornerShop 4, Cnr Allen & Memel Streets, Newcastle Corner, Newcastle, 2940KwaZuluNatal
Westville MallShop 15, Westville MallKwaZuluNatal
Newcastle Village WalkShop 07, Cnr Aycliff & Harding Street, Newcastle 2940KwaZuluNatal
Amanzimtoti Galleria F14Shop F14, Cnr Moss Kolnik & Arbour Rd, Galleria, Amanzimtoti, 2256KwaZuluNatal
Pinetown Pine Crest Shop 226Shop 226, Pine Crest Centre, 17 Kings Road, Pinetown 3600KwaZuluNatal
Pinetown Simunye CentreShop 07, 6 Old Main Road, Simuney Centre, Pinetown, 3620KwaZuluNatal
Durban AliwalShop 2, Boland Bank House, Cnr Samore Machel & Dr Pixley KaSeme Streets, DurbanKwaZuluNatal
Durban BereaShop 10 & 10A, Berea Shopping Centre, King Dinuzulu Road, Durban 4001KwaZuluNatal
Durban City ViewShop G01C, 10 Matthews Meyiwa Road, City View Centre, Greyville, Durban, 4001KwaZuluNatal
Durban OverportShop 335, Overport City, 430 Ridge Road, Overport 4001KwaZuluNatal
Durban Anton Lembede 333333 Anton Lembede Street, Durban Bay House, Durban, 4001KwaZuluNatal
Durban PavilionShop 256 & 257, The Pavilion Shopping Centre, Jack Martens Drive, Westville, DurbanKwaZuluNatal
Harding IthalaShop 2A, Ithala Centre, Musgrave Steet, Harding 4680KwaZuluNatal
Mandeni CentreShop 3A, Old Main Road, Renckens Superspar, Mandeni, 4490KwaZuluNatal
Port Shepstone Nelson MandelaShop 2, Lot 275, Cnr Nelson Mandela & Reynolds Street, Port Shepstone, 4240KwaZuluNatal
Umlazi KwaMnyandu 309Shop 309 & 310, Mxenge Highway, KwaMnyandu Shopping Centre, Umlazi, 4066KwaZuluNatal
Waterfall Watercrest MallShop LG 11, 141 Inada Road, Watercrest Mall, Waterfall, 3652KwaZuluNatal
ChatsworthShop 11 & 12A, Chatsworth Centre, 17 Joyhurst Street, Chatsworth 4092KwaZuluNatal
Shelly BeachShop 22-26, Cnr Marine Drive and Beach Rd, Shelly Centre, Shelly Beach, 4265KwaZuluNatal
Pietermaritzburg Edendale MallShop 42, Edendale Mall, Cnr Main & Mount Partridge Road, Edendale, PietermaritzburgKwaZuluNatal
Pietermaritzburg HayfieldsShop 55, 28 Blackburrow Road, Hayfields Mall, Hayfields, Pietermaritzburg, 3201KwaZuluNatal
Pietermaritzburg ScottsvilleShop 38, Scottsville Mall, 50 – 60 Alan Paton Ave, Pietermaritzburg, 3201KwaZuluNatal
Esikhaleni MallShop 5, Cnr Mthombothi & Mdlebe Ntosana Roads, Erf 2265, 2869 & 2293, EsikhaleniKwaZuluNatal
KakamasErf 2164, 11th Avenue, Kakamas, 8870KwaZuluNatal
Upington ScottAncorley Building, 45 Scott Street, Upington 8800KwaZuluNatal
Kuruman BeareBeare Street, Kuruman, 8460KwaZuluNatal
Calvinia32 Church Street, Calvinia, 8190NorthernCape
Colesberg15 Church Street, Colesberg 9795NorthernCape
Kathu Shopping CentreShop 27, Kathu Shopping Centre, Kathu, 8446NorthernCape
Upington MarketShop 1A, Market Street, Shoprite Centre, Upington 8800NorthernCape
Kimberley Diamond PavilionShop 7, Diamond Pavilion, Cnr Oliver & McDougal Street, Kimberley, 8301NorthernCape
Kimberley New Park CentreShop 12, New Park Centre, 17 Long Street, Kimberley 8301NorthernCape
De Aar33 Voortrekker Str , De Aar, 7000NorthernCape
Barkley West26 B Campbell Street, Barkly West, 8375NorthernCape
Kimberley YorkShop 30, Cnr Phakamile Mabija Rd & York Street, King Centre, Kimberley, 8301NorthernCape
Kuruman Mall 3AShop 3A, Livingstone Street, Kuruman Mall, Kuruman, 8460NorthernCape
Kuruman MallShop 61, Livingstone Street, Kuruman Mall, Kuruman, 8460NorthernCape
Kuruman StewartPortion Conway Johnson Building, Cnr Livingstone & Stewart Streets, Kuruman, 8460NorthernCape
Kathu Village MallShop 8, Hendrik van Eck Road, Kathu Village Mall, Kathu, 8446NorthernCape
Upington Kalahari MallShop 3, Cnr Malherbe & Van Riebeeck Roads, Kalahari Mall, Upington, 8801NorthernCape
Kimberley Du Toit28 Du Toit Span Avenue, Kimberley 8301NorthernCape
Postmasburg SibiloShop 7A, Sibilo Shopping Centre, 7362 CAM Street, Postmasburg, 8420NorthernCape
Postmasburg Springbok3 Springbok Street, Postmasburg 8420NorthernCape
HartswaterCentral Building, 22 DF Malan Street, Hartswater, 8570NorthernCape
Kimberley North Cape MallShop 25 & 26, 62 Memorial Rd, Royldene Erf 35600+35602, North Cape Mall, KimberleyNorthernCape
SpringbokJowell’s Building, Voortrekker Street, Springbok 8240NorthernCape
Wolmaransstad11 Kruger Street, Wolmaransstad, 2630North West
ZeerustChurch Street, Malarno Court, Zeerust 2865North West
Rustenburg Implats Shaft 6Shaft no 6, Impala North, Ratanang Residence, Mogono Section, RustenburgNorth West
Mahikeng WarrenShop 6 Las Vegas House,North West
Brits MallShop 18, Brits Mall, Brits 0250North West
Brits PienaarShop 15, Pienaar Street, Shoprite Centre, Brits CBD, Brits, 0250North West
Rustenburg Fatima Bhayat 12Shop 1A, Cnr Kloppers & 12 Fatima Bhayat Street, Rustenburg, 0299North West
Rustenburg Fatima Bhayat 8080 Fatima Bhayat Street, Rustenburg 0299North West
Rustenburg Phokeng MallShop 34, Sun City Road, Bafokeng Mall, Phokeng, Rustenburg, 0299North West
Rustenburg Platinum SquareShop 45, Platinum Square, Rustenburg 0299North West
Delareyville30 General Delarey Street, Delareyville 2770North West
Potchefstroom Ikageng CentreShop 29, Ikageng Centre, 1A Triomf Road, Potch Industria, Potchefstroom, 2539North West
Harmony DoornkopCertain Portion, Farm Doornkop 239 IQ, Portion of 130, Roodepoort, 1874North West
KloofmynCertain Portion C of 1, Eastern portion farm Doornkloof No 350, Westonaria, 1780North West
Mafikeng CrossingShop 12, Crossing Shopping Centre, Cnr Nelson Mandela Drive & Sekame, Mafikeng,North West
Schweizer RenekeErf 82, 43 Schweizer Street, Cnr Schweizer & Delport Streets, Schweizer?Reneke, 2780North West
Vryburg MarketDu Plessis Building, 65 Market Street, Vryburg 8600North West
Northam SwartklipSwartklip Spar, 3 Bill Baisley Street, Swartklip, Northam 0370North West
Jouberton Tower MallShop 13B, Cnr N12 & Jabulani Streets, Tower Mall, Jouberton, Klerksdorp, 2574North West
Klerksdorp City MallShop 111, Cnr OR Tambo & Neser Street, Klerksdorp 2570North West
Klerksdorp Flamwood WalkShop 34, Joe Slovo Road, Extension 33, Flamwood Walk, Klerksdorp, 2570North West
Rustenburg MallShop 50, Swartruggens Road, Rustenburg Mall, Rustenburg, 0300North West
Rustenburg Waterfall MallShop 227 & 228, Waterfall Mall, 1 Augrabies Ave, Rustenburg 0299North West
BapongShop 28, Located on the R556, Key Rona Shopping Centre, Bapong, 0274North West
Fochville President SquareShop 10, 1 Park Street, Fochville President Hyper, Fochville, 2515North West
Ganyesa Makwati CentreShop 10, Makwati Centre, Vryburg & Tosca Road, GanyesaNorth West
Hartbeespoort VillageShop 3, Magalies Boulevard, Village Mall, Schoemansville, Hartbeespoort, 0260North West
LethlabileShop 33, Lethlabile Mall, Cnr Main Road & Osaletseng Street, Lethlabile, Brits, 0264North West
Lichtenburg Parkview CentreShop B1, Park View Shopping Centre, Lichtenburg 2740North West
Mafikeng MallShop 16, Cnr Carney & Carrington Street, Mafikeng 2745North West
Marikana CentreShop 1C, Portion 88 of Farm Rooikoppies 297, Shoprite Centre, Main Road, MarikanaNorth West
Marikana MainRooikoppies Farm, Main Street, Marikana, 0284North West
Mmabatho Mega City 52Shop 52, Mega City Shopping Centre, Sekame Street, Mmabatho 2790North West
Sun City Sun VillageShop 8 & 9, R556, Sun Village, Sun City, 0316North West
Taung MallShop 31, Taung Mall, 232 Main Street, Taung 8584North West
Rustenburg Business CentrePSG Building 193 Kock Street Rustenburg 0299North West
Klerksdorp ChurchShop 56A & 56B, Cnr Boom & Church Streets, Klerksdorp, 2570North West
Klerksdorp Matlosana MallShop 84, Erven 2185, 2314 & 2315, Klerksdorp Ext 38, Matlosana Mall, Klerksdorp, 2570North West
Claremont Main181 Main Road, Claremont, 7700Western Cape
Riversdale49 Church Street, Riversdale, 6670Western Cape
SwellendamShop 18, Voortrekker Street, Swellen Mark, Swellendam, 6740Western Cape
Cape Town AdderleyCnr Church & Adderley Streets, Constitution House Shopping Centre, Cape Town, 8001Western Cape
Cape Town Gardens entreShop 39A, Cnr Buitenkant & Mill Streets, Gardens Shopping Centre, Cape Town, 8001Western Cape
Bellville BSE89 Voortrekker Road, Bellville, 7530Western Cape
Brackenfell WBC1 Dove Street, Brackenfell, 7562Western Cape
Wellington28 Church Street, Wellington, 7655Western Cape
Cape Town Golden AcreShop S41, Golden Acre, Cnr Lower Plein & Strand Streets, Cape Town, 8001Western Cape
Cape Town ParliamentShop 20 & 21, Cnr Plein & Darling Streets, Grand Central, Cape Town, 8001Western Cape
Cape Town Riebeeckc/o Riebeeck & Adderley Streets, Cape Town, 8001Western Cape
Cape Town Business CentreGround Floor, Roggebaai Place, 4 Jetty Street, Foreshore, Cape Town, 8001Western Cape
Cape Town Darlingc/o Darling & Parliament Streets, Mutual Heights, Cape Town, 8001Western Cape
George Hibernia58 Hibernia Street, George, 6529Western Cape
Caledon2 Pioneer Street, Caledon, 7230Western Cape
Clanwilliam3 Main Road, Clanwilliam, 8135Western Cape
Mowbray52 Main Road, Mowbray, 7700Western Cape
Piketberg89 Long Street, Piketberg, 7320Western Cape
Woodstock172 Victoria Road, De Waal House, Woodstock, 7925Western Cape
Canal WalkShop 171, Century Boulevard, Canal Walk Shopping Centre, Century City, Cape TownWestern Cape
Stellenbosch Ikhaya5 Neutron Road, Technopark, Stellenbosch, 7600Western Cape
Peter’s WholesalersPeter’s Wholesalers, 10 Mathey Street, Free StateFree State
BP Virginia Filling StationBP Virginia Filling Station, Toring Street 27, Free StateFree State
BP Maxi MotorsBP Maxi Motors, 20 Van Riebeeck St , GautengGauteng
Cambridge F. Kempstar 148-0002Cambridge Food Kempstar 148-0002, Pretoria Road Kempstar Mall, GautengGauteng
BP Limpopo ToyotaBP Limpopo Toyota, Cnr Landross Mare abd Excelsior Street, LimpopoLimpopo
Limpopo Finance SoekmekaarLimpopo Finance Soekmekaar, CNR N1 And Matoks Botlokwa Plaza, LimpopoLimpopo
Mpumalanga Guest HouseMpumalanga Guest House, 22 Reading Road, MpumalangaMpumalanga
Mpumalanga CaltexMpumalanga Caltex, 2 Elias Motswaledi Street, MpumalangaMpumalanga
List of Branches of Capitec Bank in South Africa

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. 

  • The maximum amount you can apply is R500 000.
  • Maximum duration is 84 months.
  • Personal loans are available according to your credit history. 
  • The lowest interest rate is 13.75%.
  • Paybacks are monthly and fixed. 
  • Credit insurance is also available in case of unexpected situations. 
  • Apps are available for daily browsing. 
  • The duration of getting a loan is low.

Completing these three easy steps will give you an estimate of your personalized loan. Click here to proceed.

The Capitec SASSA Loans – Online Application Methods 2024

How to apply for a Personal Loan 

Applicants can

  • Apply via online apps 
  • Call at 0860 66 77 89
  • Visit a branch to apply. 

Required Documents

Applicants must have: 

  • South African ID & age must be over 18.
  • Verified last Salary Slip by the employer. 

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

  • Contact Capitec for Personal Loan: 0860 10 20 43 / 0860 30 92 50 
  • WhatsApp number of Capitec Bank South Africa: 067 418 9565

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:

  • An original South African 13-digit smart ID.
  • A SASSA grant recipient.
  • A bank account with a credit history.
  • Three months consecutive bank statements (If you are not a Capitec Bank Account Holder).

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. 

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