Capitec loans: does Capitec offer payday loans?
No. Capitec offers personal loans and revolving credit, but no payday loan. Here is what it does offer, and where to look for a short-term loan.
Compare similar providersWhat Capitec offers
Capitec Bank does not offer a payday loan. Its shortest personal loan term is 12 months.
Its main credit products are a Personal Loan and an Access Facility, which is revolving credit. Both go up to R500,000. Capitec also offers a credit card.
Capitec is a registered credit provider, number NCRCP13. We confirmed this on the NCR register. You can apply in the app, online, by phone or in a branch.
| Company | Capitec Bank Limited (1980/003695/06). Authorised financial services provider, FSP 46669. |
|---|---|
| NCR registration | NCRCP13 — confirmed on the NCR register |
| Products | Personal Loan, Access Facility (revolving credit) and credit card. No payday or short-term loan. |
| Amounts | Personal Loan up to R500,000. Access Facility up to R500,000. |
| Terms | Personal Loan 12 – 84 months. Access Facility repaid over up to 60 months. |
| Costs as published | Personal Loan rates from 12.50% a year, personalised. Initiation fee R1,207.50; monthly fee R69. Access Facility rates 12.75% – 21.25%; monthly fee R69, or R0 with no balance. |
| Capitec's example | A R50,000 Personal Loan over 4 years at 22% a year has a total cost of R84,811. |
| Speed (their words) | “Credit is approved in minutes and the money is available immediately” |
What Capitec asks for
- You must be 18 or older.
- Your original ID.
- Your latest salary slip.
- If your salary isn’t paid into Capitec, a bank statement showing your last three salary deposits.
From Capitec’s own website and the NCR register, checked October 2026. Capitec is not one of our partners and we earn nothing if you apply there.
Why Capitec has no payday loan
Under the National Credit Act, a short-term loan is R8,000 or less, repaid within six months. Payday loans fall into this group.
Capitec’s Personal Loan runs for at least 12 months. So none of its loans is a payday loan.
The Access Facility comes closest. You can draw a small amount and repay it quickly. You pay interest only on what you use, but the R69 monthly fee applies while you owe money.
For a small amount until payday, a short-term lender may suit you better. See our payday loans page.
Providers similar to Capitec
Jabulani Money, Creditbar and Century are NCR-registered lenders for small, short-term loans. Crezu is a loan-matching service for larger personal loans, closer to Capitec’s range.
NCR-registered lender · NCRCP22362
R500 – R4,000 · Payday (repayable on your next salary date)
We may earn a commission if you apply through these links. It doesn't change what you pay. How we make money.
How to choose
- Check the provider's NCR number on the NCR register. A loan-matching service must tell you which lender you'll sign with.
- Compare the total amount you will repay, in rand, not only the interest rate.
- On short-term loans, a first loan may cost at most 5% interest a month. Later short-term loans in the same year are capped at 3%.
- The initiation fee is capped at R165 plus 10% of the amount above R1,000, up to R1,050. It can never be more than 15% of the loan. The service fee is capped at R60 a month. VAT is added to both. See our responsible lending page.
- Apply to one or two providers at a time. Many applications in a short period can hurt your credit score.
- Already struggling with repayments? Talk to a registered debt counsellor before you borrow more.
Capitec loans — frequently asked questions
Does Capitec offer payday loans?
No. Capitec's personal loans run from 12 to 84 months. It has no loan that you repay on your next payday.
How much can I borrow from Capitec?
Up to R500,000 on a Personal Loan or an Access Facility. What you get depends on your credit profile and affordability.
What do I need to apply for a Capitec loan?
You must be 18 or older. Capitec asks for your original ID and latest salary slip. If your salary isn't paid into Capitec, add a bank statement showing three salary deposits.
What is the Capitec Access Facility?
It is revolving credit of up to R500,000. You pay interest only on what you use, and repay over up to 60 months. Capitec quotes rates of 12.75% to 21.25%.
What can I use instead of a payday loan?
An NCR-registered short-term lender offers smaller amounts over shorter terms. Compare the total you will repay. If you are struggling with debt, speak to a debt counsellor first.
Sources
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