Capitec Credit for Education

Capitec has teamed up with Stellenbosch Business School to offer credit of up to R500 000 at a discounted interest rate. It’s a credit solution that can help you achieve your education goal. 

We encourage students to call Capitec on 0860 88 88 40 for any queries.

Here are some frequently asked questions (FAQs) to help you decide what you need:

Credit for education is credit at a discounted interest rate over an extended term, specifically to pay for education.

Depending on what you qualify for, you can choose one or both of these credit solutions:

Access facility: 

• You could qualify for up to R500 000
• The money is paid directly to you
• You choose where and when to use the money
• You only pay interest and fees on the money that you use

 Credit for education:

• You could qualify for up to R250 000 over a repayment term of up to 84 months
• Interest rates from as low as prime
• The loan is paid directly to the education institution

The term and amount you could qualify for are based on your credit profile, income, and affordability.

See what you qualify for in 3 easy steps.

Credit for education is specifically to pay for education. You apply online through the dedicated link. If you qualify and your credit is approved, the money will be paid directly into your student fees account. It can be used as a student loan to pay tuition fees.

You can use a term or personal loan for anything. The money is paid into your bank account on approval, but you won’t receive a discounted interest rate or an extended term.

You don’t have to be a Capitec client to apply, but you must be a Stellenbosch Business School student.

The applicant (parent/guardian/sponsor applying on a child's behalf) must be permanently employed to apply for credit. You need a quote or invoice not older than 30 days to process your application.

You need an invoice or quote from the Business School not older than 30 days to process your application.

The credit assessment will be based on Capitec's credit granting rules, your credit profile and affordability.

You can apply here in 3 easy steps to get a personalised estimate.

 If you qualify and your credit is approved, Capitec will pay the money directly to your university student fees account.

 Once you’ve completed the estimate, you can choose I’m interested or Cancel.

 Choose I’m interested if you’d like to go ahead with the credit application, and a Capitec consultant will contact you within 48 hours to complete your application.

 You need to provide the following documents:

• The applicant's last three (3) consecutive salary slips
• If your salary is not paid into a Capitec account, a bank statement showing your latest 3 consecutive salary deposits
• You don't need proof of residential address, but you may be asked to provide supporting documents to complete your application.

You will need to send these documents to [email protected] when requested.

The credit for education loan is only for education. You can’t use it to settle any existing loans you may have.

You can call Capitec on 0860 88 88 40, Monday to Friday, 08:00 – 18:00 and Saturdays, 08:00 – 13:00.

Download Capitec’s free Money Guide for tips on how to manage your money. You can also register for 5 free courses through Capitec’s Live Better Academy to help you learn to invest, build your financial health, reach your money goals and live better.