TM
Tebogo M

1 reviews | Active since Dec 2020

26 Oct 2021, 20:16

Ridiculously high interest rate on personal loans.

Whatever you do, do not not take any loans or any other credit from Capitec. They don't care how long you've banked with them, and even worse, they don't care about your credit ratings. Their interest rate is ridiculously high, you end up paying off more interest than the actual loan amount. You're better off with a loan shark than with this bank.

0
Replies (1)
Capitec Bank
Capitec Bank's reply27 Oct 2021, 05:58
Official
Good day Tebogo 

Thank you for letting us know of your concern, and for your patience while we explore this matter. We have assigned your query to a designated official who will contact you within the next business day. 

Kind regards 

Capitec Bank