3 reviews
Best fixed deposit rate in SA
Opened a 12-month fixed deposit with Capitec at 9.75%. The Deposit Insurance Scheme protects my money. The app makes it easy to track interest accrual. Will definitely renew when it matures.
✓ Pros
- High interest rate
- Deposit insurance protection
- Easy management via app
✗ Cons
- Early withdrawal forfeits interest
- Minimum R10,000 required
Straightforward personal loan
Applied for R50,000 from Standard Bank online. TransUnion check was instant and I got approval within a day. The APR was clearly disclosed upfront — no hidden fees. Funds hit my account next morning.
✓ Pros
- Clear APR disclosure
- Fast approval
- No early settlement penalty
✗ Cons
- Rate higher for new customers
- Requires proof of income
Best home loan deal I found
Nedbank offered 100% financing for my first home in Johannesburg. The online pre-approval was done in minutes. The NCR registration gave me confidence. My consultant was helpful throughout.
✓ Pros
- 100% financing available
- NCR-regulated lender
- Online pre-approval
✗ Cons
- Requires clean credit record at TransUnion
- Valuation fees charged separately