(Capitec) Student Loans SIM

(Capitec) Student Loans SIM is an independent, unofficial Android app about the Capitec education loan: a loan simulation, a calculator and a complete guide, written for students and parents in South Africa.

What the app does

It is built from the three things its own description names, and each of them runs on figures you type in:

• a loan simulation, so you can watch how an education loan behaves over the years instead of only reading about it;
• a calculator, which puts rand amounts to the instalments; and
• a complete guide to the Capitec education loan for students and parents.

All figures are estimates for planning only.

What it does not do

It is an independent educational app, not an official representative of Capitec Bank, and not affiliated with, endorsed by, or connected to Capitec Bank. It does not offer loans and cannot be used to apply for a loan. It does not process applications, disburse funds, check application status, or access any account. There is no account, no login, no personal data. It never asks for an ID number, a bank account number, a password or a one-time PIN, and you should never type any of those into a third-party app or website.

Key facts about the programme

• A study loan from a bank is a credit agreement, so the lender must be a credit provider registered with the National Credit Regulator.
• Because a full-time student usually has no income, a parent, guardian or other sponsor is normally the applicant or signs as surety, and that person carries the legal liability.
• Study loans commonly allow reduced payments while the student is still studying, with capital repayment starting once the course ends.
• Rates, limits and in-study terms are set by the bank and change over time.

Brand names appear here descriptively, for a guide about the product. Always confirm the actual terms with Capitec Bank directly and apply only through the bank's own official channels. Whether a credit provider is registered can be checked at https://www.ncr.org.za. Not financial, tax or legal advice.