Capfin Loan Application: Requirements, Interest Rate & Approval

Capfin Loans

Need a quick and easy loan in South Africa? Capfin offers personal loans up to R50,000 with flexible terms and competitive interest rates.


This guide will walk you through everything you need to know about applying for a Capfin loans, from eligibility requirements to the application process.

Here are things we will cover:

  • What is Capfin?
  • Key takeaway points about Capfin loans
  • Eligibility requirements
  • Required documents
  • How to apply for Capfin loan
  • Interest rates and fees
  • Repayment options

What is Capfin Loan?

Capfin is a leading financial services provider in South Africa, offering a range of products including personal loans, secured loans, and vehicle finance. They are known for their quick and easy application process, flexible repayment options, and competitive interest rates.

Key takeaway points about Capfin loans:

  • Loan amounts range from R2,000 to R50,000.
  • Loan terms are 6 or 12 months.
  • Interest rates are competitive and vary depending on your credit score.
  • You can apply online, via SMS, or at any PEP or Ackermans store.
  • The application process is quick and easy.
  • You will receive a decision within minutes.

Eligibility requirements

To be eligible for Capfin loans you must fulfill the following requirements:

  • You must be a South African citizen or permanent resident.
  • You must be at least 18 years old.
  • You must have a regular income.
  • You must have a good credit score.

Required documents

  • Valid South African ID
  • 3 latest payslips or 3 latest bank statements

How to apply for Capfin loans

  • Online: Visit the Capfin website and click on the “Apply Now” button. Fill out the online application form and submit your documents.
  • SMS: Send your South African ID number to 33005. You will receive a response with further instructions.
  • PEP or Ackermans:Β Visit any PEP or Ackermans store nationwide and speak to a consultant.
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See also – How to Check Your Capfin Loan Statement (Quick & Easy)

Interest rates and fees

Capfin’s interest rates are competitive and vary depending on your credit score. You can get an estimate of your interest rate before you apply. There are also some additional fees, such as an initiation fee and a monthly service fee.

How Do I Know If My Capfin Loan Is Approved?

There are several ways to know if your Capfin loan has been approved:

1. SMS: After submitting your application, you will receive an SMS notification within minutes informing you of the outcome.

2. Email: You will also receive an email from Capfin with the final decision. This email will include details about your loan offer, such as the loan amount, interest rate, and repayment terms.

3. Online account: You can log in to your Capfin online account to view the status of your application.

4. USSD notification: If your loan is approved, you will receive a USSD notification from your bank. You will need to accept or reject the debit order mandate within the notification.

5. Contact Capfin: If you haven’t received any notification after applying, you can contact Capfin directly to check the status of your application. You can call them on 087 354 0000 or email them at

Additional tips:

  • Be sure to check your spam folder for emails from Capfin.
  • Make sure your contact information is up to date so that Capfin can reach you easily.
  • Allow up to 48 hours for Capfin to process your application.
See also  How to Check Your Capfin Loan Statement (Quick & Easy)

Here are some signs that your Capfin loan might be approved:

  • You received a positive credit check result.
  • You have a good credit score.
  • You meet all of the eligibility requirements.
  • You have submitted all of the required documents.

However, there is no guarantee that your loan will be approved. Capfin will consider a number of factors before making a decision, including your credit score, income, and employment status.

If your loan is not approved, you can ask Capfin for a reason. This will help you understand what you need to do to improve your chances of getting approved in the future.

Repayment options

You can choose to repay your Capfin loan over 6 or 12 months. You can also make additional payments at any time to reduce your loan balance and save on interest.

Frequently Asked Questions

  • What happens if I miss a payment? If you miss a payment, you will be charged a late fee. You may also be contacted by Capfin to discuss your repayment options.
  • Can I extend my loan term? In some cases, you may be able to extend your loan term. However, this will result in additional interest charges.
  • What happens if I default on my loan? If you default on your loan, Capfin may take legal action to recover the outstanding amount.

Capfin loans can be a quick and easy way to get the money you need. However, it is important to be aware of the interest rates and fees before you apply. Make sure you can afford the monthly repayments before taking out a loan.

Do you have any questions about Capfin loans? Leave a comment below and I will be happy to help!

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Please share this article with your friends and family who may be interested in applying for a Capfin loan.

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