How to apply for a R1000 loan from Capfin in South Africa

• Capfin Loans: Quick overview
• Loan amount: R1000 – R50 000
• Loan term: 6 – 12 months payment plan
• Interest rate: Maximum monthly interest is 5% per month to 29.25% per annum VAT inclusive.
• Fees: Initiation fee and monthly service fee of R69.00 per month.
• Loan types: Short term loans, unsecured personal loans

About Capfin Loans

Capifin Loans is an online lending company that can provide short term loans and or personal loans to people who need money urgently and cannot wait through the long tiring process of applying a loan through a bank. They believe applying for a loan should be simple, affordable and easily accessible to all. They have partnered with Pep and Ackermans to provide convenient reliable services to customers.

How to apply for Capfin loans online application form?

The quick and easy loan application steps are given below.

• Visit the Capfin loans website and to register yourself with them.
• Click on the “apply now” button and add your name, surname , South African ID number, and email address.
• Tick on yes button if you wish to be emailed/sms/ tele market information about their retail, financial products and services.
• Read their terms and conditions and tick to indicate that you have understood everything.
• Click on the “continue” button to move to the next process.
• The email provided is where they will send you your loan and documentation.
• There is an upload your documents icon where you can upload a copy of your SA ID number, three months bank statements or latest payslips. Or you can email them directly to the email provided on the site.
• After completing your form application then a consultant will call you back to finalize your application request.

Application requirements

• South African ID number
• Bank account details.
• Mobile phone number registered in your name.
• Three latest payslips or latest three months bank statement.

Who is Eligible for Capfin loans?

To be eligible for a loan, these are a must-have.

• Loan applicants can only be South African residents.
• The applicant requires to be above 18 years of age.
• The applicant must have a bank account in their name in one of the banks that
  are supported by Capfin.
• They also must have a South African registered mobile number under their name
  in their possession.

Capfin loan interest rate?

The maximum interest rate offered by Capfin loan is 5% interest rate per month. Capfin loan can also offer up to 29.25 % per annum interest. R69.00 monthly service.

How long does Capfin take to approve a loan?

Capfin loans has stated that after being approved, your loan can be paid to your chosen account within 48 business hours.

Who is Capfin Loans best for?

Capfin is best for borrowers who:

• Are in urgent need of cash injection before month ends or when their salaries
  are delayed.
• Need extra cash to add on the shortage they are having.
• Need a convenient and fast application process that’s 100% online
• Who are able to pay back the money within 6 months or a year.

Pros of Capfin

Convenient : The application process is fast and easy.

Transparency : Capfin loans allows you to have 24/7 access to your Capfin loan account.

No hidden charges : Capfin indicates every charges and interest rates. The amount you are bound to pay will not change later after an agreement was made.

Easy to reach : Besides the online application, Capfin is available in all Pepor Ackermans stores nation wide for the feel of face to face interaction.

User Friendly : If you do not have your bank documents on you then they can obtain them from your bank directly, with your permission.

Cons of Capfin

Limited options: Capfin loans website does not provide enough information to sell themselves to you as a new customer.

Limited cash offers: Capfin loans does not offer anything bigger than 50 000 which means you cannot do any big projects like building a house or paying for your children’s education.

Capfin Loans Contact Details

For questions and concerns, you can reach Capfin through any of the following methods:

Phone: 087 354 0000

Whatsapp: 066 000 0683

USSD: 1346454#

Email (Info): info@capfin.co.za

Fax: 086 688 0000