Capfin Personal Loan
Borrow between R1,000 and R50,000 for any need, with clear, fixed interest rates from 5% up to 27.75% per annum. Fast approval and funds in up to 48 hours.
Capfin offers personal loans tailored for South Africans looking for accessible and flexible financing. With loan amounts starting at R1,000 and going up to R50,000, Capfin loans are suitable for a variety of needs: from home improvements to education, emergencies or supporting a side hustle. Interest rates range from a competitive 5% monthly for terms under 6 months, up to a maximum of 27.75% per annum for longer terms. Repayments can be stretched across 6, 12 or 24 months, giving you flexibility.
How to Apply: Step by Step
To start, use the Capfin online loan calculator to choose your desired amount and preferred term. Complete a quick application form and you’ll receive a personalised pre-approval in minutes. Upon pre-approval, you’ll provide detailed income and expense information for an affordability assessment. After this is complete, you’ll get your final approval, select your loan amount, submit banking details and upload any required documents. If successful, funds are typically available in up to 48 hours.
Pros of Capfin Personal Loans
An obvious advantage is how quick and straightforward the application process is – you can complete it online without paperwork hassles. Another major benefit is the loan flexibility: you can choose your amount and repayment period to match your needs and budget. Plus, interest rates and fees are clearly stated, ensuring transparency from the start.
Cons to Consider
While Capfin provides fast funds, approval and the actual loan amount are subject to a creditworthiness check, meaning not everyone qualifies for the maximum amount. Additionally, the highest interest rates (up to 27.75% per annum) can be significant if you extend your loan to 24 months, increasing total repayment costs.
Our Verdict
If you’re looking for a reputable lender with user-friendly processes, Capfin is an excellent option. The clear terms, rapid approval, and flexibility make the offer highly attractive for many South Africans, as long as repayment fits your budget. Always review your income and expenses carefully before applying, and borrow only what you need.
