Capfin offers South Africans an opportunity to borrow up to R50,000 with flexible repayment periods between 6 and 24 months. The application process is fully online for convenience. Their interest rates range from 5% (for terms under 6 months) to a maximum of 28% per year for longer terms, all calculated daily and charged monthly. This makes it easier to plan your finances because repayments are fixed throughout your loan term. Full transparency is upheld, as all required fees and credit life insurance are included in the monthly instalment.

How to Apply: Step by Step

1. Use the Capfin loan calculator to estimate repayments and choose your loan amount
2. Complete the user-friendly online application form
3. Receive an instant pre-approval decision
4. Submit your income and expense details for affordability assessment
5. Finalise your application by uploading required documents and bank details
6. Get your approved loan amount paid out, usually within 48 hours

Pros of Capfin Loans

Capfin’s straightforward application and high approval speed make it stand out. The entire process can be completed online, anytime that suits you.

There are no hidden costs thanks to fixed rates, transparent fee structures, and an all-in-one monthly instalment that covers credit life insurance — peace of mind included.

Cons of Capfin Loans

On the downside, the maximum interest rate of 28% per annum may be expensive for those with longer loan terms, especially if affordability is tight.

Also, not everyone will qualify for the top-end loan amount, as approval depends on an affordability assessment and credit review. Some may need to supply additional documents to finalise their application.

Our Verdict

Capfin is a solid choice if you need a transparent, quick-access personal loan with terms tailored for flexibility. Their customer service and fixed-rate system inspire trust and convenience. However, always consider the total repayment and ensure you can comfortably meet the monthly cost before proceeding.