Capfin offers a personal loan of up to R50,000, repayable over flexible terms of 6, 12, or 24 months. Interest rates are fixed and range between 5% and 28% per annum, calculated daily and capitalised monthly. A once-off initiation fee and monthly service fee apply, and Capfin Credit Life Insurance is included for peace of mind. Fixed repayments make it easy to budget for your monthly expenses.

How to Apply for a Capfin Personal Loan

Applying is quick and straightforward. First, use the Capfin Loan Calculator online to select your preferred loan amount and term. You will instantly see an estimated repayment based on the details you provide. Complete the online application form to receive a personalised pre-approval offer. Once pre-approved, submit your income and expense details for an affordability assessment. On final approval, select your loan amount, enter your banking details and upload the required documents. If everything checks out, your funds will be paid out within 48 hours, making this one of the fastest loan approval processes available.

Highlights of Capfin Loans

Capfin’s loans are suitable for South Africans who need quick access to cash, flexible repayment terms and clear cost structures. The transparent breakdown of monthly instalments and total repayment amounts ensures there are no unpleasant surprises.

Fast processing and minimal paperwork make Capfin appealing for those needing urgent funds, whether for tuition, home repairs, medical bills, or starting a small business. Fixed interest rates offer security against fluctuating repayments.

Potential Drawbacks

Interest rates can be high, especially at the maximum tier of 28% per annum – similar to other unsecured personal loans. Initiation and service fees also add up over the loan term.

As with any credit product, full loan approval depends on your credit and affordability assessment. Not everyone will qualify for the maximum amount or the lowest rate.

Overall Verdict

Capfin personal loans are a practical solution for South Africans seeking fair, fast, and straightforward financing. If you value fixed payments, flexible terms and a trusted lender with excellent customer feedback, Capfin is a top contender to consider.