Capfin’s personal loan offers South Africans the option to borrow up to R50,000, repayable over 6, 12, or 24 months. Interest rates are fixed, ranging between 5% and 28% per annum, with daily rate calculation and monthly capitalisation. All fees—including initiation and service charges—are disclosed upfront. Additionally, Capfin Credit Life insurance is included, covering your loan in case of unexpected events like death or loss of income.

How to apply for a Capfin Loan

• Use the Capfin online loan calculator to estimate your repayments
• Complete the quick online application form for pre-approval
• Submit your income and expenses for affordability assessment
• Upload required documents and select your final loan offer
• Approved funds are usually paid out within 48 hours

Pros of the Capfin Loan

The application process is completely online and remarkably quick. Many applicants receive a decision in just minutes, and funds can arrive within two working days.

Capfin’s fixed interest means predictable payments for the loan term, while flexible amounts and durations allow you to tailor borrowing to your needs.

Cons of the Capfin Loan

Maximum rates are on the higher side if you do not qualify for the lower rate brackets, impacting total repayments over the maximum term.

Applications are limited to South African citizens and require sufficient creditworthiness based on Capfin’s analysis, which may exclude some applicants.

Verdict: Is Capfin Right for You?

Capfin’s personal loan is a reliable and speedy option for South Africans needing up to R50,000. The transparent costs, insurance, and efficient process make it appealing for a variety of needs, though rates can vary. Consider your long-term affordability before proceeding.