Capfin offers personal loans to South Africans from R1,000 up to R50,000, allowing you to decide on a suitable repayment plan over 6 to 24 months. The interest rates are fixed, ranging from 5% to 28% per annum. After a simple online application, you could get pre-approval in under a minute, and funds are typically transferred within 48 hours upon final approval.

How to Apply for a Capfin Loan

• Use the loan calculator to choose your amount and payment term.
• Fill in the online form and receive pre-approval quickly.
• Submit your proof of income, expenses, and banking details for affordability assessment.
• Finalize the application by uploading relevant documents.
• Wait for final approval and receive funds in as little as two days.

What Stands Out: Pros

Capfin is praised for its transparent, fixed-rate loans and streamlined application that can be completed entirely online. Customer reviews highlight the speed of the approval process and the clarity around costs and repayments.

Another major plus is the flexibility with loan terms and the option to borrow smaller or larger amounts, making it accessible for various needs—from covering emergencies to investing in education or a business side hustle.

Points to Consider: Cons

While Capfin’s maximum interest rate is competitive, those with less favourable credit may still get higher rates within the range. Additionally, as with all loans, fees like initiation and monthly service charges apply.

Affordability checks are rigorous, meaning approval is subject to a thorough credit and financial assessment. Some may find the need to upload documents and wait for full approval a bit of a delay compared to instant digital-only lenders.

Final Verdict

Capfin is a strong choice if you want a personal loan with flexible terms, fixed costs, and a reputation for efficiency and good customer service. If you meet the basic requirements and need quick funding for personal goals or emergencies, Capfin should be on your shortlist for trusted loan providers.