Capfin offers personal loans in South Africa with amounts ranging from R1,000 up to R50,000, repayable over terms of 6, 12, or 24 months. Interest rates are fixed, starting as low as 5% and up to 28% per annum. The rates are calculated daily, capitalised monthly, and applications are mostly completed within minutes online, making it a strong option for those needing funds quickly.

How to Apply for Capfin Loans

To apply, start by using the Capfin loan calculator to determine your preferred loan amount and see estimated repayments. Fill in the quick online application form. Once you receive a provisional pre-approval, Capfin will ask you to submit detailed income and expense information for an affordability assessment. Upon final approval, upload the required supporting documents and provide your bank details. If approved, the funds reach your account within 48 hours.

Pros of Capfin Personal Loans

Capfin’s fixed interest rates ensure monthly repayment stability throughout your loan term. The entire application can be completed online, offering both speed and convenience. Approval can take place in just minutes, often with funds available within two days. Flexible repayment terms suit a variety of credit needs, from emergencies to personal projects.

Cons of Capfin Personal Loans

The maximum interest rate of 28% per annum on longer terms may be higher than some competitors for those with excellent credit scores. The loan approval and final amount offered depend on a thorough credit and affordability check, meaning not all applicants will qualify for the advertised maximum.

Final Verdict

Capfin stands out for its transparent process, offering a reliable loan with simple terms, quick decisions, and reputable service. For South Africans needing access to fast, fixed-rate credit, Capfin’s offering is worth considering.