Capfin offers South Africans personal loans up to R50 000, with flexible repayment periods ranging from 6 to 24 months. Interest rates are fixed, starting as low as 5% and up to 28% per annum, making repayments predictable. Each loan includes all standard fees and Capfin’s credit life cover, which protects you in cases of death, disability, or loss of qualifying income.

How to apply: Step by Step

Start by using the Capfin loan calculator to estimate your repayment according to the amount and the term you need. Complete a quick online application form and get a pre-approval offer within minutes. If pre-approved, submit your income and expense details for an affordability check. Once your application is fully assessed, provide your banking details and supporting documents to finalise the loan. Upon approval, funds are typically paid out within 48 hours.

Pros of Capfin Loan

One standout advantage is the speed of approval. Many users have reported receiving their loan funds within two days, even on weekends. Fixed rate structures provide certainty about your monthly payments. Additionally, customer service is praised for being efficient and friendly, as reflected in genuine user reviews.

Cons of Capfin Loan

Interest rates can be as high as 28% per annum, depending on your risk profile and the chosen term, potentially making repayments higher for some. Also, while the online process is streamlined, you’ll still need to submit a complete set of documents, which could delay funding if you are not prepared.

Verdict

Capfin’s personal loan product stands out with transparent pricing, reliable customer support, and quick access to funds. If you need up to R50 000 with the convenience of a fully digital process and clear costs, Capfin is a solid option for many South African consumers.