The Capfin Personal Loan is an accessible credit solution for anyone seeking flexibility, transparency, and speed. With borrowing amounts ranging from R1,000 to R50,000, you can choose a repayment term of 6, 12, or 24 months. Interest rates are fixed between 5% and 27.75% per annum, which ensures predictable repayments and simple budgeting for your needs.

Applicants benefit from a fast, fully online process, with pre-approval offered in minutes. The Capfin affordability assessment makes sure you receive a personalised offer suited to your financial status. Once approved and documents are submitted, funds may be available within 48 hours.

How to Apply: Step-by-Step Guide

• Calculate your ideal loan amount using the Capfin calculator
• Fill out the quick online application for instant pre-approval
• Provide detailed proof of income and expense to determine affordability
• Upload your ID and banking details for final approval
• Sign electronically, and funds are disbursed, usually within two days

Notable Pros

Capfin stands out for its minimal paperwork, transparent fees, and clear repayment schedules. The entire process is digital, saving applicants both time and effort, and the fixed interest rates help with planning.

Furthermore, customer testimonials mention same-day approvals and excellent support. The loan amount flexibility covers a wide range of personal or business needs, from education to emergency repairs.

Important Cons

While the pre-approval is fast, the loan amount you’re eligible for depends on Capfin’s affordability checks, which may limit borrowing for some applicants. The upper interest rate (27.75%) can also be high for those with lower credit profiles.

Additionally, longer terms mean higher total repayments over time, and all approved loans are subject to mandatory Capfin Credit Life insurance.

Our Verdict

Capfin Personal Loan is a solid choice for South Africans looking for quick funds with predictable repayment schedules. Its digital-first application, decent loan range, and strong customer feedback make it an appealing solution. However, ensure you understand your affordability and total repayment before applying.