Capfin offers personal loans from R1,000 up to R50,000 with repayment periods ranging from 6 to 24 months. The interest rate is fixed, starting from 5% up to a maximum of 27.75% per annum, calculated daily and capitalised monthly. A once-off initiation fee, monthly service fee, and mandatory credit life insurance apply. The loan application process is fully online, with fast decisions and payouts within 48 hours upon approval.

How to Apply for a Capfin Loan

• Use the Capfin Loan Calculator to select your loan amount and term.
• Complete the short online application to get your pre-approval offer.
• Submit your income and expense details for affordability assessment.
• Once approved, upload your supporting documents and provide banking details.
• Receive your funds in your bank account typically within 48 hours.

Key Pros of Capfin Loans

One major advantage is the transparent, fixed interest rate for the full loan term, making your monthly repayments predictable and easy to budget for.

Additionally, the simplicity of the fully digital application and quick pre-approval speeds up access to funds. Customer experiences consistently highlight the fast payout and professional support.

Main Cons of Capfin Loans

Capfin’s loans come with obligatory credit life insurance and fixed fees, which can raise the total repayment amount, especially on longer terms.

Applicants must demonstrate sufficient affordability and creditworthiness, so not all applications may be successful. The maximum interest rate can also be high for those with poor credit standing.

Verdict: Should You Apply for a Capfin Loan?

Capfin is a reputable and popular South African lender, best suited for those who value a transparent offer, clear costs, and quick access to personal loans. Their digital-first approach and strong customer feedback make them a solid choice if you need funds for personal development, emergencies, or projects.