Capfin Loans Application | How to Apply

The Capfin loan is one of the most popular loan products in South Africa. It is a loan product from Capfin SA (Pty) Ltd, a registered credit provider.

Capfin Loans Application

In this article, we are going to take an in-depth look at the Capfin loan and the maximum amount you can get. Also, we will discuss how to use the Capfin loan calculator and see how you can apply for the loan and quickly get approved.

Product Summary

Loan Amount: From R1 000 up to R50 000

Terms: Minimum of 6 months and maximum of 12 months

Interest: Prime Interest rate, as prescribed by the National Credit Act.

In summary, you can apply for a 6-month loan of up to R8 000 or a 12-month loan of up to R50 000.

The choice is up to you and what best suits your needs.

Point To Ponder: One thing you should always keep in mind is that just because Capfin offers loans of up to R50 000, meaning you will qualify for the full amount.

How much you qualify for depends on the outcome of your affordability assessment. This assessment considers factors such as your income and expenses, your credit profile and payment behaviour.

Tip: It is always important to make sure you have a good credit record. A bad credit record always impacts negatively on any application for credit.

Capfin Overview

Capfin SA (Pty) Ltd is a registered credit provider and operates within the guidelines of the National Credit Act.

Together with their stakeholders, Van As and Associates Recoveries (Pty) Ltd and Capfin SA (Pty) Ltd are indirect, wholly owned subsidiaries of Pepkor, which is listed on the Johannesburg Stock Exchange.

The company had a humble beginning in 2010 with a team of three people only. Fast forward to today, they now have a team of over 1 000 people working for them.

Having gone through such humble beginnings, they truly understand what it is like when one in need to financial assistance.

In addition, their vision has always been to provide customers with affordable loan products and services. Also, they strive to make a positive impact in the lives of their clients by delivering exceptional service.

Whilst most banking institutions make it a nightmare for anyone to get a loan this is not the case with Capfin. They make applying for a loan simple, affordable and easily accessible to all South Africans.

Benefits of dealing with Capfin include; an easy application process for the Capfin loan. In addition, they believe in transparency and will not charge you any hidden fees or interest rates.

Furthermore, their loans come with a free death benefit, meaning they write off the loan balance in the event of a client’s death. This means you don’t have to worry about leaving a burden on your family in the event of your death.

Lastly, as a client, you’ll have 24/7 access to your Capfin loan account.

Capfin Loan Calculator

The Capfin loan calculator is found on the Capfin website. This is a useful tool to use to assist you with having an idea of how much your Capfin loan will cost you.

It’s simple to use and all you need to do is to use the slider to select the amount you wish to borrow.

After this, the Capfin loan calculator will automatically give you the interest & fees you will be charged and the total amount to repay.

In addition, the Capfin loan calculator will give you your monthly repayment amount. This will give you an idea if you will be able to afford the loan.

We strongly recommend making use of this easy-to-use tool before submitting your application to have an idea if you will afford the loan.

Annual Percentage Rate (Interest Rates and Associated Fees): Illustrative Example

1st Example;

Loan Amount:                              R4 000
Repayment Term:                       6 months
Maximum Interest Rate:            5.0% pm
Initiation Fee:                               R535
Max Monthly Service Fee:         R69
Monthly Instalment:                   R965
Total Loan Repayment:              R5 788

2nd Example;

Loan Amount:                              R4 000
Repayment Term:                       12 months
Maximum Interest Rate:            24.5% pa
Initiation Fee:                               R535
Max Monthly Service Fee:         R69
Monthly Instalment:                   R499
Total Loan Repayment:              R5 989

Please note the above example is for illustration purposes. Interest rates might change and we always recommend getting an accurate quotation from Capfin directly.    

TIP: The above example shows that if you take a loan over a longer period your monthly repayments will be lower. However, the total interest you pay will be more as compared to taking the loan over a shorter period.

The term to choose for your loan is always a personal choice, we recommend you choose what best suits your lifestyle.

Capfin Loans Application

The application process is simple.

You may apply for a Capfin loan online, via SMS or visit any PEP or Ackermans store nationwide.

1. Capfin online loan application

This is a convenient way of applying for your loan as it can be done at any time and from the comfort of your home or office.

Here are the steps you follow to apply online;

1 Visit the Capfin website

  1. Click the Apply Now button
  2. Follow the simple instructions to create your profile. You’ll need to fill in your name, surname, SA ID number, cellphone number and email address. Click continue.
  3. You will receive One-Time-Pin (OTP) which will be sent directly to the cellphone number you registered with. Log on
  4. Next, you’ll be asked to complete your details about your income and expenses
  5. You’ll get a summary of all the provided details and next you will get an offer! As simple as that!

However, before your application is finalised, you’ll need to upload your supporting documents listed below under the requirements.

TIP: Make sure you have a valid cellphone number as these will be required to create your online profile.

To avoid delays in your application, make sure you provide the correct details.

2. Capfin SMS application

This is another convenient way of applying using your cellphone.

All you have to do is SMS the word ‘HELP’ to 43679 and a consultant will be in touch to go through your application.

3. Capfin In-store application

The in-store application can be done at any PEP or Ackermans store nationwide.

You’ll need to take the required documents stated below and the cashiers will be able to assist you with your application.

What else do you need to know?

Here’s a little more information that we think is important for you to know.

What do I require to apply for a Capfin loan?

  • You must be 18 years or older with A valid SA ID
  • 3 latest payslips or 3 latest bank statements
  • Must be permanently employed and earning a monthly salary
  • A valid cell phone number and email address
  • You must have a valid SA bank account

How can I submit my documents?

  • Upload your documents online, by selecting the upload tab on the website
  • Scan your documents at any PEP or Ackermans store nationwide
  • Email your documents to: with your SA ID number in the subject line after applying.
  • Fax your documents to 086 688 0000 with your SA ID number noted in writing as a reference after applying.

Capfin balance check number?

You may use the USSD facility *134*6454# to check your balance. Alternatively, you may also call the Capfin contact centre on 087 354 0000

Capfin Login

Once you’ve created a profile online, you’ll use your ID number and a One-Time-Pin (OTP) which will be sent directly to the cellphone number you registered with to log on.

If you wish to change your cellphone number you’ll have to contact the Capfin call centre.

How long does Capfin take to approve a loan?

You usually get an offer within minutes, however for the loan to be approved this is subject to a credit assessment. Depending on how quickly you submit your supporting documents, approval usually takes a few days.

Your loan will be paid out within 48 business hours after approval to your nominated bank account.


Firstly, this article helped us get an overview of Capfin as a company. We know this is a company that has been around since 2010 and can definitely be trusted.

Second, we saw the benefits of dealing with Capfin and why we can choose them over other lenders. For example, they will never charge any hidden fees or interest rates.

Third, we saw how you can make use of the Capfin loan calculator.

Also, we discussed the application process and saw how simple it is.

Therefore, if you are looking for a loan between R1 000 and R50 000, we urge you to try Capfin today.

If you are looking for a loan amount of more than R50 000, you can look at alternative lenders such as FNB, African Bank, Old Mutual or Capitec to mention a few.

Capfin Contact Details

If you have any information that you require that hasn’t been answered in this article, you can use the following Capfin contact details to get hold of them.

Telephone: 087 354 0000

Fax: 086 688 0000

SMS: SMS ‘HELP’ to 43679

USSD: *120*5566#


Registered address:
1 Industrie Street
Kuils River
Cape Town
South Africa

Good Luck

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