How to Apply for Capfin Loan

Capfin Loan Services is one of the leading and most credit friendly loan providers in South Africa. Capfin over the years has provided over 1 million citizens with personal and business loans of varying amounts without any collateral or external guarantors.

This article will provide you with all Capfin loan application requirements, available loan packages, and interest rates. We will also assist you with guidelines to create your applicant account and fill out the form to apply for a Capfin personal or business loan.

Table of Contents

Documents Required Capfin Loan Application

Applicants interested in obtaining a loan from Capfin must provide the following documents to qualify for a loan;

A valid SA ID
3 latest payslips or 3 latest bank statements
Must be permanently employed and earning a monthly salary
A valid cellphone number
A valid SA bank account with one of the following banks supported by Capfin:
- Standard Bank
- ABSA
- FNB
- Nedbank
- Capitec
- African Bank
Must be 18 years or older

Read Also: SASSA Online Application

Capfin Loan Interest

Capfin loans between one (1) and six (6) months will attract an interest rate of 5% per month and loans from one (1) year and more will attract an interest an interest rate of 29.25% per annum.

The table below is used to demonstrate the interest rate of a loan of R4000 for six(6) months and one (1) year respectively;

Details	6 Months	12 Months
Loan Amount	R4000	R4000
Max Interest Rate	5.0% pm	29.25% pa
Initiation Fee	R535	R535
Max Monthly Service Fee	R69	R69
Monthly Capfin Credit Life	R15	R14
Max Monthly Instalment	R948	R516
Max Total Loan Repayment	R5686	R6195

Maximum Loan Amount

Capfin provides loans of up to R50,000.00 with a six (6) to twelve (12) months repayment plan within 48 hours (2 days) after application.

How to Create a Capfin Loan Account

Applicants interested in a Capfin loan must sign up on the online application portal and follow these steps to apply;

Visit the Capfin loans website at https://capfin.co.za
Click on the login link located at the top right corner of the web page
Select the register option from the drop-down and click on it
Fill out the registration form with all the details required
- Surname
- Last name
- RSA ID Number
- Phone Number
- Email address
Read and accept the terms and conditions
Click on the Continue button
An SMS with a verification code will be sent to your phone
Enter the code in the input field to complete the registration

How to Log into your Capfin Loan Account

Applicants with an existing account can log in to manage their loan applications and repayment with these steps;

Visit the Capfin loans website at https://capfin.co.za
Click on the login link located at the top right corner of the web page
Select the login option from the drop-down and click on it
Enter your South African (SA) ID number
Click on the login button to proceed to your account dashboard