How to Apply for Capfin Loan

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.

Documents Required Capfin Loan Application

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

  1. A valid SA ID
  2. 3 latest payslips or 3 latest bank statements
  3. Must be permanently employed and earning a monthly salary
  4. A valid cellphone number
  5. A valid SA bank account with one of the following banks supported by Capfin:
    • Standard Bank
    • ABSA
    • FNB
    • Nedbank
    • Capitec
    • African Bank
  6. 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;

Details6 Months12 Months
Loan AmountR4000R4000
Max Interest Rate5.0% pm29.25% pa
Initiation FeeR535R535
Max Monthly Service FeeR69R69
Monthly Capfin Credit LifeR15R14
Max Monthly InstalmentR948R516
Max Total Loan RepaymentR5686R6195

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.

Read Also: How to Apply For NSFAS Funding

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
  • 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

Read Also: How to apply for Finance 27 Loans

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
  • 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

Read Also: How to apply for FNB Study Loan

How to apply for Capfin Loan Online

Once you are successfully logged into your Capfin account you begin your loan application with these procedures;

  • Click on the apply button
  • Upload all the documents required for the application
  • Enter the loan amount you want to loan
  • Fill out your bank information which will be used for the cash disbursement
  • Wait for your loan to be approved within 48 business hours

How to apply on the phone

You can also apply for a Capfin loan on your phone by dialling the USSD shortcode *134*6454# and following the instructions outlined in the response.

Contact Information

  • PHONE: 087 354 0000
  • WHATSAPP: 066 000 0683
  • USSD Shortcode: *134*6454#
  • EMAIL: [email protected]
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