Important disclosure

Capfin Personal Loans

Our loan calculator will help you determine the monthly payments on a personal loan for Capital Finance. Simply enter the loan amount and loan term that you are interested in and click calculate in order to calculate your monthly payment.

This will help you to compare your loan options. This way, you can budget better to manage your Capital Finance loan repayments. Go ahead and give it a try.

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A cash loan from R2 000 up to R250 000. Fast, paperless application process. Decision in seconds. Cash in your account within 24 hours. Flexible repayment options; choose from 12 to 60 months. Free monthly statement via email or SMS. Customer Protection Insurance. Interest from as low as 15%.

Overview

Minimum loan amountR2,000

Maximum loan amountR250,000

Minimum term (months)12 months

Maximum term (months)60 months

Personal loan interest rates (base)15.00%

Personal loan APR15.00%

Monthly repayments (approx)R796

Total repayments (approx)R28,656

Total interest repayments (approx)R8,656

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR936.50

Minimum monthly incomeR2,000

GO TO RCS

Other Fees & Information

Monthly feeR69.00

Quarterly feeR0.00

Annual feeR0.00

Other feesUnknown

Redraw facilityUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Early repayments feeUnknown

Missed payment feeUnknown

For debt consolidation?Yes

Sponsored No

Telephone0861 729 727

Data accurate as of18.01.2020

GO TO RCS

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Get up to R250 000 over 1 – 84 months. Choose between the amount you want, the monthly installment that suits your pocket, or the option that gives you the lowest interest rate. Credit is approved in minutes and the money is available immediately. Pay fixed monthly repayments.

Overview

Minimum loan amountR50,000

Maximum loan amountR100,000

Minimum term (months)1 month

Maximum term (months)84 months

Personal loan interest rates (base)14.20%

Personal loan APR14.20%

Monthly repayments (approx)R797

Total repayments (approx)R28,692

Total interest repayments (approx)R8,692

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

Minimum monthly incomeR3,000

GO TO Capitec Bank

Other Fees & Information

Monthly feeR69.00

Quarterly feeR0.00

Annual feeR0.00

Other feesUnknown

Redraw facilityUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Early repayments feeUnknown

Missed payment feeUnknown

For debt consolidation?Yes

Sponsored No

Telephone0860 66 77 89

Data accurate as of12.07.2020

GO TO Capitec Bank

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Loans up to R250,000. Terms between 7 months and 72 months.

Overview

Minimum loan amountR10,000

Maximum loan amountR250,000

Minimum term (months)7 months

Maximum term (months)72 months

Personal loan interest rates (base)15.00%

Personal loan APR15.00%

Monthly repayments (approx)R805

Total repayments (approx)R28,980

Total interest repayments (approx)R8,980

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

Minimum monthly incomeR2,000

GO TO African Bank

Other Fees & Information

Monthly feeR69.00

Quarterly feeR0.00

Annual feeR0.00

Other feesUnknown

Redraw facilityNo

Repayment scheduleMonthly

Early repayments allowedYes

Early repayments feeUnknown

Missed payment feeUnknown

For debt consolidation?No

Sponsored No

Telephone0861 111 011

Data accurate as of18.01.2020

GO TO African Bank

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Tired of those expensive repayments? Then switch your personal loans to Absa. It’s easy and with our guaranteed lowest interest rate, you will start saving money immediately. We can switch your personal loans of up to R350 000 and pay your creditors directly.

Overview

Minimum loan amountR15,000

Maximum loan amountR350,000

Minimum term (months)12 months

Maximum term (months)84 months

Personal loan interest rates (base)18.82%

Personal loan APR18.82%

Monthly repayments (approx)R845

Total repayments (approx)R30,420

Total interest repayments (approx)R10,420

Rate typeFixed or Variable

Secured or unsecuredUnsecured

Initiation feeR1,207.50

Minimum monthly incomeR2,000

GO TO Absa

Other Fees & Information

Monthly feeR69.00

Quarterly feeR0.00

Annual feeR0.00

Other feesUnknown

Redraw facilityNo

Repayment scheduleMonthly

Early repayments allowedYes

Early repayments feen/a

Missed payment feeUnknown

For debt consolidation?Yes

Sponsored No

Telephone0860 100 372

Data accurate as of12.06.2020

GO TO Absa

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CompareLoans.co.za provides factual information in relation to financial products. While CompareLoans.co.za attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and to the best of our knowledge is correct at the time of publishing. The information published on CompareLoans.co.za is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product you will be dealing directly with that provider and not with CompareLoans.co.za. CompareLoans.co.za recommends that you read the relevant product disclosure statement or product guide before taking up any financial product offer. For more information please see CompareLoans.co.za's Terms of Use and Services Guide.

Minimum and maximum loan periods vary between 1 months and 10 years. Comparison interest rates vary between 6.55% and 60% p.a. Total interest repayments vary between R685.05 and R844.12 over the life of the loan. *Comparison rate is based on an unsecured loan of R20,000 for a term of 3 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. These rates can change without further notice. All rates quoted are per annum. For more information regarding fees click on "View fees & additional info +" for each product or contact the provider.

What type of loan are you looking for?

Capfin loans: Find out how to apply and benefit today

Capfin specialises in short-term personal loans for South Africans, which is why you might want to work with them. If you need extra money quickly, getting a Capfin loan line is a simple, convenient, and easily accessible option. Before you work with them, here’s some background information that helps you to confirm Capfin’s trusted reputation:

  • They are a credit provider with a valid Registration number – 2011/126985/07 – NCRCP11812.
  • This credit provider has been operating since 2010, and has made loans affordable for many South Africans.
  • Their customer service is reliable and well-built. You can visit their offices in Cape town, SMS, call, use USSD, email, fax or ask them to call back if you have any enquiries. In addition, they have LiveChat and detailed contact information on their website.

Next, let’s look at the advantages of Capfin loans and how you can apply and get the same benefits.

Advantages of Capfin loans

  • You can access credit via digital means when you apply online. That means, with an internet connection, you can apply for a Capfin loan online from any place and at any time.
  • The Capfin loan online application is safe and secure, and all your personal details are protected.
  • If you don’t have access to the Capfin website, you can still apply by sending an SMS or going to the nearest PEP or Ackermans store.
  • They have a quick approval process, and you can usually expect money in your bank account within 48 hours.
  • You can make early repayments for your Capfin personal loan without being charged a penalty fee.
  • There are no hidden fees – interest rates and all charges will be clearly communicated to you.
  • Communication with Capfin is available via English, Xhosa, Zulu, Afrikaans, and Sesotho, which are common languages in South Africa.

How do Capfin personal loans work?

You can borrow as much as R50 000 from Capfin, and loan terms go up to 24 months. When you apply, Capfin usually gives you a quote that shows the loan amount you can borrow. If you earn more and have a good credit score, you can get approval for a larger loan amount. Capfin is a responsible lender, so they will always carry an affordability assessment to ensure they give you an amount you can afford to pay back.

What are the Capfin loan requirements?

In line with the National Credit Act, Capfin requires the following before they can approve your loan:

  • Valid SA ID to prove that you have citizenship;
  • The latest payslips or bank statements for 3 months;
  • Permanent employment with a regular, monthly salary;
  • A working South African phone number where you can be contacted;
  • Valid SA bank account that receives your monthly salary; and
  • Minimum age of 18 years.

How to make a Capfin loan application

There are three ways to make a Capfin loan application. With more options, you are guaranteed to find an application process that suits your particular situation.

  • Online application

You can start the application on this page. In the comparison tables above, select the “Go to Site” button next to the Capfin personal loan option. You will be automatically directed to their webpage. Next, click on the “Apply Now” button.

However, before you can begin, you must create an account with Capfin if you already don’t have one. This is simply a matter of providing your personal details such as full name, ID, email, and phone number. After that, you can complete the process by uploading the required documents and following the easy-to-understand instructions.

  • Mobile phone application

This is done by sending Capfin an SMS. You might have to talk to a representative to finalise the application.

  • PEP and Ackermans application

Do you have a PEP or Ackermans close by? If yes, you can walk in and apply for a Capfin loan. The cashier will guide you through the process. After that, you simply wait for the arrival of your SMS.

How do I submit my documents to Capfin during the loan application process?

To complete your Capfin loan application, you’ll need to submit your documents using the following options:

  • You can upload the documents by selecting the “Upload” tab when you apply online.
  • A cashier will scan the documents for you when you apply via PEP or Ackermans.
  • After applying, you can attach the documents in an email and send the mail to docs@capfinmail.co.za. You have to use your ID number as the subject line for this option.
  • The documents can be faxed to 0866880000 along with your written ID number as a reference.
  • If you bank with ABSA, Standard Bank, or Nedbank, your documents can easily be accessed once you give Capfin permission.

Is there a Capfin personal loan calculator?

CompareLoans offers you a way to calculate your monthly repayments with the Capfin loan calculator. Ideally, using the calculator should be done before you apply since you can check if the amount you want is affordable. You can also calculate how much of your salary or income will be left over after the repayment. The calculator results will, therefore, help you pick a better loan amount and term.

What are the Capfin loan interest rates?

Capfin offers personalized interest rates that are fixed and calculated on the daily balance of your loan. To get lower rates, your credit score must be high. A positive credit history with a good credit is proof that you can be trusted to pay back your loan on time based on past behaviour.

How to make your monthly repayments

Typically, Capfin claims your monthly repayments from you via debit order. This is why they require you to use the same account that receives your monthly salary. When your salary comes in, the amount due gets deducted automatically from your bank account. It is important to ensure your account has sufficient funds to process the debit order since failure to repay your loan as agreed can negatively affect your credit score.

Capfin Reviews: Are they good?

Finally, you might want to hear what other customers have to say about Capfin. For this, carrying out some research over the internet is very helpful. As a second option, you can check with other Capfin customers to check if they were happy with the service they received. However, since Capfin is a registered credit provider that has won some awards and has plenty of experience, it is expected to have good and positive reviews.

Apply for a Capfin personal loan

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