Important disclosure

Capfin Personal Loan Repayment Calculator

Our Capfin personal loan repayment calculator will help you compare your possible loan options. It will help you budget by calculating your likely monthly repayment of a certain loan amount over a set period.

Once you input the loan amount, simply adjust the loan term and then click calculate. You will then see what the likely monthly payment will be. This way you can budget better.

Calculate repayments

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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

Hide info -

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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?

Make smart choices with the Capfin loan calculator

Capfin personal loans in South Africa give you that extra money to cover special situations. There are times when you have bills or loan accounts that need to get paid immediately. Other times you just want to take a holiday or furnish your house with nice items. You can do this and more using a Capfin personal loan, but it’s still important to make smart choices when taking out a loan. In this article, we introduce the Capfin loan repayment calculator to help you borrow and spend money wisely.

What is the Capfin loan repayment calculator?

This calculator was specially created by CompareLoans.co.za to help you calculate the monthly repayment amount for Capfin personal loans. Before you can use the calculator, there are 2 pieces of information you need to know, and these are the loan amount and the loan term. Knowing this information before you apply for a Capfin loan is very useful. Just plug in your desired cash amount and time amount and let the budget calculator do the rest.

Why should you use the Capfin repayment calculator?

When you use the Capfin calculator for personal loans, you get immediate results. It does not require a lot of time and effort to use, but you still get valuable and fast results to help you prepare for your loan application. When you borrow money and receive some extra cash, it is always exciting. But, since you have to repay the debt, it is best to enter into the loan agreement with as much information as possible.

Taking out a loan you can’t afford means you increase the chances of being unable to pay it back. This, in turn, leads to financial problems such as penalty fees, legal action taken against you, getting blacklisted, and finding yourself with a bad credit score. At CompareLoans.co.za, we absolutely recommend that you use the calculator. It will not only take a few minutes of your time, but the information you get is also worth it.

How does the Capfin loan calculator work?

As we have mentioned before, The Capfin repayment calculator is very simple to use. Simply follow the instructions outlined below and enter the required information:

    1. Provide the loan amount: Start by entering your desired loan amount. This is done by using the first sliding tool and adjusting until you get the correct value.
    2. Provide the loan term: The next step is to use the second sliding tool to choose your preferred loan term.
    3. Calculate: Press the “Calculate Repayment” button to get instant results.

Get another result: You can use the Capfin calculator freely and as many times as possible. Each time you’ll get immediate results. Another good thing about this calculator is it also includes the interest and other loan charges in the monthly payment result.

How does the Capfin repayment calculator help you calculate the total cost of your loan?

This personal loan calculator not only shows you how much you have to pay back each month, but it also helps you get an idea of your loan’s total cost. When calculating your results, the calculator takes into account the following:

  • The amount you’re borrowing;
  • The amount of time you will take to repay the loan;
  • Interest costs;
  • Other charges or fees such as the initiation fee or monthly service fee; and
  • How many times you’ll be making payments.

Here’s an example you can get after using the loan calculator:

  • Loan amount: R20 000
  • Loan term: 12 months
  • Monthly repayment amount: R2079.93
  • Number of instalments: 12
  • Estimated total cost of the loan: R24 959. 14
  • Amount paid for interest and fees: R4959.14

The total cost of the loan gives you a bigger picture of the actual cost of borrowing, which influences you to borrow wisely. Please note that the information supplied above is subject to confirmation.

How does the Capfin loan amount affect your monthly repayment?

Choosing a larger loan amount means that your monthly instalment amount will be higher if all things stay constant. For example, if you borrow R15 000 from Capfin for 12 months, you will have to pay R1605.23 every month. However, if you borrow R20 000 for the same 12 months, you’ll have to pay R2079.93.

How does the Capfin loan term affect your monthly repayment?

The loan term you choose affects your loan’s monthly payment amount. It also affects how much interest you’ll end up paying. A longer loan term will give you lower monthly payments, which might seem like a good thing. However, since interest gets charged for every month, if you take longer, the total cost of the loan will likely end up being higher. Compare the difference using the Capfin calculator when making your affordability assessment.

Benefits of the Capfin repayment calculator

Calculating your Capfin monthly instalments before applying for and receiving your personal loan offers a lot of advantages. You can adjust the values many times so that in the end, you find an affordable loan that agrees with your budget.

The Capfin loan repayment calculator helps you to estimate the monthly costs of paying off your loan. When you use the calculator, you have a visual understanding of what you can afford according to your salary, income, or monthly budget. The biggest benefit is you’ll be able to plan smartly and take out a personal loan that you can pay back in the best way possible.

After using the Capfin loan calculator here’s how to apply

Established in South Africa, in 2010, Capfin is a reputable credit provider that’s fully registered with the National Credit Regulator. Capfin offers flexible and affordable loans of up to R50 000. Its services are open to South Africans who meet the following general requirements:

  • South African ID;
  • Latest payslips and bank statements;
  • A regular monthly income; and
  • A South African bank account.

If you meet the Capfin loan requirements, you can begin the online application right here on this page by clicking the correct “Go to Site” button. This enables you to visit the Capfin website and fill in the application form. After you receive the loan, you can make your calculated repayments at a PEP or Ackermans store.

Learn more about Capfin personal loans.

More about Capfin

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