How to apply for your Capfin Personal Loan

Do you need money but don’t want to commit to a long-term installment? Capfin Personal Loan may be ideal for you. Growing steadily in the market over the past few years, it offers a loan option where you have the possibility to repay within a period of 6 to 12 months.

By acting in this way, Capfin has been exceeding its customers’ expectations by providing responsible credit and offering a friendly service, thereby gaining the trust of more and more people.

The Capfin personal loan

Capfin’s loan model is to provide loans that are financially manageable and accessible, with amounts that can go up to R50,000, with repayment terms of 6 or 12 months.

In this way, you can have transparency to ensure that you are in a good cost-benefit relationship, also ensuring that there are no hidden fees to be paid without your knowledge. The way Capfin achieves this is by analyzing your credit score, thus determining what would be accessible for you.

How does Capfin’s personal loan work?

What are the fees charged?

When applying for a loan, what everyone is concerned about are the fees that will need to be paid. These fees will vary depending on the amount borrowed and the number of installment payments. In addition, late payment fees will also be charged if the payment is not made on time.

What will also determine whether additional fees will be paid during the loan installment is if you have requested insurance, which is nothing more than a policy in case you are unable to make a payment in any given month for any reason.

What are the payment terms for Capfin personal loans?

The payment amount will vary based on the interest rate set in the loan, and there’s a way for you to determine what your installments would be. Capfin provides an online calculator that shows you the monthly installment amount based on the loan amount and the chosen repayment term.


So that you can better assess whether it’s worth applying for this loan, we’ll mention some of its advantages here:

  • The chance to pay off the loan faster
  • Ability to organize your finances
  • The ease of seeing the fees they charge


Just as we did with the advantages, we will list here some disadvantages for you to consider all aspects before making your request.

  • There is no possibility to extend the loan installment beyond 12 months.
  • The maximum loan request amount is R50,000, so if you need more than that, this may not be a viable option.

How to apply for a Capfin personal loan?

Are you interested and want to know how to apply for the loan? Here, we will explain how you can make your loan request.

What are the prerequisites for applying for the loan?

To make the request, there are some requirements that need to be met. Here, we will list them:

  • Possess a valid South African document.
  • Provide your latest bank statements as proof of income.
  • Have a valid mobile phone number.
  • Have permanent employment and receive a monthly salary.
  • Possess a valid South African bank account.
  • Be at least 18 years old.

Apply through the website

To make a loan request, it’s quite simple. Just visit their website, and you’ll need to fill out some personal information in an online form. You will need to fill in your personal information in the requested boxes and also provide your phone number, email address, and identification.

To proceed with the request, you will need to check the box indicating that you agree to the terms and conditions of the loan. Clicking “continue” will create your online profile on the Capfin website.

With your profile created, simply log in using your South African identification number and a One-Time Pin (OTP) that was sent to the number you registered when signing up.

With access to your profile, simply follow the instructions that will be sent to you, and thus complete the application for your Capfin personal loan.


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