Capfin Personal Loans: Quick Access to Funds in South Africa (2025)
A Capfin Personal Loan provides unsecured loans of R1,000 to R50,000 for South Africans needing quick financial solutions. The Johannesburg-based credit provider (NCRCP11812) offers 6-24 month repayment terms through digital platforms and 2,700+ PEP/Ackermans stores, focusing on speed, accessibility, and compliance with National Credit Act regulations.
Key Loan Features
| Loan Amount | R1,000 – R50,000 |
|---|---|
| Repayment Period | 6, 12, or 24 months |
| Interest Rates | Up to 29.25% annual rate |
| Approval Time | Pre-approval in minutes, payout within 48 hours |
Who Qualifies?
Applicants must meet these requirements:
- South African ID holder
- Minimum age 18 years
- Regular income (payslips or 3 months’ bank statements)
- Bank account at ABSA, FNB, Nedbank, Standard Bank, or Capitec
Application Methods
Choose from three convenient options:
- Online: Apply via capfin.co.za with ID verification
- SMS: Text ID number to 33005
- In-store: Visit PEP/Ackermans branches nationwide
Cost Breakdown
| Fee Type | Cost |
|---|---|
| Initiation Fee | Up to R1,207.50 (once-off) |
| Monthly Service Fee | R69 |
| Credit Life Insurance | R50-R150/month |
Example: 12-month R20,000 loan totals ~R28,200 at 25% interest.
Repayment Terms
- Fixed monthly debit orders
- Early settlement allowed without penalties
- Missed payments incur R60.40 fee plus 2% interest
Insurance Protection
All loans include mandatory coverage for:
- Loan settlement on death/permanent disability
- 12-month payment relief for retrenchment
- 2017-2018 loans: Funeral cover up to R10,000
Why Choose Capfin?
Advantages for 2025 applicants:
- Accepts applicants with poor credit history
- Load-shedding friendly SMS/retail applications
- Same-day pre-approval system
Getting Started
Prepare these documents before applying:
- SA ID book/card
- 3 months’ payslips (employees) or bank statements (self-employed)
- Completed consent form for credit checks
For applications or queries, contact Capfin at 087 354 0000 or visit www.capfin.co.za. Loans subject to affordability assessment and NCA regulations.
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