Capfin is a leader in short term loans in South Africa and they offer a Capfin Loan which starts from R1000 up to R50 000, and the duration, the loan can be used for financial emergency and unexpected expenses.
What is the Loan term for a Capfin Loan
The loan is available for 6 or 12 months depending on how much you want, and the nice thing about Capfin is that before you take the loan they will do an affordability assessment where they asses if you do qualify for the loan based on you income.
What is required to apply
To apply for the loan you must meet the following requirements:
- Must not be under debt review, administration, or sequestration: These legal processes indicate financial difficulty, and Capfin prioritizes responsible lending for its customers.
- Have a valid cellphone number: They will use this cellphone to contact you during the application process.
- Have a valid South African bank account: Capfin will deposit your loan and collect your repayments on this account. The bank must be one of their supported (Standard Bank, ABSA, FNB, Nedbank, Capitec, African Bank)
- 3 Months latest payslips or a bank statement: Capfin needs to determine you income and affordability
- Be permanently employed with a monthly salary
Ways to apply
Accessibility: Apply online, through Capfin’s retail partners (like PEP and Ackermans), or via mobile channels.
