What to Expect from a Capfin Online Loan Application


Applying for a loan has never been so easy. With Capfin, you can now get a personal loan of up to R10 000, by simply applying for a loan at any PEP till point with your SA ID and your latest proof of income. Although there is no quick link to a Capfin loan online application, applying for a loan at PEP stores is easy:

  • Take your SA ID and your latest proof of income to any PEP store.
  • Get confirmation via SMS within 5 minutes.
  • And Capfin will call you to finalise your loan application.

Capfin offers loans over six and 12 months. They believe that there is no need to stand in long bank queues, and sign piles of paper to apply for a short term loan. All you need is your SA ID and latest proof of income, to be permanently employed and paid monthly into an SA Bank account.

Their partners, PEP and Ackermans, provide customers with the assurance that they are working with some of South Africa’s most well-known and trusted retailers. Through their 2500+ stores, customers enjoy all the advantages of not having to go to a bank; from better opening hours to shorter queues and friendly service.

How much will you pay?

Getting a loan is the easy part – paying it back is where the trick comes in. Capfin loan calculations will determine how much you’ll pay back, and the total amount of the loan, including all interests and other fees.

There’s a convenient Capfin loan calculator available, to help you determine what you will likely pay when you take up a loan with them. For example, if you want to borrow R5,000 the total repayable will be R6,994. This includes interest and fees of R1,994 and your instalment will be R1,165.66 over six months. If you want to take out the same loan amount but over 12 months, your monthly premium will be R613,20 for 12 months, for a total repayment of R7,358.


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