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Capfin Loans

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Capfin Loans are arguably one of the most sought after solutions that are available to South Africans who need to borrow some money for their various financial obligations, and borrowers can borrow up to R50 000 in cash from any of the thousands of PEP or Ackermans stores, or through an online application from their website directly.

If you happen to find yourself in a tough financial fix and you need quick access to credit from a reputable lender Capfin might be just the right credit solutions provider that you can look at for short and long-term loans.

So what is Capfin?

Founded in 2010, Capfin has been providing affordable and accessible credit to thousands of loan seekers in South Africa, impacting positively in the lives of their customers. They are a division of Century Capital (Pty) Ltd and their head offices are based in Cape Town.

What makes them different is the fact they take a different approach to the one that other lenders such as banking institutions take in putting up stringent qualifying criteria’s that make it difficult for the ordinary borrower to meet, and have simplified the application process such that anyone can borrow from them.


video courtesy from Capfin

In addition their loan maximum payout is much higher than its various competitors such as Getbucks, Wonga, Boodle who offer credit that range between R2 500 to R4 000 maximum.

Capfin is a firm believer in responsible lending and they have formed a partnership with reputable retail giants PEP and Ackermans to ensure that their services are accessible to anyone who needs them anywhere inside the country, and its services is regulated by the National Credit Regulator.

For those that are looking to borrow money on a short term basis Capfin offers as much as  R8 000 in cash which you can pay off within 6 months, or long-term loans that pay out as much as R50 000 which you can pay off between 12 months.

Their online calculators can make it easy for potential borrowers to know from the get go how much money they can borrow and how much they will be expected to pay off including interest rates.

How do apply for Capfin Loans

Capfin offers you three basic options of applying for their loans, the online, cellphone or the in-store application routes.

Online Application

To apply online you will need to visit their website and use the provided sliders to input your desired loan amount and the duration of the repayment terms.

Their sliders will automatically calculate your monthly installments for you and based on that amount you can choose to continue with the application process.

When you submit your application their consultants will contact you to verify your details and will ask you to submit your supporting documents, and if you get approved they will pay out the money into your bank account directly.

In-store Application

For the in-store route you will need to visit your nearest PEP or Ackermans store with all your required documents, and their cashiers will scan your documents and process your application for you.

In 15 minutes following your application submission you will be notified via SMS on the status of your application, with the payout being issued to you within a few hours after approval.

Cellphone Application

To apply via cellphone you will need to sms the words “Help” to 43679 and a consultant will get in contact with you.

Benefits of Capfin Loans

Capfin offers easy and affordable loans of up to R50 000 which customers can comfortably pay back within a minimum of 6 months and a maximum of 12 months.

Their transparent services allow you to get a loan that takes into consideration your affordability assessment and has favorable terms which suits your financial needs.

Capfin Loans also come with a FREE Death Benefit which settles any outstanding balances on your loan in the event of your death.

This benefit is extended to all new and existing Capfin customers and you won’t have to pay a single cent for it.

A Funeral Cover is also added to people applying for Capfin Loans, and this offers a R5 000 cover for natural death and a R10 000 cover for accidental death.

The Funeral Cover payout will be received by the nominated beneficiary upon the death of the Capfin account holder, and this is only available within 6 months from the date of death of the Capfin customer, after the period expires the cover will no longer be available.

Annual Percentage Rate (Interest Rates and Associated Fees)

R50 000 / 12 month loan example

According to their website repayment calculator when you apply for a R50 000 loan over a repayment period plan of 12 months you will be charged interest and fees totaling R8438.17 which brings your total repayment amount to R58 438.17.

Your monthly repayment cost will be R4 869.85 and is subject to a credit application and affordability assessment.

R8 000 / 6 month loan example

According to their website repayment calculator when you apply for a R8 000 loan over a repayment period plan of 6 months you will be charged interest and fees totaling R2751.23 which brings your total repayment amount to R10 751.23.

Your monthly repayment cost will be R1 791.87 and is subject to a credit application and affordability assessment.

Capfin Loans FAQ

What do I need to qualify for Capfin Loans?

To apply for a loan from Capfin you will need:

  • above the age of 18 years with a valid South African Identity Document (Greenbook or Smartcard)
  • must be employed on a permanent basis
  • must supply your latest 3 pay slips or bank statements
  • an active cell number

Where can I apply for Capfin Loans?

People can apply for a Capfin Loan from their nearest PEP or Ackermans store, or they can do the application online.

How can I check the amount I qualify for?

Capfin will send you a loan offer which shows the amount you will qualify for based upon your affordability assessment, but if additional credit checks are performed the amount may be subject to change.

How much money can I apply for?

Capfin offers loans that has a maximum of R50 000, but this will be based on factors such as your affordability assessment which takes into consideration your income versus your expenses, your credit profile and your payment behavior.

How do I submit my documents?

If you are applying online you can register an account and upload your documents on their website application form, or you can send an email to info@capfin.co.za with your South African ID number as the subject line.

The other option is to take your documents to your nearest PEP or Ackermans store and have them scanned there.

How long do I have to wait to receive my pay-out from Capfin?

Loan pay-outs typically take less than 48 hours to be paid out into your bank account during working days.

Can I settle my account with Capfin?

You can settle your Capfin Loan by contacting Capfin call centre on 087 354 0000 or dial *120*5566# and get a settlement quote which is valid for 7 working days. You can then make a payment through EFT, Direct Deposit or pay in-store at any PEP Store.

Contact Details for Capfin Loans

Customers can find out more details on how to apply for Capfin Loans by simply going to their website www.capfin.co.za and read up more details from there, or visit their nearest PEP or Ackermans Stores and inquire inside.

Physical Address

1 Industrie Street
Kuils River
7580
Cape Town
South Africa

Tel: +27 87 354 0000
Sms: “HELP” to 43679
Ussd: *120*5566#