Capfin says that there is a better way than the bank way. 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. 

Capfin Loans

Capfin’s six- and 12-month loan products are the result of years of refinement and conversations with our over three million former and current customers, to understand what they need and when they need it. 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?

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.