Capfin Personal Loan Review: Up to R50 000 with Fast Approval and Fixed Rates

Capfin offers South Africans personal loans from as little as R1 000 to as much as R50 000, with flexible repayment periods between 6 and 24 months. Interest rates are fixed and range from 5% to a maximum of 28% per year. These rates are calculated daily and capitalised monthly, ensuring predictable repayments.

The application process is efficient and digital, with the opportunity to check your potential monthly instalment using a loan calculator before you even apply.

How to Apply for a Capfin Loan

1. Use Capfin’s online calculator to choose your desired loan amount and term.
2. Submit your initial application form for instant pre-approval.
3. Provide detailed income and expenses for a full affordability assessment.
4. If approved, select your amount, add your bank details, and upload requested documents.
5. Receive your funds, usually within 48 hours of final approval.

Capfin Loan Pros

Capfin stands out for fast approval times and clear, fixed interest rates throughout your repayment period. The process is user-friendly, mostly online, and provides a quick decision on your loan status.

The transparent repayment schedule ensures you always know what you owe up front, and credit life insurance is included so your debt is covered in unforeseen situations.

Capfin Loan Cons

While the highest fixed rates can reach 28% per year for some applicants, they might not be as competitive as some other lenders for borrowers with excellent credit. Additionally, the maximum loan is capped at R50 000, possibly limiting those needing larger loans.

Our Verdict

If you value a straightforward digital application, rapid payouts, and clear costs with no hidden surprises, Capfin is a strong candidate for your next personal loan. The step-by-step online process combined with flexible borrowing options make it suitable for anyone needing quick, reliable access to funds for essential expenses or opportunity investments.