Capfin Personal Loan: check your eligibility and prepare what you need to apply

Your salary isn't an offer. Capfin assesses affordability, and further credit checks after full submission can change your loan amount.

Capfin Personal Loan

You need permanent employment and a monthly salary to apply for a Capfin Personal Loan. A valid SA ID and an account at a supported bank are essential.

Start with your employment and bank, then separate eligibility from approval

Your account must be with Standard Bank, ABSA, FNB, Nedbank, Capitec, African Bank or TymeBank. If declined, you can apply again after 30 calendar days.

Your approval and loan amount depend on income, expenses, credit profile and payment history. Non-payment damages your credit record.

APPLY FOR YOUR CAPFIN LOAN

What your loan costs beyond the monthly repayment

The R4 000, 24-month example totals up to R7 917 at up to 28.25% annually. It includes VAT, assumes that year’s first Capfin loan and uses September 2026’s prime rate. It isn’t your quote.

Capfin’s 24-month example has a maximum R330 instalment and R535 initiation fee. Monthly service fees reach R69; monthly Capfin Credit Life is R14 in this example.

What you need ready for your Capfin application

Have these essentials ready before you start your request.

  • Be 18 or older with SA ID and a supported account.
  • Have a permanent job and a cellphone number.
  • Provide your 3 latest payslips or 3 latest bank statements.
  • Credit life insurance is required when you apply.

Start your online application in four steps

  1. Log in with SA ID and a one-time PIN sent by SMS.
  2. Estimate repayments and fill in the online form.
  3. After pre-approval, give income and expense details.
  4. Accept the pre-agreement statement and quotation.

Your questions answered

What happens if I fall behind on my Capfin loan repayments?

If overdue, Capfin may collect up to 1.5 extra instalments in arrears. Enforcement adds NCA-limited default administration and collection costs.

Can I settle my Capfin Personal Loan before the end of its term?

Settle any time: pay outstanding principal, interest and other charges due to that date. Interest covers only your time with the money.

Can I use my own credit life insurance policy?

Yes, with a similar policy. Credit life is mandatory; if asked, prove Capfin is named as loss payee on yours.

How soon will Capfin pay my approved loan?

After approval, payment takes up to 48 business hours, subject to DebiCheck. Confirm through your bank within 48 hours.

START YOUR CAPFIN APPLICATION