This article contains a guide and steps on how to apply For Capfin Loan as well as its requirements.
Since the inception of fintech companies, many loan companies have evolved across the globe. Capfin is one of the most popular registered loan service providers in South Africa that was established in the year 2010.
Capfin loan is a popular short-term loan being used in South Africa by many business owners. It serves thousands of South Africans due to the ease in the application process. They offer a loan term of about 6 or 12 months.
As a loan service provider, Capfin provides affordable loans ranging from R1000 to R50, 000. The interest rate charged is determined by your credit profile and the term of the loan.
Like many great loan providers, Capfin assesses your loan affordability with the interest of the customer at heart. This will include checking your credit record to ensure you are capable of making the monthly repayments. In addition to their numerous offers, Capfin also offers a free death benefit to all customers.
The good thing about capfin is that applying for a loan is easy as the whole process takes only a few minutes if you have all the necessary documents. To apply for a loan at capfin, here are the requirements:
- Applicants must be 18 years or older.
- Must be permanently employed or earning a salary.
- Must have a valid South African ID.
- Must have a valid South African bank account.
- Must have a valid cell phone number.
- Must provide 3 most recent payslips or bank statements.
HOW TO APPLY FOR A CAPFIN LOAN
Once you have all the requirements, the method of application is solely your choice to make. There are basically three ways to apply for the Capfin loan.
CAPFIN OFFLINE LOAN APPLICATION
One of the methods is to apply for a Capfin loan at any PEP or Ackerman’s store. All you need to do is to go along with your ID to any of the above mentioned stores, meet with the cashier and tell them you want to apply for a Capfin loan.
Once the application is successful, your loan will be paid to your desired bank account within 48 hours.
CAPFIN ONLINE LOAN APPLICATION PROCEDURE
To apply online, you have to follow the following steps:
- Go to Capfin’s official website https://www.capfin.co.za/apply-now/application-details
- Click on “apply now.”
- Fill in all your personal details such as your name, South African ID number, phone number and email address.
- Tick the terms and conditions box before you continue.
- Once you submit, your Capfin account is successfully created. This afterwards you log in to your profile using your South African ID number and an OTP sent to your registered number.
- Once you are logged in, fill out the application form that will open and follow the instructions to apply and submit.
CAPFIN LOAN APPLICATION VIA CELL PHONE
You can also submit a loan application via your mobile phone. In order to do this, you can either send a short message of your South African ID number to 33005. A loan application form will then be returned to you with steps to follow or you dial *134*6454#. Bear in mind that charges will apply.
CONCLUSION
For over 10 years, Capfin loan service companies have remained consistent with delivering top-notch services to their customers. The ease of loan application and the affordable terms have kept Capfin ahead of other loan companies in South Africa. The information in this article has shown the ease of loan application at Capfin. So, if in need of a loan with an easy process in South Africa, a Capfin loan is one of the options to consider.
