Pepkor Trading (Pty) Ltd
Capfin is an Authorised Financial Services Provider and a Registered Credit Provider
Company Reg no.: 1958/003362/07, Credit provider Reg no.: NCRCP13053
Phone:
087 354 0000
Website:
https://www.capfin.co.za/
Capfin is a South African personal-loan lender that offers unsecured loans of up to R50,000, with repayment terms typically from 6 months to 24 months.
It is a registered credit provider (NCRCP13053) and operates under the National Credit Act.
Loan terms
- Loan amount: from R1,000 to R50,000
- Repayment term: from 6 to 24 months
- Interest rate: up to 5% per month or up to 28% per year, depending on the term
- Initiation fee: shown as R535 for a R4,000 loan in the PEP repayment example
- Monthly service fee: R69
Borrower requirements
- Over the age of 18
- Valid South African ID.
- 3 latest payslips or 3 latest bank statements.
- A valid bank account.
- A valid cellphone number.
- Affordability assessment based on income and expenses and credit history.
How to apply and get a loan
Applying Online:
- Use the Capfin loan calculator to determine the right loan amount for your goals.
- Check your eligibility, including having a South African ID, your latest 3 months’ payslips or bank statements.
- Prepare and submit your documents on the website. You’ll need a copy of your ID and the last 3 months’ bank statements or payslips.
- Complete the application form, ensuring you provide accurate personal and financial information.
- Submit your application for review. Once your application is approved, the funds will be deposited into your bank account.
Applying in-store at PEP:
If you prefer applying face-to-face, you can also visit PEP or Ackermans stores nationwide. Here’s how:
- Visit your nearest PEP or Ackermans store that offers Capfin services.
- Take the required documents with you, including your South African ID and bank statements or payslips.
- Once in-store, an employee will scan your documents and upload your application to Capfin.
- One of our agents will reach out to you directly to finalise the loan process.
Apply via USSD: dial 1205566#.
Capfin will assess affordability and credit, and if approved, fund your bank account.
Repayment and payment methods
Repayments are collected via debit order and can be paid at any PEP store.
You can also pay your Capfin loan installments at any Dunn’s store.
Customer care for Capfin: contact details are provided on Capfin’s site and via email info@capfin.co.za.
Other terms
Early repayment: not explicitly stated on official pages; standard NCA rules apply.
Late payment: standard NCA rules; late fees may apply and non-payment can affect your credit record.
Renewal/extension: not explicitly detailed on Capfin’s site; subject to affordability and credit assessment.
Features
- Multiple application channels: in-store at PEP, online, and via USSD.
- 12.5 million loans issued to date.
- Part of Pepkor Trading.
Example repayment: R4,000 for 6 months — maximum monthly instalment R965, total repayment R5,790; R4,000 for 12 months — maximum monthly instalment R518, total repayment R6,212.
