Sometimes our dreams in life require a certain extra hand to finally come out. That usually means a little more money than we currently have in savings. A personal loan can certainly help, whether it’s for those who want to consolidate credit card debt or even make a big purchase. They offer the opportunity to get that much needed extra cash at low interest rates.
Capfin Loan offers innovative ways to apply for short-term loans and you can easily get your cash loan in just a few minutes. In addition, it also offers loans up to $50,000, but not everyone qualifies for this amount. The amount depends on your credit score.
As always, we recommend that you have a clear goal before applying for a personal loan. The money can help you save a lot of money when it comes to paying off credit card debts, for example. But it can also make your financial life more complicated than necessary.
Are you ready to learn more about the Capfin Loan, including how to apply? Read on and understand all about it.
Advantages of using the Capfin Loan
The Capfin Loan is very flexible, check out some of its advantages below:
- Fixed interest rate
- Best possible interest rate
- Flexible payment terms
- Apply for loans of up to R50,000
- Affordable and easy loan products
- Loan term limited to 6 or 12 months
- The amount borrowed depends on your credit score
This is an easy-to-use system that allows almost anyone to get a loan. Which can be a great way to get rid of the high interest on other debts or give your personal projects a boost.
Requirements for the Capfin Loan
To be able to apply for a Capfin loan, you must meet the minimum loan requirements below:
- Have a valid South African ID
- Have your three latest bank statements or latest three payslips / salary slip as proof of income
- Have a valid cell phone number
- Be in permanent employment earning a monthly salary
- Have a valid South African bank account
- Be at least eighteen years old
How to Apply
Capfin offers innovative ways to apply for personal loans, and it is simple. To be able to apply for this high-quality loan, you need to show your identity card and the latest pay stubs or bank statement to PEP or Ackermans – the cashiers at the respective stores will help you with the loan application.
It takes a few minutes to process, and you should receive an SMS about the status of your application. If you prefer online, you can also do it by going to the Capfin website, enjoying faster service and turnaround as well.
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