Capfin Loan Application – Status, Track & How to Apply

Capfin, a distinguished credit provider in South Africa since 2010, has been addressing such needs by offering personal loans up to R50,000 with flexible repayment terms, making the loan application process both accessible and manageable from the comfort of your home.

we understand the anticipation and anxiety that can accompany waiting for a loan approval. Therefore, we will explore how Capfin keeps you informed about your application’s progress, utilizing various channels like SMS notifications, email updates, online account tracking, and direct customer service contact for a more personalized update.

Capfin Loan Application Requirements

• A valid South African ID.
• Three recent payslips or bank statements.
• Employment on a permanent basis with a regular monthly salary.
• A working cell phone number.
• An active bank account with either Standard Bank, ABSA, FNB, Nedbank, Capitec, or African Bank, as these are the banks Capfin collaborates with.
• Applicants need to be 18 years of age or older.

Capfin Loan Interest Rates

The interest rates for Capfin loans vary. For a 6-month loan, the maximum interest rate is 5% per month, and for a 12-month loan, it can go up to a maximum of 28% per annum. The exact interest rate might be personalized based on your credit score, with better scores generally receiving lower rates​​.

How to Apply For Capfin Loan Online

• Go to the Capfin’s official website​ and navigate to the loan application section. If this is your first time, you might need to create an account. Otherwise, you can log in if you already have one​
• You will need to provide some personal details such as your name, surname, South African ID number, mobile number, and email address. Ensure that all information is accurate and valid to prevent any delays in your application process​
• The loan application requires you to submit your South African ID, your latest three payslips or bank statements, and other relevant documentation to assess your creditworthiness and affordability​
• Before submitting your application, make sure to review all the details and terms provided. Confirm that all personal information is correct and that you agree with Capfin’s terms and conditions.
• After submitting your application, Capfin will conduct an affordability assessment and credit policy review. You’ll receive feedback on whether your loan application has been approved, typically via email or SMS.
• If approved, you’ll likely need to review and sign a loan agreement. Make sure to understand all the terms before accepting the loan. Once everything is finalized, the loan amount will be deposited into your designated bank account

How to check your Capfin loan application status

They are different ways to check your capfin loan application status. These includes;

SMS Notifications: Capfin may send you SMS updates regarding your application status, from confirmation of receipt to approval or requests for further information. Ensure your contact details are updated to receive these messages​

Via the Website: You can check your loan status online by visiting the Capfin website, logging into your account, and checking the dashboard for any updates regarding your loan application status​

Customer Service: If you prefer speaking to someone or require more detailed information, you can directly call Capfin’s customer service center at 087 354 0000. Be sure to have your personal details handy, such as your ID number, for verification purposes​

USSD Code: For real-time access to your loan application status and settlement details, you can use Capfin’s USSD code *134*6454#. This method provides an instant update on your loan status directly on your phone​

Remember, after submitting your application, it typically takes around 48 working hours for Capfin to process it. However, this could be longer if there’s a weekend in between or depending on the completeness of your application and the volume of applications being processed​

​​If you find that your loan status remains ‘Pending’ for an extended period, or if you have any concerns, do not hesitate to contact Capfin directly for clarification.

How to Track Capfin Loan Application

To track your Capfin loan application, you have several options:

1. You can call Capfin’s contact center directly at 087 354 0000 to inquire about the status of your loan application.
2. Use Capfin’s USSD service by dialing *134*6454# from your mobile phone. This service will provide you with your loan settlement quote and can give you an indication of your loan status.
3. The Capfin customer service department can help you track your loan application status. You may contact them either through call or email to inquire.
4. If you have an online profile with Capfin, you can log into your account to check the status of your loan application. Typically, the loan approval process takes between 1-7 days after submission of your application and documents.
5. You can check your Capfin loan status by sending an SMS with your ID number to 33005. You will then receive a text message containing a link to your online statement or loan status.

Capfin Sms Number for Loan Application

To apply for a Capfin loan via SMS in South Africa, you need to follow these steps:

1. Send an SMS containing your South African ID number to the number 33005.
2. After sending the SMS, you will receive prompts which you should follow to continue the application process.
3. Please note that standard SMS rates will apply when you send your message.

How to Cancel Capfin Loan Application

To cancel a Capfin loan application, you should directly contact Capfin’s customer service for assistance. Loan providers require direct communication for cancellation requests to ensure proper handling and confirmation.

You can reach out to Capfin in the following ways for assistance with canceling your loan application:

1. Call the Capfin customer service line at 087 354 0000. Customer service representatives can guide you through the cancellation process.
2. Email your cancellation request to Capfin’s support team. While the provided sources did not specify an email for cancellations, you can try contacting them through their general customer service email or the document submission email, [email protected], and include your SA ID number and loan application details.
3. Log into your Capfin online profile if you have one, and look for any options to cancel pending applications. If you cannot find such an option, use the contact options available in your profile to send a cancellation request.

Read Also:

Unifi Loans Review – interest rate, contacts  types of loans

FASTA Loans Reviews – Interest, Contact, Pros & Cons

Capfin loan Application via Cell Phone Number &; SMS – How to Apply

How much can you get from Capfin loan?

You can apply for a Capfin personal loan of up to R50,000, which can be repaid over six or twelve months, depending on your preference and qualification based on Capfin’s assessment. The specific loan amount you can get will depend on several factors including your income, credit history, and the results of an affordability assessment by Capfin​​​

How long does a Capfin loan take?

Once your loan application is approved, Capfin typically disburses the loan amount within 48 business hours directly into your nominated bank account. However, it’s important to note that any delays in approving the DebiCheck mandate request from your bank may prolong the transfer of funds to your account​

Capfin Loan Application Contact Details

• Tel No: 087 354 0000
• USSD Code: *134*6454#
• Email Address: [email protected].
• Fax: 086 688 0000.
• Capfin whatsapp number: 066 000 0683
• capfin self service number: 087 354 0000 capfin
• loan sms number: 33005