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Capfin Top up Loan | Increase your Loan | Compare Options

Capfin was established in 2010 in South Africa with the objective of providing affordable credit services. Over this decade, the company has grown and is one of the main short-term loan providers in the country. Today, we will talk about their loans: how they work, how much you can ask for, how you can top up a loan, what the requirements are and if you can skip payments.

Can I top up my Capfin loan?

If you thought that asking for a loan was an impossible task, you were wrong. There are companies that work hard in order to offer more and more South Africans with the opportunity of accessing credit. Not everybody has the possibility of affording the things and services they need without finance. Some of us need to take out loans to buy our furniture, for instance, or to put our children through school. There are many reasons for us to need a loan.If you want, you can apply for a loan at Pep Stores.

Fortunately, Capfin offers short-term loans that are easy to request. At this company, you can request a maximum amount of R 50,000 and choose repayment periods of 6 months or 12 months. Another benefit of asking for a loan at Capfin is that if you need and qualify for it, you can ask for a top up loan. What does this mean? This means that if you need to increase the amount of your loan, you can do so without the need of waiting for the loan to be cancelled.

If you take out a loan at Capfin, every month, you will receive an SMS informing you about the amount you have available to borrow from Capfin. Also, you will be able to call Capfin to receive more information or to start your application for your top up loan.

Are there Extra Costs on my Capfin Loan other than Interest Rates?

When you ask for a loan at a financial institution, there are certain costs involved. You should remember that these are companies that are looking to make a profit out of the service they provide. So, when you ask for a loan at Capfin, or at any other company or bank, you should bear in mind that the loan will have an interest rate and certain fees. These fees are usually an initiation fee and a service fee. Fees charged by these institutions are regulated by the National Credit Regulator and cannot be higher than the numbers approved by this governmental institution.

Rates are also regulated by the NCR, there are also maximum percentages to be established on each loan. However, the interest rate you will get will depend on your income, your credit history, and so on. It is very important that you know ask for loans in reliable companies such as Capfin which since are regulated, they comply with certain regulations and standards that were established to safeguard consumers’ best interests. 

How to Use Capfin Multi Loan Calculator?

If you want to apply for a loan at Capfin but you are not sure as of what amount you can safely ask for, you should definitely take advantage of Capfin loan calculator. When you use this calculator, you enter an amount of money you wish to borrow and you choose from the two options of repayment offered by Capfin. Then, the system automatically tells you how much you would have to pay in instalments to pay off the loan.

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In this way, if you realize that asking for the amount you first thought about would cause you inconvenience, then you should consider asking for a smaller amount. Conversely, if the calculator shows you can easily afford for more, then you’re ready to do so. There are multiple reasons for you to use this loan calculator; the most important one is that it will help you make a more informed decision.

In any case, Capfin will only let you borrow the amount of money that you can safely pay off. This will be established after they study your affordability. Notice that this assessment is only made by reliable credit companies that comply with the norms set forth by the NCA.

How do I know if I Qualify for Capfin loan?

Knowing if you qualify for a loan at Capfin is pretty simple. You will need to fulfill the following 6 loan requirements:

  1. South African documentation
  2. Payslips and bank statements
  3. Have a permanent job and a regular income
  4. Cellphone number
  5. Bank account under your name
  6. Being over 18 years of age

We would also like to address some questions that our readers often ask us about Capfin. The first one is how to apply for Capfin loans. You can do this in three ways:

  • Online
  • By phone
  • In person

Also, we get a lot of comments asking if you can settle the loan before the scheduled repayment period. The answer is yes. You will be able to do this and all you have to do is ask Capfin to give you a settlement quote.

Other readers tell us their loan applications were declined by Capfin and would want to know if they will be able to request one again. If this should happen to you, you should know that you will be able to request again at Capfin, but you will have to wait thirty days before trying again.

What happens if I Skip a Payment on my Capfin Loan?

If you have problems complying with your obligation of paying your loan instalments, you should contact Capfin immediately in order to see alternative ways to pay for your loan. If you fail to inform Capfin about this issue, you will see your credit history affected. So, our advice is that you don’t wait until the very last minute to talk to Capfin to find a solution to this problem. It is important that you always bear in mind that a loan is serious commitment and that it legally binds you to comply with it.

If you are in need of cash to finance someone you need or want, we hope that you consider Capfin. As we have explained in this article, Capfin is a reliable credit company where you can ask for a top up loan. We have also discussed how you can request these loans, what extra costs you should consider and what would happen if you skipped payments. 

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Questions and answers

I finished paying Capfin but I wanted another loan. It doesn't allow me.

The private financial company Capfin offers the possibility to apply for several loans if clients have a positive credit history and are responsible with the payment period. Usually, if they finish paying for an existing loan completely and wish to take another one, they must wait a period of 30 days before starting with the new application process. 

Is it possible to top up my loan with 4000?

Of course, it is possible to do so. The private financial company Capfin offers its clients the possibility to increase their current loan if payments are made on time and the credit history is positive. The company will analyse your economic situation in order to determine if you can take an additional 4.000 rand. 

Will I be able to top up on a loan if I have 2 instalments left?

There is no need to cancel your existing loan completely with Capfin before applying for a top up loan. In other words, clients must make all the payments on time in order to be able to enjoy this benefit. Also, you need to have a positive credit history in order to start with the application process. 

Hi, I have made a payment on my loan. Its my first instalment. Can I apply for a top up loan?

It is really important to make all the payments on time in order to apply for a top up loan with Capfin. However, you can use this benefit without the need to cancel your existing loan completely. The company will inform you via SMS the amount of money available for you to borrow. 

Hi, I'm done to pay my Capfin loan,and I need another loan. What must I do? because I tried to call but I didn't get help.

With the private financial company Capfin, you can take up a second loan if you have finished paying your existing one. Usually, the company will send you an SMS every month confirming the amount of money which is available for you to borrow. If you have not received this message and cannot reach the agents on the phone,  you will probably have to go to a local branch and consult with an advisor. Usually, to ask for a second loan, clients must wait up to a period of 30 days.

How do I top up my loan? I need R2000.

The private company Capfin offers its clients the benefit of increasing their existing loan. That is to say, clients can top up their loan without the need to apply for a second line of credit. Every month, the company will send you an SMS informing the amount of money available to borrow. Depending on your affordability capacity, the company will decide if you can take an additional 2000 rand.

Is it possible to top up my loan with R3.000?

Capfin offers its clients the benefit of increasing their personal loan without the need to request a second one. Also, according to the client's credit profile and monthly income, the company will determine how much money you can borrow to top up your loan. Every single month, Capfin will send you an SMS with the available amount. 

I have a new loan with Capfin. I would like to increase the loan amount. How do I go about doing it?

If you have just obtained a personal loan with Capfin, you have the option to top it up. The financial company will send you an SMS to your mobile phone every month, which will inform you how much money is available to increase your personal loan. The amount will be determined by your income and affordability capacity. 

I'm still paying my loan with Capfin. Can I apply for another loan with them while I'm still paying?

If you are still paying a loan with Capfin, you can consider the option of topping up instead of applying for a second line of credit. The bank informs all the clients about the money available for them to borrow by sending an SMS every single month. Also, you can communicate with the representatives from the bank via the landline phone number to increase your current loan. 

How do I apply for another loan on my Capfin account. My loan is paid in full and does not give me the option to apply for another one?

If you have already paid a personal loan with Capfin and you need more economic aid, you can get in touch with the representatives from the bank and request a second loan. Another option is to operate via online by using the internet banking system. In this way, the application process will be quick and simple. 

I need a loan of R4000.

If you are looking for a personal loan of 4.000 rand with Capfin Bank, it is important to comply with all the requirements such as paperwork and the application form you need to hand in. The bank will study your case and economic situation. Based on the result, your request can be approved or denied. 

How do I apply for a 12 month Capfin loan?

To apply for a 12 month loan with Capfin, all you need is to meet some requirements. It is important to have a clear credit record, favourable economic situation and enough affordability capacity. Also, you must show your South African ID, proof of income, latest payslips and recent bank statements. 

Hi, I applied for a loan in December 2021 .The loan was 2000 rand, I still have a 750 something to pay back. Can I top up my loan?Yes

Definitely, yes. There are no time restrictions as regards when you can increase your loan of 2000 rand even if you still need to pay back 750 rand. Capfin will inform you via SMS the amount of money you can borrow every month. If you have not received any message, you can contact the bank via the landline number and start the process right away. 

Hi, I need to top up my loan with R50000, can I?

Certainly, you can. Please, bear in mind that the financial company Capfin sends all of its customers an SMS informing how much money is available for them to borrow. In case of needing extra funds, you can top up your existing loan instead of applying for a second one. The bank will confirm the maximum amount you can access.

Hi, I have a Capfin loan but skipped one month so I'm paying the last one at end of April. Will Capfin grant me another loan even though I skipped one month? However, I am on track because they debit every month.

Usually, Capfin clients are recommended to be responsible and committed to any financial operation they carry out. If you skip paying an instalment, your credit record may be negatively affected, therefore, the application for a new loan might be declined. Also, you need to show you have the means to afford a new line of credit. 

I already got approved but I HV received money. What could be wrong?

If the process of application for a personal loan with Capfin has been approved but you have not received the money yet, probably, there is a delay with the deposit, or maybe there is a delay with the banking system. The recommendation is to communicate with any agent from the bank via the landline phone number. 

Hi, I made my last loan payment this month. May I have another loan, please?

With Capfin S.A, there is not time limit to apply for another loan as there is the possibility of increasing your current loan. In other words, clients do not need to cancel their existing loan in full in order to apply for an increase. Please, remember to have a positive credit history and make all the payments on time. 

I have a six month loan this is my third month. Can I apply for another loan?

If you have a six month loan and you wish to apply for another loan, the process will be acceptable providing that you have a positive credit history and the necessary means to afford the instalments. In any case, the bank also offers the possibility of topping up your current loan without the need to cancel it completely. 

I need to top up my loan and have not received the sms to show how much I have available to borrow, what should I do?

If you wish to top up your current loan with Capfin S.A and have not received the SMS yet, consider please communicating with any agent from the bank via the landline number. Another option is to carry out your application online via the bank website. The entire process is very easy and accesible.

Hi, I have a Capfin loan for 6 months term and I am about to pay my second instalment but we'll like to settle the account and reapply again. Will they give me a loan?

Capfin S.A offers its clients a wide range of short-term loans with the possibility of increasing the existing ones. In order to apply for it, there is no need to cancel you current loan completely as the bank will inform you via SMS how much money is available for you to increase your loan. 

I want to apply for Capfin top up on my current loan. Where can I apply online for that?

If you wish to apply for a top up loan with Capfin S.A, there are several channels available for you to operate. For instance, you can resort to the company website and start the application process.  You can also communicate with any agent from the bank via the landline number, and last but not least, you can top up your loan via SMS on your smartphone. 

Is it possible for me to get a top up on my current loan? I have 2 instalments left.

Of course, you can.  Every month, Capfin S.A will inform you via SMS how much money is available for you to increase your existing loan. There is no need to cancel your current loan completely in order to enjoy this benefit. If you do not receive the SMS, you can apply for it via the online banking system. 

I need to top up my loan but I don't get options.

To be able to top up your existing loan with Capfin S.A, the financial company will inform you via SMS how much money you have available to borrow so as to increase your loan. If you have not received the SMS yet, you can contact the bank via the landline number or you can apply for the top up loan via the online banking system. 

How can I see if I can do top up loan if everytime the MMI code is not available?

There are several channels to carry out banking operations through which you can request a top up loan with Capfin S.A. You can do the entire process online or via SMS on your smartphone. Also, you can visit any PEP or Ackermans store nationwide. The loan application process via online is secure and accesible.  

I already have an existing loan. Can I top up my loan?

Of course, you can. The financial company Capfin offers a range of short-term loans that are very easy to obtain. Another benefit that the company provides is the possibility of topping up existing loans. There is no need to cancel your current loan completely in order for you to make use of this service. 

How long u have to wait to increase my loan after I got the loan?

There is not a specific time limit for clients to wait before applying for a top up loan with Capitec SA. Once you have been granted a loan, the company will inform you every month the top-up amount which you can access. The only requirement is that you have a positive credit history. 

I am on the last few payment. For what amount can I do a top up?

If you wish to top up your pre-existing loan with Capfin SA, there is no need for you to wait to cancel it before applying. In order to know exactly how much money you can obtain, the company will send you an SMS every month to inform you the top-up amount that is available to borrow. 

Hi, how do I top up my loan via online?

First of all, Capfin will send you an SMS in which it will inform you the amount of money available for you to top up your pre-existing loan. Then, you can complete the application process via online. You need to register and log into your personal profile in the online system and start the application right away.  

If I skip my loan and pay double on the following month and my loan is settled. Will Capfin allow me to borrow another money again?

Skipping the payment of one of the instalmens with Capfin SA will mark a negative record on your credit history which will prevent you from applying for another loan. Therefore, the recommendation is that clients should be reliable and committed to pay all the debts on term. In this way, you will be considered for a new loan. 

Hi, I currently have a loan with Capfin. I want to apply for a loan of R30,000.00, consolidate to pay off all credit, With repayments over 24 months. Please advise, how would I then get a loan?

Capfin SA is one of the leading South African short-term loan providers in which clients can apply for a maximum amount of 50.000 rand to be repaid in a period between 6 and 12 months. So, you can apply for a loan of 30.000 rand but the repayment period should be along six or twelve months. Consider that the company will inform you how much money is available for you to borrow. 

I would like to top my loan with R8000 do I qualify to do so? at an extend monthly installment.

If you wish to top up your loan with 8000 rand at Capfin, please make sure that you receive an SMS informing the amount of money available to borrow from the company. That is to say, Capfin will inform you how much you can increase your current loan.  You do not need to cancel the pre-existing line of credit to ask for this service. 

I owe capfin r1477 do I qualify another loan?

If you owe a payment of about 1.477 rand with Capfin SA, you will qualify for another loan once your debt has been totally cancelled. Please, remember that having debts will imply a negative impact on your credit history which consequently will affect the application process. Now, if you need more money, you can apply for a top up loan.

If you have a loan that you are going to pay for 6 months, after how many months can you apply for a top up after you have paid for 3 months?

There is no time limit with regards the possibility of applying for a top-up loan. That is, every month, Capfin will send notifications on your phone informing how much money you can borrow. In this way you can immediately start your application in order to increase your loan. You do not need to pay off your current debt to get more money from the company. 

Good morning, I left with one month payment can I get a top up loan?

In order to request a top up loan with Capfin, clients should be responsible with their payment plan. That is, if under any circumstances, an instalment is skipped, it is vital to inform the bank so that new alternatives of payment can be arranged, otherwise, your credit history may be negatively affected and you will encounter problems to qualify for any type of credit programs.  

So topping up you using the same method when applying.

That is correct. Capfin has created easy ways for its clients to operate financially without the need to go to a local branch. The procedure to apply for a top up credit plan is similar to the one to request a short-term loan. That is, clients can log into their online profile and ask for more money. The bank will analyse all the details as well as the credit history and will decide if you are eligible for it. 

Can I do a top up online?

With Capfin, clients can apply for a loan in three different ways: online, by phone or in person. That is, you can log into your personal profile on the online bank account and perform all your banking operations including the request for a top up credit plan, which adds more money to your current loan. 

I qualified for a R4700 loan, but took R3000, can I borrow now the 1700 I did not take

If you have already taken out a loan of about R3.000 with Capfin and you wish to get more money, you can top up your existing loan and ask for R1.700. The bank offers its clients the possibility to easily request a short-term loan with a maximum amount of R50.000. The repayment period can vary between 6 and 12 months.  Do notice your earnings and your credit history will determine how much money you can borrow. 

Do I qualify for a top up of R1000 or R500?

A top-up loan with Capfin practically adds more money to an existing loan. To know if you are eligible for an increase, the company will need to perform an analysis of your economic situation. The amount of your earnings and your affordability capacity will establish which rate, R10000 or R500, you will be able to get. 

Can Capfin top up my loan?

If you wish to increase the amount of money that you are borrowing from Capfin, you can do it at no inconvenience. Consider as well that the company will perform an in-depth analysis of your current financial condition and it will also check your credit history to determine if you will be able to afford new instalments. 

Good morning. Can you get another loan if you had a loan already?

If you already asked for a loan at Capfin and you are still paying, you could either ask for a top-up loan or ask for a settlement quote. In the latter case, you would have to pay off the loan before asking for a new one. Capfin will re-assess your credit record and offer you a new loan with new terms and conditions. 

Hi, I am your client and I need a 20,000 thousand loan pls I need to build a house.

If you are a Capfin client, and you meet the requirements to apply for a loan at this institution, then you might be able to ask for R20,000 that you can use to build a house or whatever you want to do with the money. However, Capfin will be able to decide if they can loan you this amount once they check your affordability and your credit record. 

Hi, I've already settled my Capfin loan, but I want to apply again.

If you have already settled a personal loan at Capfin, you have higher chances of getting a new one. Of course, Capfin will verify that you are still able to afford the loan and will ask you to provide all documents you provided the first time you applied for a loan at Capfin.

Hi, I already have a loan with Capfin I would like to top up my loan... is it possible??

If you want to ask for a top-up loan at Capfin, you should talk to a Capfin representative so that they can review your situation. Another option you might want to consider is settling your existing loan and asking for a new one for the amount you have in mind.

I have an existing loan of 3000, is it possible to have another one?

One way to ask for another loan at Capfin when you have an existing one of R3,000 is to ask for a settlement quote. Once you pay the loan off, you will be able to ask for another one. Of course that Capfin will run an affordability check on you once again.

I have a loan with Capfin, is there another loan that I can apply for at Capfin?

Capfin offers only one type of loan; the one you already have. However, you might be able to ask for another one as long as your income and your credit record enables you to do it. Remember that loans at Capfin are of up to R50,000 and the term can be of up to 12 months.

Is it possible for me to increase my loan at Capfin? And how can I do it?

Depending on what is the situation with your standing loan at Capfin, you might be able to ask for a top-up and increase the money of your loan. Generally, this company requests clients to have paid off a certain percentage of the loan. Contact Capfin to ask for your top up loan.

Good morning. I have an existing capfin personal loan with an outstanding balance of R6950. Can I top that loan up?

Capfin is not offering top up loans at this time. What you might be able to do is ask Capfin to prepare a settlement offer for that R6950 you still have to pay for. Once you pay off that loan, you might be able to ask Capfin for a new loan for the amount of money you need.

I would like to settle my capfin loan account and if i do can i make another loan immediately.

If you would like to settle your Capfin loan account in order to ask for another loan, you should contact Capfin in order for them to make you a settlement offer. Once you have that offer, you can pay your loan off and ask Capfin for another loan. Please, bear in mind that you will still need to meet all Capfin requirements.

Hi my name is Shalufikile and I am only one month left to settle my instalment, my question is, do I have to finish the payments to be able to get another loan? and if I have paid up my loan how long does it take to qualify for another loan?

Hi, Shalufikile. Yes, for you to request another loan at Capfin you will need to finish paying your current loan. However, since you only have one instalment left, you will be able to ask for a new loan at Capfin as soon as you make the last payment this month.

I want to increase my existing loan.

In the event you were given a Capfin loan, you should be getting on your phone SMS from Capfin every month by which information about your loan is provided. Within this information, you should be getting an estimate of how much money you can borrow on top of your loan.

I have a loan, and I am left with one instalment to finish it by end of August. Do I qualify to top up?

If you already have a loan at Capfin, you should be receiving SMS every month informing about the amount you can borrow. However, if you are about to finish repaying the loan, you might qualify to ask for a new one. However, at the time you fill in the request for the new loan, you should meet with all requirements set by Capfin.

I want to apply on my loan and I want to know how much is available.

The amount of money that you will be able to add to your existing loan at Capfin will depend on your salary, your affordability and your credit record. Also, the size and term of the loan will also be considered by this company when evaluating how much money they can lend you.

My loan is still pending do I topup?

Top-ups are meant to be an addition to an existing loan, so there would be no problem for you to request one at Capfin. However, bear in mind that you need to be making your repayments on time and that an affordability check will be performed on you to see if you will be able to repay that additional amount of money.

Can I top up with another loan?

Top-ups are an extra amount of money that is added to your existing loan at Capfin. If you need a larger amount of money and therefore another loan, you will have to settle the loan you already have with this company. If you need a top up you can do it online and if you need a settlement quote, you will have to call to Capfin's contact center.

I have applied for a loan but I didn't get the money what could be wrong?

Are you sure you got a confirmation from Capfin saying that the loan was approved? If you are sure that you did, then you will have to contact Capfin to let them know about your situation. If you are unsure, it is likely that the application did not go through and that you will have to fill it out again.

How can i finish my loan and be able to.apply for another loan?

You can request Capfin to send you a settlement quote so that you finish paying your existing loan and be able to ask for a new one. To do this, you will have to contact Capfin over the phone and make the payment through direct deposit, EFT or at a PEP store.

Do i qualify for a top up loan?

For you to qualify for a top-up loan you need to be paying your loan repayments on time, be able to demonstrate that you earn money regularly by providing your latest payslips or bank statements. Also, you need to have a bank account and a phone number so that Capfin can inform you about their decision.

5000 top up loan.

You can try to request your top-up loan online. Remember that for you to do this you should be timely paying your repayment of the loan you have with Capfin. If you do not feel comfortably doing this online, you can contact Capfin or go to a PER or Ackermans store.

Was my application successful?

If you started your loan application online and did not get any message saying that the operation was successful, you might try again. If the application was declined, you should have received a message informing of such situation. If this was the case, you will have to wait thirty days before you can apply again.

Can I get another Loan while I'm still repaying?

If you already have a loan with Capfin, you will not be able to ask for a new one until you finish repaying that loan. However, if you need an extra amount of money, you could consider asking for a top-up to your existing loan. You can do this online.

I am earning a salary of R4200 after deductions can I get a loan at Capfin of R3000?

Apart from your salary, Capfin will determine if they can lend you R3,000 on the basis of your expenses, if you rent, credit history, and other factors. If you can prove that you have regular income from a permanent job or as a self-employed activity, then you would probably be able to ask for that amount of money.

I earn R6200, how much do I qualify for?

Capfin will need more information to come up with a decision as to how much money they can safely lend you. For instance, they will need to know your history of credit, if you have other loans, and if you are permanently employed. However, when you start your online application the system will let you know how much money you can request.

Want to know can I borrow again.

If you are a client of Capfin who has already asked for a loan and finished repaying for it, you can absolutely ask for a new one. Even though you are an existent client, Capfin will have to assess your affordability and check your credit history to see if you are fit to pay the loan back.

Hi I need a top up loan is it possible that I get a 5000 top up?

Capfin will evaluate if you can be provided a top-up for that amount by running an affordability check on you. If you are in good standing with your repayments and your credit score, then you might be able to ask for that amount. You can call Capfin or go to a PEP store to ask for the top-up.

If I only need a top up of R1500.

If you are paying your loan repayments on time, you will be able to ask for a top-up. Remember that Capfin will ask you to provide your South African ID, payslips or bank statements and your cellphone number. In order to request this top-up you can start the application online, send an SMS or go to an Ackermans store.

How do you get a loan if your first loan is fully paid and you need a new one?

If you have fully paid your latest loan with Capfin and have no installments left to pay, then you can ask for a loan renewal. In general, you are not asked to provide all the documents and information that you were asked for the first loan. You can ask for renewal or if you can have a new, different loan.

I need to top up my loan

If you need to top up your loan, there are some companies that enable clients to carry this process out and some others that do not allow it. Capfin allows you to ask or apply for a loan for a maximum of twenty four months, but it does not offer clients the possibility to top up their loans.

Hi I have a capfin loan that I’m still paying and I need a r2000 top up. Is it possible to get it?

Yes, it is possible that Capfin accepts lending you more money but, there are certain conditions to take into account. The bank will examine your financial state to confirm you can pay that top up loan you’re asking. Apart from that, how far have you gone paying your existing loan will also be crucial for Capfin to determine your new loan amount. All in all, you have to submit your application information again to have your response.

I need R5000, is it possible to obtain it?

Hi, yes, the company has a maximum of R 50 000 to offer its clients. You first need to gather the financial documentation stated in the article and then contacting the company to proceed with the application right away. The amount you are asking is a minimum that can be obtainable with no problem.

What is the lowest interest rate available?

It will depend on the loan you have chosen

I’m a member of Capfin. I don't have arrears. How much can I get for a personal loan?

Capfin’s quote starts at just a thousand rands and, finishes at fifty thousand rands. Depending on the amount of money you ask for, will be the repayment period available. If you request up to 8 thousands rands, you must pay the service in 6 months or less. If the amount you borrow is higher, the period expands up to 12 months. There may be special cases in which you may be allowed to have a 2-years payment period.

Capfin borrowed me R 5000 but its not enough. Im asking a top up, can i apply for it?

You can have access at Capfin to a loan of another amount which will mean closing the R 5000 loan you have and asking for a new one

Self employed can apply for the loan?

Capfin enables clients to apply for loans even though they are self-employed as long as they have the latest bank transactions and a guarantee of the loan

I want to top up my loan, how can I do that?

If you have a loan with Capfin, you can’t top up the loan. This entity only grants short term loans with fixed terms. You can try, if you have excellent credit score for instance, to apply for another loan the amount you need. In this case, you must study in detail the cost of each loan and be completely sure you can handle both loan payments avoiding getting in debt.

Hi. I have a 6-month loan with Capfin, can I extend the period to 24 months for R 30000? I really need it to fix my car to get back on the road. Thanks

If you are asking to add money to your loan, I must say that’s not possible with Capfin. You will have to concentrate on repaying what you already got in the first place. Now, if you need to extend the repayment period due to problems with the cancelation of the installments, you need to get in contact with Capfin’s assistance to try to get to an agreement.

Is the company open on Sundays?

No it is not

Hi. I’ve been working for a security company for 3 years, and I also work independently. Can I qualify for a loan?

To start, you comply with the requirements as regards your income as, Capfin demands their clients to have a steady job for at least three months before asking for the money. Guessing that you’re also from South Africa and meet the rest of the requirements, Capitec will pay attention to, the score of your credit to state if you qualify or not. You will be notified about this when you go through the loan application.

I would like to take a loan of r3000, how much would I have to pay monthly?

As you sure know, Capfin only allows to repay that amount over 6 payments. When you borrow R 6000 at Capfin, each instalment to pay is of R 733.48, leaving a total of R 4400.89 to pay for the loan. Of course, this is only an approximate cost as, the final rate and fees are established when you process the application.

How much will I pay for a r2500 loan? if I pay it over 2 years, would it be R300 per month?

Capfin’s loans work in a different way. This company has some fixed terms already stated. For a loan amount less than R 8000, you should cancel it in a maximum period of six months. So, you won’t be capable of extending that debt over 24 months. If you take R 2500 to cancel in six months, the payments would be around R 625.07 each month. Only if your quote is higher than R 8000, Capfin may allow you to repay it in 2 years.

After I pay one or two installments at Capfin, Can I ask to add some money to my loan?

This lending company isn’t known for offering top-up loans, as their main products are short term loans. Either way, with companies that do grant this service of adding money to the existing loan, paying only a couple of instalment won’t be sufficient to be approved for a top-up loan. The company will first make sure you show a responsible payment behavior before accepting increasing the amount.

I have an existing loan. I want to increase it, Is it possible?

As we have explained in the article, Capfin doesn’t increase loans already granted. That’s why it’s important to calculate how much money it’s needed before closing the deal. All you can do is to focus on finishing paying the instalments left of your loan. After that, you will have the chance of thinking about a new loan, if you really need more money.

I would like to top up my current Capfin loan, what do I have to do?

Unluckily, Capfin’s clients don’t have that service available. Once you apply for a certain amount and, that amount is approved and granted, there’s no chance of increasing it. You will have to finish paying and then, as long as you qualify, you may ask for a second loan. I must remind you that sometimes you have to wait 1 or even 2 years before taking up another loan.

I need R35000, can Capfin help me?

Yes, if you are South African and work, you can fill in the application form and submit the documents to help Capfin assets on your affordability. When you’re approved, you will receive the funds in less than 2 business days after the confirmation of the request. Provided that you qualify for the amount, you may get up to R 50000.

Can I get a loan if I still have one with Capfin?

The chances of having a second loan approved is not high if you haven’t finished paying for the previous one. What’s more, when canceling the loan, some banks require their clients to go over a free of loans period before granting them another one. It’s always a better alternative to cancel the current loan before borrowing more money.

Can I pay online?

Yes, you are allowed to do that

I’m a member of Capfin and I want to top up my personal loan to clear all my accounts so that I can only pay Capfin the personal loan only need 50000

It’s not possible to add up amount to your Capfin loan. However, you can take advantage by consolidating your debts into just one. If you decide to take this kind of loan, the bank will lend you money to pay off all your debts and then, you’ll just have to worry about repaying only one debt

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