Guiding consumers since 2009

Capfin offers one month interest free loan

By Jessica Anne Wood

Capfin is offering interest free loans to a maximum amount of R4,000. This was brought to Justmoney’s attention through a point of sale material in PEP, one of Capfin’s partners

Danie Du Toit, group operations director at Capfin, explained to Justmoney: “The maximum possible amount is R4000, per the grid in the advertisement. Individual limits depend on affordability and Capfin’s credit criteria.”

The loan is repayable within one month. There is no interest charged on the loan, however, there is an initiation fee. (See the table below)

Du Toit elaborated: “Per the advertisement there is only a once off initiation fee equal to 10% of the loan amount.  Capfin will not charge additional fees or interest if the instalment is not paid within one month.”

According to Du Toit, anyone that meets Capfin’s credit criteria and affordability assessment qualifies for the product. He added: “There is no alternative 1-month product in the market that offers the fee structure that we do.

 Handy tip: You can apply for a personal loan through one of Justmoney's partners here.


The loan

In order to apply for the loan, you are required to present your I.D. document, as well as three months’ worth of proof of income. According to the Capfin advertisement, they will get back to you in five minutes to inform you whether or not you have qualified for the loan.

You can apply in-store at Pep for this Capfin loan.

For more information on Capfin, click here.

  Further reading:

Recent Articles

Featured Are you entitled to your spouse’s pension after divorce?

Divorce means more than just parting ways with your partner. It may also involve parting ways with your assets. The Divorce Act states that your retirement fund forms part of your assets. This means that it will be considered when dividing up your assets.

Retrenched – what payments are you entitled to?

In the current struggling economic climate, retrenchments are a regular occurrence and not everyone survives the cut. If you find yourself on the receiving end of retrenchment you may have questions about the payments that are due to you.

Do you want to settle your debt?

You may be considering settling your credit account, whether it’s a credit card or various store accounts, now may be as good a time as any. This especially if you have saved, or you received a tax return or salary bonus. 

Can you afford a personal loan?

Taking out new debt is not always a choice. However, if you’re not pressed by a medical emergency or an unforeseen disaster, it’s worthwhile considering whether you can actually afford it. But what does it mean to “be able to afford a personal loan”? What percentage of your income should you not exceed dedicating to it? 


Builders Black Friday Special

Price: R5000
When: Until 29 November 2019
Where: Online

Café Rousse Monday Special

Price: Available on request
When: Mondays
Where: Nationwide

Skye Bar Mojito Special

Price: R55
When: Until 31 December 2019
Where: Johannesburg