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 What to do when you’ve been denied a home loan

After months of scanning property sites and attending showhouse after showhouse, you’ve finally found what you’ve been looking for. But your dream of owning a home comes crumbling down when you receive the news that you’ve been denied a home loan. So, what now?

Can your retirement annuity be used as collateral for a loan?

If you have a retirement annuity, you may have wondered whether you can use this as collateral when you take out a loan. We decided to do the leg work and find out whether this is possible or not.

Best travel cards offered by top South African banks

Planning a trip abroad involves a lot of administration. You need to consider travelling arrangements, reasonable accommodation, and a daily itinerary. But have you considered how you’re going to pay your bills once you arrive? Besides considering bank costs, you also need to consider exchange rates.

Best ways to save your money short-term

For many, it seems close to impossible to save when spending on holiday getaways, Christmas gifts, while also trying to ensure there’s money left to survive January. Justmoney takes a look at the best ways you can save during the short term.


Marble Gift Card Special

Price: From R1000
When: Until 25 December 2019
Where: Johannesburg

Trennerys Hotel and Camping Januworry Special

Price: R950
When: From 10 to 31 January 2020
Where: Centane (Eastern Cape)

Bakwena Standard Packages Special

Price: From R999
When: Until 31 December 2019
Where: Nationwide