Pep Capfin Loans are fast-processing personal loan solutions designed to help individuals through financially challenging moments. Capfin is a financial institution that offers technologically-driven, cost-effective and accessible financial service products and solutions to South Africans. In partnership with Pep stores as well as Ackermans stores nationwide, the institution provides personal loans at competitive rates.
What are the benefits of Pep Capfin Loans?
You get up to R20 000 in finance to use for your short term needs. How you use your loan is completely up to you. You can start a small business, or pay for rental expenses, pay for your child’s school fees or pay for a medical bill.
You get a flexible and reasonable repayment period of 6 or 12 months. You are given a reasonable amount of time to repay the loan.
You don’t have to wait in long bank queues and can save time. The application process is fast and best of all – convenient.
You can apply by simply visiting any of the over 1500 Pep branches nationwide. Head to the till-point with your valid South African I.D and your latest payslip. Get these items scanned at the till and provide your active cellphone number.
A credit assessment will be done by Capfin.
You can expect to get a response within 5 minutes.
Once approved, the loan will be finalised and the loan amount will be agreed upon. You can then accept or decline the loan amount.
If you accept, the funds will be transferred into your account immediately.
Capfin is a registered credit provider and endorses responsible lending practices. Loans are only granted to individuals who can afford to make repayments comfortably. With Capfin you are assured that all processes are in line with NCA regulations and that interest rates charged don’t exceed those set out by the National Credit Regulator.