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How long does Capfin take to approve a loan?

Annelise Sylta



If you need a loan from Capfin, you might be wondering how long does Capfin take to approve a loan? We thought you might wanna know and get ahead of the game — so we checked it out for you.

Capfin was started with an aim to provide affordable loans and services to its customers. Capfin is a division of Century Capital (Pty) Ltd, a registered South African credit provider. Capfin’s roster number with the National Credit Regulator is NCRCP74. The process of getting a loan from Capfin is extremely straightforward, especially if you fit the profile of how they do business. Check all the details here.

Signing a paper for loan proceedings

How much time does Capfin take to approve a loan?

The process to grant a loan might take a few business days; it also depends on how quickly you present the required documents to Capfin. The company requires various documents to verify your loan application and also to estimate the amount of loan that can be granted. The time taken to approve the loan after the completion of all the formalities will depend on the authenticity of your documents. After the final approval of the loan, the amount will be in your account within 48 hours.

 List of things you must have before applying for the loan

  • You should have a valid identification of South Africa. 
  • Three latest pay slips and Three tardily bank statements are needed for checking.
  • You must have a permanent earning source. 
  • A current mobile number. 
  • A valid bank account in any of the African banks. 
  • The person applying for the process must be 18 or more to apply for the loan. 

How do I know that the Capfin loan is approved?

The Capfin team will contact you and will also send you a message if your loan has been approved.

What is the amount of loan can get?

Capfin grants a maximum of R50 000 loan. But the amount of loan that can be granted a loan application will depend on the result of the affordability assessment that you will have to take.

How do I apply for a loan with my phone?

You can apply for the loan on their website using the ‘Apply Now’ option and follow the steps as indicated.

How many days does it take to reapply for the loan; if it gets rejected? 

One can only apply after 30 days. In case your request for loan approval has been denied by Capfin, you have to wait for the mentioned stretch before reapplying, or they will deny it again.


Hope this post addresses your questions and explains the steps involved in getting your loan approved at Capfin.

Anne Lise is an MBA graduate with a passion for doing business research and fashion reviews. She has been with Busybodytribune for over 4 years now, and is the lead editor for the magazine.

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