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Getting your Capfin loan approved can be an exciting yet nerve-wracking process and knowing if your loan has been approved or not is even more so.
Whether you’re looking to buy a new car, start a business, or purchase a home, knowing your loan status is an important stage in your loan application process.
Sometimes, in the loan application process, deciphering whether your loan has been approved or not can feel like a mystery but Capfin offers very simple ways to know if your loan has been approved.
In this article, we’ll break down the steps you can take to determine if your Capfin loan has been approved, making the process as clear and simple as possible.
Capfin is a fintech company that provides financial services for citizens in South Africa.
It is a division of Pepkor Trading Limited, which started in 2010, and has been tagged as one of the best registered credit providers and authorised financial service providers in South Africa.
They offer affordable loan plans of up to R50,000 with a repayment time frame of between 6 months and 1 year.
Apart from being tagged as one of the best registered credit providers in South Africa, Capfin provides different perks during the loan application process. Here are some of the perks of their loans:
In order for you to proceed with the loan application process, you need to have some necessary documents ready, and these documents include:
Capfin has simplified the loan application process to the extent that they can find the perfect loan plan that is suitable for you. In order to know the loan plan you qualify for, go through these steps:
There are numerous ways you can apply for a loan. Check out some seamless ways you can apply:
After your loan has been approved by Capfin, the credit will be paid into your South African account within 2 business days.
Note that your loan approval will depend on your affordability assessment and the terms and conditions of Capfin’s policy.
There are two ways to check your loan approval status:
The first is to call their help desk at 087 354 0000 and inquire about your loan status.
Then, the second is to dial this code, *134* 6454# and receive your loan application status immediately.
Finding out if your Capfin loan has been approved isn’t complicated at all.
Then, by following the steps outlined in this article, such as calling their helpdesk, dialling the code, and monitoring your credit report, you can gain clarity on the status of your loan.
Remember, patience is key, and even if your loan isn’t approved right away, there are often steps you can take to improve your chances in the future.
Yes, you can, as long as your company pays your salary to your personal South African account.
Upon request, loan documents are available in English, Sesotho, Isizulu, Isixhosa, and Afrikaans.
According to Capfin, grant beneficiaries do not qualify for their loan.
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