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How to Know if Your Capfin Loan has Been Approved

By Oluchukwu Ikemefuna

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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. 

Capfin Loan

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.

What is Capfin?

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. 

Perks of a Capfin Loan

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:

  • Capfin offers an easy application process with no hidden fee or interest rate.
  • They can also obtain your bank statements directly from your bank, so you do not have to go through that hassle.
  • Then, you will have unrestricted access to your loan account once it has been created.
  • Overall, you can find Capfin at any Ackermans or Pep store in South Africa. 

Requirements for a Capfin Loan

In order for you to proceed with the loan application process, you need to have some necessary documents ready, and these documents include:

  • A valid means of South African identification.
  • A cell phone number.
  • A South African bank account number.
  • Your bank statements or document containing your last three paychecks.

How to Know the Loan you Qualify for

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:

  • The first step is to apply for a loan on their website.
  • Next, you have to insert the necessary documents.
  • Then, the credit provider will complete all necessary credit and affordability checks for you.
  • After doing all the checks, Capfin will give you a suitable loan offer, depicting the type of loan plan you qualify for, including the amount and the terms.

How to Apply for a Capfin Loan

There are numerous ways you can apply for a loan. Check out some seamless ways you can apply:

  • You can apply for a Capfin loan by simply going to their official page here and following the necessary prompts.
  • Another way you can apply for the loan is by dialing *134* 6454# 
  • You can also apply by sending your South African ID number to 33005.
  • Then, you can dial 087 354 0000 to apply for the loan.
  • Yet another way to apply for the loan is by visiting any PEP or Ackerman store.

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.

How to Know if your Capfin Loan has been Approved

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. 

Frequently Asked Questions

1. Can I apply for a Capfin loan if I am self-employed?

Yes, you can, as long as your company pays your salary to your personal South African account.

2. Which other language can I apply for a loan in?

Upon request, loan documents are available in English, Sesotho, Isizulu, Isixhosa, and Afrikaans.

3. Can I qualify for a loan if I am a grant beneficiary?

According to Capfin, grant beneficiaries do not qualify for their loan.

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Peremoboere Numa
Peremoboere Numa

Pere is a versatile SEO writer with a Master's degree in English, who is dedicated to creating engaging and impactful content.

She excels in weaving content that not only informs, enlightens and impacts but but also optimize its online presence to rank on major web sites.

Pere brings a unique blend of linguistic proficiency and SEO knowledge, ensuring that each piece she crafts leave a lasting impact.

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