Pep Capfin Loan

PEP is a renowned retailer in South Africa, with a rich history and a strong presence in the market.

Established over 100 years ago, PEP has become a household name, offering a wide range of clothing and general merchandise products. With 4,809 stores and 37,100 employees, PEP has the largest retail store footprint in southern Africa. But PEP's reach goes beyond clothing and general merchandise.

Expanding into various sectors for maximum growth

• Furniture, appliances, and electronics: PEP excels in this sector, employing 5,700 individuals across 888 stores, accounting for 14% of its total revenue.
• Building materials: PEP has a significant presence in the building materials market, with 133 stores and 5,700 employees, contributing 10% to its total revenue.
• FinTech: PEP has ventured into the FinTech sector, serving as a platform for approximately 202,000 Flash traders and generating 10% of its revenue.

Evolution and expansion to meet your changing needs

As the biggest single-brand retailer in Africa, PEP continues to evolve and adapt to meet the changing needs of its customers. In addition to its core product range of clothing and footwear, PEP has expanded its offerings to include homeware, cellular services, and value-added services such as bill payments and parcel delivery.

The recent addition of Dealz brings sought-after brands and quality products at affordable prices, further enhancing the PEP shopping experience.

A winning partnership: Quick and convenient PEP Capfin loans

PEP has also formed a valuable partnership with Capfin, a registered credit provider, to offer financial services to its customers. Through this collaboration, you have access to Capfin loans, providing you with the financial flexibility you need. Whether it's for unexpected expenses, managing cash flow, or seizing opportunities, PEP Capfin loans can help you meet your financial needs conveniently and affordably.

Seamless access to market-leading credit products

Capfin loans are designed to be easily accessible and transparent. Customers can apply for a loan at PEP stores or online through the Capfin website. Capfin's efficient systems enable quick processing and approval of loan applications, ensuring that customers can receive the funds they need promptly.

The availability of Capfin loans enhances the shopping experience at PEP, allowing customers to address their immediate financial needs while enjoying the convenience of a one-stop shopping destination. This strategic partnership reflects PEP's dedication to providing holistic solutions and serving as a trusted partner in their customers' lives.

If you need a short-term loan, PEP Capfin loans are an affordable and easy-to-manage option that you may want to consider.

With loan amounts of up to R50,000 and repayment terms of either 6 or 12 months, a PEP Capfin loan provides a transparent and straightforward option with no hidden costs.

These loans are conveniently available at any PEP or Ackermans store nationwide, making them accessible for individuals across the country. The affordability assessment process takes into consideration the best interests of customers, ensuring responsible lending practices.

Transparent costs and flexible terms with PEP Capfin loans

If you choose a 6-month repayment term and borrow R4,000.00, the maximum interest rate would be 5.0% per month. Additionally, there would be an initiation fee of R535.00 and a maximum monthly service fee of R69.00.

The maximum monthly instalment for this loan would be R957.00, and the total amount repaid over the loan term would be R5,744.00. Alternatively, if you opt for a 12-month repayment term, the maximum interest rate would be 29.25% per annum.

The initiation fee and monthly service fee remain the same, but the maximum monthly instalment would be lower at R508.00. The total repayment amount for the 12-month loan term would be R6,097.00. It's important to note that all figures mentioned include VAT at the prescribed rate.

PEP Capfin loan products

A PEP Capfin loan offers flexible loan products tailored to suit your needs. Whether you require a loan for unexpected expenses or to cover other financial obligations, a PEP Capfin loan has you covered.

Why choose a PEP Capfin loan

• Easy application process
• No hidden fees and interest rates
• Convenient access to your loan account 24/7
• Loan balance is written off in the event of the client's death
• Allows you to pay for unexpected expenses
• Available at any PEP store nationwide

Please note that the information provided here pertains specifically to the short-term loans available at PEP.