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Pep Capfin Loan

  • Short-term Loans up to R4,000
  • Low-interest up to 29.25%
  • Repayment up to 12 months

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Pep Capfin Loan homepage
Author Pep Capfin Loan. Screenshot of Pep Capfin Loan website.
[Accessed July 19, 2023]

About 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.

Pep Capfin Loan Services

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.

Pep Capfin Loan – Short-term Loan

  • Loan Type Short-term Loans
  • Interest Rate 29.25%
  • Loan Amount up to R4,000
  • Repayment 12 months

Benefits of Pep Capfin Loan

  • Affordable short-term loans
  • Low-interest rates
  • Easy online application

Short-term Loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This short-term loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

Apply for a PEP Capfin loan: Hassle-free process at PEP stores and online

Applying for a PEP Capfin loan is a simple and convenient process, whether you choose to apply at PEP stores or through the online Capfin application.

To ensure a smooth application experience, it's important to understand the eligibility criteria and have the necessary documents ready.

The step-by-step guide process to help you through the application

Eligibility for a PEP Capfin loan

To be eligible for a PEP Capfin loan, you need to:

  • be a South African citizen or have a valid South African ID
  • be at least 18 years old
  • have a valid bank account and a valid cellphone number
  • provide your three latest payslips or three latest bank statements

Two ways to apply for your PEP Capfin loan

Option #1: Application at PEP Stores

  1. Visit any PEP or Ackermans store nationwide.
  2. Bring along your valid South African ID, three latest payslips or bank statements, and proof of a valid bank account and cellphone number.
  3. The store representative will scan your documents using FICA devices.
  4. Your application will be sent to Capfin for processing.
  5. Capfin will contact you regarding the status of your application.

Option #2: Online Capfin Application:

  1. Visit the Capfin website which you can access below
  2. Click on the "Apply Now" button.
  3. Fill out the online application form with your personal details, including your ID number, employment information, and contact details.
  4. Upload the required documents, such as your ID, payslips, and bank statements.
  5. Submit your application online.

Documents to have on hand before you apply

To complete your PEP Capfin loan application, make sure you have the following documents ready:

  • Valid South African ID.
  • Three latest payslips or three latest bank statements.
  • Proof of a valid bank account.
  • Proof of a valid cellphone number.

By following these steps and having the necessary documents ready, you can easily apply for a loan either at a PEP store or through the online Capfin application.

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Pep Capfin Loan is a trusted & reliable provider of short-term loans

In our review, Pep Capfin Loan adheres to the compliance criteria in accordance with the National Credit Act, where the granting the loan will not cause financial distress to the consumer.

✅ Pep Capfin Loan is a registered credit provider in South Africa: NCRCP13053

Pep Capfin Loan Contact

Physical Address

  • Shop 9 Parow Shopping Centre Corner Voortrekker Road, De La Rey St Parow Cape Town 7793 South Africa
  • Get Directions

Opening Hours

  • Monday 09:00 – 18:00
  • Tuesday 09:00 – 18:00
  • Wednesday 09:00 – 18:00
  • Thursday 09:00 – 18:00
  • Friday 09:00 – 18:00
  • Saturday 09:00 – 18:00
  • Sunday 09:00 – 18:00