Capfin is one of the best and most reputable South African financial services providers that provides unsecured long-term personal loans and short-term loans. They are one of the best loan providers you can meet if you need quick cash to meet financial urgency because you can easily apply any time of the year. The two most frequent questions potential borrowers ask are, “How to check Capfin loan statement and How do I know if my Capfin loan is approved.”
At Capfin, you can borrow fast and easy loans for up to R50,000 online without paperwork or collateral. Capfin loans are easy to access, and the entire process is done online. In the article, we will be digging deep into explaining how you can check Capfin loan statement and how you will know when your Capfin loan is approved.
How To Check Capfin Loan Statement
There are four ways you can check Capfin loan statement. They are as follows:
1. Through the Website
This is one of the hassle-free and straightforward ways to check Chapfin loan statement. The first thing to do is to visit the Capfin official website. After the site has opened, the next thing is to check for the “Login” button on the front page. When you locate it, click on it. If you did not see it on the front page, it indicates that the URL is wrong, and you should cross-check the URL again.
A blank box will appear when you click the Login button. Simply input your SA ID number in the blank box. Your SA ID number is the same number you used during the registration. Ensure the number you registered with is still available, as you will be sent an OTP as a text message for verification. Enter the OTP number into the box, and you will instantly be granted access to your account. Once the dashboard is displayed, the balance of your loan amount, including other details will be displayed.
2. Through USSD
Chapfin is aware that many people cannot afford a smartphone. As such, they make provisions for people to check Capfin loan statements through USSD. This is the fastest and easiest way to check Capfin loan statement. All it requires is dialing *134*6454#. Some options will be displayed to you after dialing the code. The next step is to choose the appropriate option from the many available options, and your loan statement will be displayed.
3. Through a Phone Call
One of the simplest ways to check Capfin loan statement is by making a phone call. To make a phone call in this regard, enter the number +27 87 354 0000 on your phone and dial it. A customer care attendant will be available to attend to you. The customer care agent will ask you for details about yourself to help them access your account and check for your loan statement. You will get a reply after a few minutes on the status of your loan statement.
4. Through a Message
One last way to check Capfin loan statement is via a text message. You can send a fax at 086 688 0000 or an email to info@capfin.co.za.
The four stated ways are all approved ways to check Capfin loan statement. Your preference will determine which you will go for. The major thing is that all the options will help you to arrive at your desired result.
How Long Does Capfin Take To Approve A Loan
There is no specific duration on the length of time Capfin takes to approve a loan. It normally takes 15 minutes to 24 hours for Capfin to approve your loan. In some certain cases, it might take 48 hours. The length of time differs and depends on factors such as application volume, credit history, accuracy of information, amount of loan requested, and employment status.
The volume or frequency of loan applications differs. During peak periods, such as special promotions or holidays when the volume of loan applications is high, the approval time is usually longer and may extend to 48 hours. If you have a good credit score, your approval time might be shorter. This is because your credit score shows you are a responsible borrower, which makes you attractive. If you have a poor credit score, it will take Capfin extra time because they will spend more time assessing the risk level.
Any error or discrepancy on your loan application can cause delay as Capfin will take extra time to seek clarification. The higher the amount you want to borrow, the longer the approval time, as Capfin needs to analyze the risk level. Lastly, your employment status will determine the length of your approval time. If you are employed with a regular source of income, it will take a shorter time for your loan to be approved. If you do not have a steady income, it might take time for Capfin to see yes, as they will take their time to analyze the risk level.
Capfin Balance Check Number
To check Capfin balance via number, simply call the customer care center at 087 354 0000 or dial the USSD *134*6454#. After checking your balance, it is advised you make the remaining payment before the expiry date. Below are the ways through which you can make your payment.
- EFT
- Direct Deposit
- Pay@ is available in any PEP Store
How To Check My Capfin Loan Balance
If your Capfin loan has been granted, there is a need to periodically check your Capfin loan balance. To do that, kindly follow the steps below:
- Visit https://www.capfin.co.za
- Go to the top right-hand corner of the screen and click on the login button
- Input your SA ID Number
- An OTP code will be sent to your registered phone number
- Input the OTP code, and you will automatically log into your account.
Conclusion
Capfin is one of the best loans to go for as a South African because it allows you the convenience to apply online at any time of the year. To check your Capfin loan statement, you can choose between going through the website, phone number, text message, or USSD code. All of the options are viable and good. It all depends on your preference and what works best for you. You can always contact the Capfin customer care service if you need more inquiries on issues relating to their loan service.
