Capfin Loan App - SIM & CALC

Capfin Loan App - SIM & CALC is an independent, unofficial Android app: a loan simulation, calculator and guide about Capfin personal loans in South Africa. It covers the part of borrowing that happens before anyone signs: working out an instalment, and understanding the words a credit agreement uses.

What the app does

The developer describes it as a loan simulation, a calculator and a complete guide. You supply the figures, the app does the arithmetic, and the guide explains the vocabulary. All figures are estimates for planning only; the developer says to confirm the actual terms with Capfin directly.

What it does not do

It is not an official representative of Capfin and is not affiliated with, endorsed by, or connected to Capfin, nor with any government body. It does not offer loans and cannot be used to apply for a loan: it does not process applications, disburse funds, check application status, or access any account. There is no account, no login and no personal data. Never type an ID number, a bank account number, a password or a one-time PIN into any third-party app or website.

Key facts about the programme

• A personal loan in South Africa falls under the National Credit Act, and only a provider registered with the National Credit Regulator may grant one.
• Before credit is granted the provider must run an affordability assessment: verified proof of income plus your credit bureau record. Credit granted without one can be found reckless.
• What a lender may charge is a closed list: principal debt, an initiation fee, a monthly service fee, interest, credit life insurance, and default or collection charges. Several are capped by regulation, and the caps are revised.

Every number is an estimate for planning, not a quotation and not an offer of credit. Your pre-agreement statement and quotation from the lender states your real cost. Apply only through Capfin's own official channels, and check a provider's registration and the current caps with the National Credit Regulator at https://www.ncr.org.za. The Capfin name is used descriptively.