Capfin Short Term Loan

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Loans of up to $2,000 from Capfin Money.

With a loan from Capfin Money, customers can apply for finance up to $2,000.

$2,000

Maximum loan amount

Overnight

Turnaround time

$396

Fortnightly repayment
for $1,500 loan

6 to 12 months

Term of loan

Details

Quick note

Capfin Money was previously known as Capfin Direct.

How does borrowing from Capfin Money work?

These loans are available up to $2,000. Applicants will be contacted by email or SMS if their application is approved. Once someone receives confirmation, their funds will be transferred into their bank account by 3pm on the next business day.

Loan customers then repay the loan as per their loan schedule and manage their repayments via their online account. Customers can apply to refinance their loan as long as their account isn’t in arrears and they have sufficient repayment history.

Features of a loan from Capfin Money

A loan from Capfin Money comes with the following features:

  • Straightforward application. Customers can apply online and submit all of their documents electronically. They can also upload their photo ID on the website or send it by MMS or email.
  • Bad credit applicants considered. A credit check will be conducted, but customers can still apply if they have bad credit, as long as they're not currently bankrupt or under a Part 9 Debt Agreement.
  • Fast turnaround time. Once approved, applicants could receive their loan by 3pm on the next business day.
  • Range of loan amounts available. This loan is suitable for a range of needs, as customers can apply for between $500 and $2,000.
  • Online account management. Successful loan applicants can manage their loan account online using the Capfin Money online account. They can also update their details and view their loan statements on the platform where needed.

How much will the loan cost?

The following fees apply to loans of less than $2,000:

  • 20% establishment fee
  • 4% monthly fee

Are Capfin Money loans safe?

Capfin Money provides detailed information on its land company on its website. Customers can find contact information, details of Capfin Money’s dispute resolution policy and their credit licence number online.

Applications

Eligibility

Applications are available online. Prospective applicants should first make sure that they meet the following eligibility criteria. Applicants must:

  • Be an Australian citizen or permanent resident
  • Be over the age of 18
  • Earn $500 or more a week into a bank account
  • Not currently bankrupt or under a Part 9 Debt Agreement.

Required documents

The above information will need to be submitted in the form of the applicant's personal and financial details. So customers will need to submit the following documents when submitting their application:

  • Photo ID
  • Last 90 days of their bank statements (can be submitted through Credit Sense by providing bank logins)
  • Centrelink statements (if applicable)

Prospective applicants should always compare loans thoroughly prior to submitting an application in order to ensure that they are applying for the best possible product for their circumstances.

⚠️ Warning about Borrowing

payday-warningDo you really need a loan today?*

It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.

Check your options before you borrow:

  • For information about other options for managing bills and debts, ring 1800 007 007 from anywhere in Australia to talk to a free and independent financial counsellor
  • Talk to your electricity, gas, phone or water provider to see if you can work out a payment plan
  • If you are on government benefits, ask if you can receive an advance from Centrelink: Phone: 13 17 94

The Government's MoneySmart website shows you how small amount loans work and suggests other options that may help you.

* This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.

Financial hardship

If you're experiencing financial hardship and would like to speak to someone for free financial counselling, you can call the Financial Counsellors hotline on 1800 007 007. It is open from 9:30am to 4pm, Monday to Friday. When comparing short term loans, ensure you take into consideration any fees, charges and rates you may be charged. It's important to weigh up all your options before applying for any form of credit.

Ask an expert

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6 Comments

  1. Default Gravatar
    Who will give me 300 loan bad credit
    January 21, 2019

    Who will give me a short term loan of 200 with bad credit

    • Avatarfinder Customer Care
      John
      January 22, 2019

      Hi Who will give me 300 loan bad credit,

      Thank you for reaching out to finder.

      Please click on this link to be routed to our page on “Fast Cash online”. You will see a list of lenders that you could reach out to with regards to your query. There is also a calculator near the bottom of the page for you to estimate your repayment of the amount you wish to loan. Kindly review and compare your options on the table displaying the available providers. Once you have chosen a particular provider, you may then click on the “Go to site” button and you will be redirected to the provider’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. Hope this helps!

      Cheers,
      Reggie

  2. Default Gravatar
    Suresh
    October 22, 2018

    Why need Caveat Loans?

    • Avatarfinder Customer Care
      John
      October 22, 2018

      Hi Suresh,

      Thank you for leaving a question.

      Caveat loans have multiple purposes when borrowers take them out. A couple of examples are shown below:
      1. Purchasing real estate
      2. Other major business purchases
      3. Improving cash flow
      4. Business development
      5. Renovations
      6. Paying off business debt

      Hope this helps!

      Cheers,
      Reggie

  3. Default Gravatar
    Cyrus
    September 27, 2016

    I cant login thru capfindirect ?

    • Avatarfinder Customer Care
      Matt
      September 27, 2016

      Hi There Cyrus,

      You’ve come through to finder.com.au. We’re an online comparison site, and not CapfinDirect.

      To deal with any login issues with CapfinDirect, it would be best to get in contact with them directly.

      Best of luck!

      Cheers
      Matt

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