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Capfin Loans | www.capfin.co.uk Reviews

Capfin Loans

Intro…

Capfin is another industry newcomer for 2017 although they had been planning a local launch since 2015. This team has been trading in South Africa since April 2011. They would in time also spread out to Australia. Their South African ties relate to the owner (Steinhoff International Holdings NV). Their German/African switch went ahead when Claas Daun and Markus Jooste came together and fused GommaGomma/Steinhoff. If you are unfamiliar with Steinhoff International, this furniture and household giant controls Bensons for Beds and Harveys Furniture as well as Poundland that was acquired for £610 million back in 2016. Financial services isn’t their area of expertise, but this project has worked out well for them so far.

About…

Brand: Capfin (aka: Cap Fin).
Company: Capfin Ltd (subsidiary of Steinhoff International Holdings NV).
Founder: Unknown.
Launched: 2017.
Licence: 664100.
Offers: Instalment.
Opening Hours: Monday to Friday (9am-5.30pm).
Other Projects: Non.
Web: www.capfin.co.uk.

Contact…

Address: Witan Gate House, 500-600 Witan Gate West, Milton Keynes, MK9 1SH.
Email: info@capfin.co.uk.
Phone: 0203 887 6337.

Popularity…

Alexa Rank (Local): No ranking.
Facebook Page: No page.

Pricing…

£162.30 /£300 (6m).

Product…

Amounts: £200 to £500 (new applicants).
Amounts: As above (when reloaning).
Amount Selections: £25 increments.
Late Payment Fee: £0.
Terms: 6 months.

*No notes.

Service Pros…

The £162.30 per £300 6 month charge here is competitive. This deal sneaks into the top 10 of all instalment brands. They are a little cheaper than both Auden and Fernovo who each also arrived in 2017. Auden was however a rebrand of Uberima. Low pricing is always the key feature to look out for and this fuses well with higher acceptance rates. Whilst they are thorough with credit checking through Equifax, it does highlight in the FAQ that they do consider applicants with a CCJ. This is usually a big red flag with most established providers. There is no specified income wage as well and so acceptance with bad credit would appear likely.

Should any repayment problems occur then there will be no late payment fee charged. From our experience, their support team was friendly and responsive. After sending an email for clarification on a few things, they were very quick to get back to us. There have been many new firms popping up across the 2017 year, expanding an already crowded market. This company stands out amongst the many newcomers for the level of backing and support they have from their owner. They have already proved their credentials across South Africa where they have pushed aggressively and benefited from TV ad campaigning over the years. Those heavy ad spends are expected to follow here.

Service Cons…

Their service has been proven overseas, but the UK sector is much more competitive. They as noted have the potential to challenge and so we’ll have to report back on their progress. As it stands, they haven’t made an impact on the web traffic front as has been achieved through other newcomers, notably Track Loans. As far as the product specs stand, more term flexibility would be ideal to see. There is actually a 12 month option on their loan calculator that is blacked out and so this may well be added soon. Larger borrowing sums than £500 would be expected over the term offered and then you’d also prefer to see weekend funding in place.

Similar Lenders Like Capfin…

Auden and Fernovo were each noted above due to their freshness and similar ballpark pricing. The term flexibility is much improved on those sides with Auden’s term range spanning 7 days to 12 months and Fernovo’s is 1 to 6 months. There are endless further alternatives with all kinds of varied features. We’d advise checking out our main instalment comparison page to pick out specific features of interest. You can compare more than 50 dedicated brands that shows how much choice there is out there. The king at the very top of the tree is of course Wonga who this featured firm has already competed with through their SA division.

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