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  Capital Bank Auto Loans

Capital Bank Auto Loans

in Auto Loans from Capital Bank

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Capital Bank Auto Loans

Unaffiliated

in Auto Loans from Capital Bank

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Highlights
Credit Score Range 649 - 740
Loan Amount N/A
APR  (Fixed APR) 4.00% - 9.50%
Loan Term (Months) 48 - 60 months

Capital Bank Auto Loans Review

Capital Bank Auto Loans is offered by Capital Bank, a bank founded in 1995 and based in Albany, NY. Capital Bank Auto Loans is available in 2 states across the USA.

Capital Bank Auto Loans FAQ

What APR does Capital Bank Auto Loans offer on its auto loans?

Capital Bank Auto Loans offers a fixed APR auto loan product that ranges from 4.00% APR up to 9.50% APR.

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

What is the maximum loan term you can get with Capital Bank Auto Loans?

Capital Bank Auto Loans has auto loans with terms ranging from 48 to 60 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

Does Capital Bank Auto Loans charge an origination fee?

No, Capital Bank Auto Loans does not charge a loan origination fee.

A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.

Does Capital Bank Auto Loans charge a late fee?

Yes, Capital Bank Auto Loans charges borrowers with a late payment penatly fee

Does Capital Bank Auto Loans charge prepayment fees?

Yes, Capital Bank Auto Loans does charge borrowers a fee if they pay their loans early. Consider prepayment fees when you choose a lender because prepayment can reduce or even cancel the interest savings of repaying a loan early.

Can I pay off early my Capital Bank Auto Loans loan?

Yes, you can. However, Capital Bank charges a prepayment fee if you pay your auto loan early. This fee could reduce or eliminate the savings from paying the auto loan early.

What do you need to qualify for Capital Bank Auto Loans?

Applicants with a credit score of at least 649 and up to 740 may be eligible for Capital Bank Auto Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Capital Bank Auto Loans does not have or does not disclose a minimum annual income eligibility requirement. Capital Bank Auto Loans only considers borrowers who are employed.

U.S. citizens are, of course, eligible for the services offered by Capital Bank Auto Loans. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

  • Driver's license
  • Government issued photo ID
  • Proof of identity
  • Proof of citizenship or residence permit

Does Capital Bank Auto Loans report your account activity to credit bureaus?

Yes, Capital Bank Auto Loans reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 2 states
  • New York
  • Pennsylvania

Feature Breakdown

No Origination Fee
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Minimum Age 18
Supported Income Types
  • Payroll Check or Prepaid Card
Vehicle Type
  • Auto
  • Motorcycles
  • Boats
  • RVs
  • ATVs
Verification Documents Required
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Credit Score Range 649 - 740
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Payment Options Automatic Payments
APR (Fixed APR) 4.00% - 9.50%
Loan Term 48 - 60 months

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