Capital Bank Line of Credit Review

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

What APRs does Capital Bank Line of Credit offer?

Capital Bank Line of Credit offers a fixed APR product, but they do not disclose their rates.

Does Capital Bank line of credit charge an origination fee?

No, they do not charge an origination fee.

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

Does the Capital Bank line of credit charge a cash advance fee?

Yes, they may charge a fee.

Does the Capital Bank Line of Credit charge a statement balance fee?

No, this lender does not charge a statement balance fee.

Does Capital Bank Line of Credit charge a late fee?

Yes, they may charge borrowers a late payment fee.

Capital Bank Line of Credit Fees

Cash Advance Fee	N/A
Origination Fee	No
Prepayment Fee?	Yes
Late Payment Fee	No
Statement Balance Fee	No

What do you need to qualify for Capital Bank Line of Credit?

Capital Bank Line of Credit does not require or does not disclose a credit score minimum. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

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

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

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

• Applicants must have an active and valid personal checking account
• Driver's license
• Government issued photo ID
• Proof of identity
• Proof of citizenship or residence permit

Does Capital Bank Line of Credit report your account activity to credit bureaus?

Yes, Capital Bank Line of Credit 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.

How to apply for Capital Bank line of credit

• Visit the website.
• Fill in the application form. You will typically need to provide general information such as your name, address, email address, Social Security Number, source of income and employment, and checking account information.
• Check the information is accurate and submit your application.