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  Capital Bank Line of Credit

Capital Bank Line of Credit

in Personal Lines of Credit from Capital Bank

Unaffiliated

Capital Bank Line of Credit

Unaffiliated

in Personal Lines of Credit from Capital Bank

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Highlights
Loan Amount N/A
APR  (Fixed APR) N/A

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.

Capital Bank Line of Credit FAQ

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 the Capital Bank Line of Credit charge an origination fee?

No, Capital Bank Line of Credit does 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, Capital Bank Line of Credit may charge a fee.

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

Does Capital Bank Line of Credit charge a late fee?

Yes, Capital Bank Line of Credit 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 Capital Bank Line of Credit 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.
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Availability

  Available in 2 states
  • New York
  • Pennsylvania

Feature Breakdown

Annual Fee $0
No Origination Fee
Checking Account Required
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Joint Loan Applications Accepted
  • Individual Applications
Minimum Age 18
Supported Income Types
  • Payroll Check or Prepaid Card
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 Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Payment Options
  • Automatic Payments
  • Credit/Debit Card

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