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  Capital Bank Personal Loans

Capital Bank Personal Loans

in Personal Loans from Capital Bank

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Capital Bank Personal Loans

Unaffiliated

in Personal Loans from Capital Bank

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Highlights
APR  (Fixed APR) 4.50% - 10.00%
Loan Amount Starting at $10
Loan Term (Months) 48 - 60 months

Capital Bank Personal Loans Review

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

Key Takeaways
  • APRs starting at 4.50%. Personal loan interest rates typically range between 5% and 36%. The starting rates for Capital Bank Personal Loans are on the lower end of the spectrum.
  • Hard credit pull required. You can't check your rates or see if you prequalify for Capital Bank Personal Loans without a hard pull on your credit report. Most lenders give you the option of a soft pull on you credit report.
  • Charges a prepayment fee. This is rare for personal loans. It means you will have to pay a fee if you pay off your Capital Bank Personal Loans early.
  • No origination fee. Capital Bank Personal Loans does not charge a loan origination fee.
Capital Bank Personal Loans Pros & Cons
Pros Cons
  • Low APRs available to qualified borrowers.
  • $0 origination fee.
  • Only considers applicants with good credit.
  • Do not offer pre-approval with soft credit pull.
  • Charges prepayment fees.
  • Charges a late fee.
Capital Bank Personal Loans FAQ

What rates and terms does Capital Bank Personal Loans offer?

Capital Bank Personal Loans has lower interest rates than the average for lenders reviewed on SuperMoney.

What APR rate does Capital Bank Personal Loans offer?

Capital Bank Personal Loans offers a fixed APR personal loan product that ranges from 4.50% APR up to 10.00% 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.

How much can you borrow via Capital Bank Personal Loans?

Loan amounts start at $10

What can a personal loan from Capital Bank Personal Loans be used for?

Personal loans from Capital Bank Personal Loans are typically used for special purchases or similar purposes.

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

Capital Bank Personal Loans offers personal 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.

Capital Bank Personal Loans Rates & Terms
Loan Amount Starting at $10,000
Loan Term 48 - 60 months
APR 4.50% - 10.00%

What fees does Capital Bank Personal Loans charge?

Does Capital Bank Personal Loans charge an origination fee?

Capital Bank Personal 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 Personal Loans charge a late fee?

Yes, Capital Bank Personal Loans may charge borrowers a late payment fee.

Does Capital Bank Personal Loans charge prepayment fees?

Yes, Capital Bank Personal Loans may charge additional fees to borrowers who pay off their loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a loan early.

Capital Bank Personal Loans Fees
Origination Fee N/A
Prepayment Fee? Yes
Late Payment Fee N/A

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

Applicants with a credit score of at least 674 and up to 740 FICO may be eligible for Capital Bank Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

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

U.S. citizens are, of course, eligible for the services offered by Capital Bank Personal Loans. 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 or savings account
  • Driver's license
  • Government issued photo ID
  • Proof of identity
  • Proof of citizenship or residence permit
Capital Bank Personal Loans Eligibility Criteria
Minimum Age 18
Bank Account Required? Yes
Credit Score 674 - 740 FICO

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

Yes, Capital Bank Personal 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.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
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  
Accepts Savings Accounts  
Checking Account Required  
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
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 674 - 740
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Payment Options Automatic Payments
Loan Amount Starting at $10
APR (Fixed APR) 4.50% - 10.00%
Loan Term 48 - 60 months

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