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.

• 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.

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.

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 fees does Capital Bank Personal Loans charge?

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.