Capital One, the nation’s leading credit card provider, offers personal loans and lines of credits also. However, these are available mostly to people with good credit score. Since these loan products are unsecured in nature and carry a very high rate of interest, people with bad credit rating are unlikely to get approval for the same. However there must be some alternatives to Capital One Personal Loans for Bad Credit, you can explore my honest review. The discussion here addresses primarily to the bank’s personal lending options for people with good credit standing.

A personal loan is also referred as signature loan or installment loan depending on how the loan has been set up for a particular borrower. A signature personal loan is offered only to the people with very good credit scores. Such loans are unsecured loans, which mean you do not need collateral to back the borrowed amount. Moreover, the rates are competitive and generally lower than most credit cards. Loans are advanced for a limited term with a convenient payment schedule.

You can get Capital One personal loan for:

  • Debt Consolidation
  • Home Improvement
  • Bill Payment for Education, Medical, etc
  • Wedding Expenses

Capital One installment loan

It is a kind of term loan, which is generally offered for a period ranging from 12 to 18 months. Payments are fixed and must be paid on a monthly basis. These loans also do not require collateral, and hence they can be classified under Capital One Unsecured Personal Loan. It is possible to apply online also and one can choose to visit a nearby Capital One branch for a personal loan application.

Capital One Line of Credit

A line of credit is a good alternative to a credit card as you are offered a revolving credit line, which you can use anytime for instant funding. Cash is made available through a check, ATM card, or online transfer. Interest is charged only on the amount of money withdrawn from the credit line and not on the money left in your account. The rates are competitive and give you an edge over the features of most credit cards.

The personal line of credit at Capital One is generally limited to $5,000 or $10,000. Within the maximum limit, you are free to withdraw as much money as you need and then pay it back to have it again for reuse. This gives you immense convenience and you do not have to look elsewhere for paying small bills. Capital One personal line of credit is generally offered to those who have a very good credit rating and established sources of income.

For more information on Capital One Personal Loans and Lines of Credit, call its customer service phone number, which is 1-800-926-1000.


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5 thoughts on “Capital One Personal Loans”

  1. I think this is among the most important information for
    me. And i am glad reading your article. But want to remark
    on some general things, The site style is great, the articles is really nice :
    D. Good job, cheers

  2. I have taken personal loans from Capital One bank. So I want to share my experience with you.
    Do not call to Bank for loan. Directly go to the bank, meet with loan officer, tell about yourself, and tell about your need to him/her. If you are not getting success try another bank.

  3. Things have really improved for me and I have been able to maintain by credit rating. Thanks to Capital One and its personal loan terms.

  4. All I have to say is that you better look out for interest rates offered by other banks as well before you get your personal loan from Capital One. Who knows, you may get even lower interest rates from other banks.

  5. I heard Capital One only offers personal loan to borrowers who has very good credit score. There is one question in my mind. Is there any chance to get bad credit personal loan at Capital One? Every bank and lender provides loan or financial help only to good credit score person. I want to ask who will offer bad credit personal loan at low interest rate. I am getting frustrated because I can’t pay high interest rate. So can anyone give me proper ideas and suggestion so that I could overcome my financial problem.

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