Discover your dreams with the Power of 2!
At Capital Bank, the possibilities are endless. No matter what your needs may be, we have your loan! If you’ve been thinking about remodeling your kitchen, adding a new deck, taking a family vacation, or buying a new car, a consumer loan from Capital Bank can make anything possible!
For a limited time, we’re offering a low 2% APR* for 24 months, 3% APR* for 36 months and 4% APR* for 48 months on consumer loans, and a low 2% APR* on a home equity line of credit.**
Subject to credit approval. Interest rates and programs subject to change without notice. Applications must be received by November 30, 2017 to be eligible for the promotional APR.
*APR = Annual Percentage Rate. Minimum 740 credit score required. New money of at least $2,500 required. Loans greater than $10,000 must be fully secured. Maximum term is 48 months. A $10,000 fully secured loan with a four-year term and a 4% APR will require 48 monthly payments of $225.79. Not valid for single-pay loans, credit-builder loans and trust-secured lines of credit.
**Minimum line of $10,000 required. The APR will be 2% for 12 months from the closing date of the line. After 12 months, the APR will adjust to the highest Prime Rate published in the Wall Street Journal on the last business day of the prior month. Assuming no change in the current Prime Rate, the APR after 12 months would be 4.25%. The lifetime cap for the line of credit is guaranteed not to exceed 16.0% APR, with a floor of 4% APR. You will be required to reimburse Capital Bank certain fees paid to third parties if the line is terminated within three years of the opening date. These can be as low as $590.50 for a $10,000 credit line or as high as $1,540.50 for a $200,000 credit line. Collateral mortgage required to be filed. Consult your tax adviser for more information regarding the deductibility of interest and fees.