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Home Improvement Loan

Home Improvement Loan Interest Rates

Rates as of November 15, 2019

Consumer Loan Special Offer!

For a limited time, we are offering a low 3.30% APR** for 3 year loans and 4.40% APR** for 4 year loans! You must have a minimum of 700 credit score. 

Apply Now 


Home Equity Line of Credit Special Offer!

For a limited time, we are offering a low 3.30% APR*** introductory rate for new home equity lines of credit. You must have a minimum of 700 credit score. 

Apply Now 

Home Improvement Loans

Credit Score*TermInterest Rate - UnsecuredAPR**Interest Rate - Partially SecuredAPR**Interest Rate - SecuredAPR**
740 & AboveUp to 48 Months7.50%7.50%5.50%5.50%4.50%4.50%
 49 to 60 Months8.00%8.00%6.50%6.50%5.50%5.50%
 61 to 84 Months----7.00%7.00%6.00%6.00%
 85 to 120 Months--------7.00%7.00%
700-739Up to 48 Months9.00%9.00%7.00%7.00%6.00%6.00%
 49 to 60 Months9.50%9.50%7.50%7.50%6.50%6.50%
 61 to 84 Months----8.00%8.00%7.00%7.00%
 85 to 120 Months--------8.50%8.50%
675-699Up to 48 Months11.00%11.00%8.50%8.50%7.50%7.50%
 49 to 60 Months12.00%12.00%9.50%9.50%8.50%8.50%
 61 to 84 Months----10.50%10.50%9.50%9.50%
 85 to 120 Months--------10.00%10.00%
674 & BelowUp to 48 Months----10.00%10.00%8.50%8.50%
 49 to 60 Months----11.00%11.00%9.50%9.50%
 61 to 84 Months----12.00%12.00%10.00%10.00%
 85 to 120 Months--------10.00%10.00%

Home Improvement Loan Payment Examples - Unsecured

Credit Score*Term(months)Amount BorrowedMonthly PaymentTotal Loan & Interest
740 & Above48$7,500$181$8,705
740 & Above60$7,500$152$9,125

Home Improvement Loan Payment Examples - Secured

Credit Score*Term(months) Amount BorrowedMonthly PaymentTotal Loan & Interest
740 & Above48$7,500$172$8,248
740 & Above60$7,500$144$8,636
740 & Above84$7,500$110$9,247
740 & Above120$7,500$88$10,500
674 & Below48$7,500$186$8,916
674 & Below60$7,500$156$9,497
674 & Below84$7,500$125$10,510
674 & Below120$7,500$100$11,952

*Credit scores are based on information collected by credit bureaus and information reported each month by your creditors about the balances you owe and the timing of your payments. A credit score is a compilation of all this information converted into a number that helps a lender to determine the likelihood that you will repay the loan on schedule. The credit score is calculated by the credit bureau, not by the lender. Credit scores are calculated by comparing your credit history with millions of other consumers. 

  • Loans subject to credit approval
  • Interest rates and programs are subject to change without notice
  • Loans $10,000 and above require a collateral mortgage or other sufficient collateral
  • Interest rates will be discounted 0.25% with Auto Pay from a Capital Bank checking or savings account
  • Loans under $5,000 - maximum term up to 60 months
  • Loans $5,000 to $10,000 - maximum term up to 120 months

*APR = Annual Percentage Rate.  Minimum 700 credit score required – subject to credit approval.  Minimum loan amount of $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 4.40% APR will require 48 monthly payments of $226.75.  Not valid for single-pay loans, credit-builder loans and trust-secured lines of credit.  Interest rates and programs subject to change without notice.  Applications must be received by November 30, 2019 to be eligible for the promotional APR. No additional rate discounts given for auto pay.  

**APR = Annual Percentage Rate.  Minimum line of $10,000 required – subject to credit approval.  The APR will be 3.30% for the first 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 as of August 20, 2019, the APR after 12 months would be 5.25%.  The lifetime cap for the line of credit is guaranteed not to exceed 16.00% APR, with a floor of 4.00% 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 potential deductibility of interest and fees.