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Capital One Bank served customers across the US for many decades. Since this time, they assisted millions of individuals who were seeking personal loans. Their low interest rates are too affordable to pass up, and they do whatever they can to please each client. They will give anyone a personal loan for virtually any reason if their credit is in good shape.

No Hassle Lending

capital-one-personal-loansFinancial institutions are usually reluctant to give away personal loans. They offer them as funding options, but they prefer to give away loans for specific purposes. You can use a personal loan from Capital One for any reason at all, and no one will question you about it. You can go on vacation, buy a new car, pay for a wedding, or pay off bills with the funds you receive. The financier will not ask you for a spending log or a pile of receipts. They will need to check your credit score and credit history so they can make a final decision. As long as everything looks good, you will be able to walk out with the funds you want without any problem.

Securing a Loan

Capital one gives every potential borrower a variety of personal loan options. If you have an excellent credit score, you can expect to receive a loan offer relatively quickly. Someone with a fair credit history, can secure a loan if they have an asset to use as collateral. You may even be able to use the equity in your business to secure a personal loan if necessary. Capital One representatives will only discuss personal loan products over the phone and in person. If you are not a current customer, you may need to open an account before applying for a personal loan.

Annual Percentage Rates

capital-one-personal-loans-reviewAnnual percentage rates for personal loans will vary from borrower to borrower. Capital one has several lending options, and they always try to please the customer by giving him or her the best deal. If you qualify for a fixed-rate personal loan, they will try to give you the lowest APR on those funds. If there are issues with your credit, a variable interest loan may be your only option. Lenders must adhere to the minimums and maximums placed on every variable loan offer. Even with these limits, the borrower should check their APR frequently to avoid potential disputes.

Assistance from Beginning to End

If you are applying for your very first personal loan, ask as many questions as you can before signing the agreement. Capital One reps will answer your questions and walk you through the process so you can feel at ease during the entire process.