New Capital FinancialNew Capital Financial

Do you require collateral to secure the loan?

No, loans through New Capital Financial are unsecured and do not require collateral.

Can I pay off the loan at any time without a penalty?

Absolutely. There are no prepayment penalties and encourage our borrowers to repay their loan sooner to reduce interest charges.

How will my interest rate be determined?

Your interest rate will depend on a number of factors like credit history, income, your ability to make on-time payments and the term length.

Will my application automatically be approved if I'm already pre-approved?

You were pre-approved based on information from your credit report. We will evaluate the information you provide when you apply to establish if you meet specific creditworthiness requirements to be approved for the offer you received. If you no longer meet those requirements or if your credit score has recently dropped, you may not be granted credit.

Why should I consider a personal loan over credit cards?

Personal loans have fair fixed interest rates, scheduled payments that won't change and a set payoff date. With variable-rate credit card debt, your interest could rise at any time. If you make minimum payments on your card balances, you don't make much progress on paying down the actual principal you owe, which means you could end up spending thousands of dollars of interest over time.