Whether you’re looking to make your next big purchase or consolidate your debt, we can help you get there. Enjoy competitive rates with a CAPITA Unsecured Personal Loan.
What is a personal loan?
Personal loans at CAPITA are unsecured installment loans with fixed interest rates that can be used for many major life events. No collateral required.
What can a personal loan be used for?
Consolidate credit card debt
Simplify your monthly bills by consolidating your high-interest debt
Renovate your home
Upgrade your living space without using your home as collateral
Purchase or repair a vehicle
Shop for the best loan rate and purchase or fix your car anywhere
Take a vacation
Finance your entire trip or use it for spending money
Fund your wedding
Spread the cost of your big day over months or years
Cover medical expenses
Cover unexpected bills or planned treatments
What do you get with a CAPITA personal loan?
Get your funds fast
We’ll work with you to make your application as simple as possible, getting you money in just days
Unsecured personal loans that work your way
With competitive rates and loans up to BD$30,000, we have options that work with your lifestyle
Pay on your schedule
Terms range from 12 to 60 months. Plus repay your balance anytime without charges or penalty fees.
Get a Personal Loan in 3 easy steps
Step 1:
Call, email or visit our branch. You’ll need your personal identification with your current address on hand and three recent pay-slips.
Step 2:
Get personalised help as we work through your application with you.
Step 3:
Get preapproved to access your funds in days.
Personal FAQs
- What is a personal loan?
Personal loans are unsecured installment loans with fixed interest rates that can be used for many major life events. An unsecured loan means you don’t need collateral to be issued the loan. With no collateral required, personal loans, like our CAPITA Loan, can offer you an alternative way to access funds and often have a lower interest rate than credit cards.
- What are personal loan rates, and how do they work?
The interest rate on your personal loan is usually fixed for the term of your loan, which means you can expect predictable monthly payments. Your interest rate is based on your financial information and creditworthiness. You can check what your interest rate will be, with no impact on your credit score, by using our personalised rate quote.
CAPITA will then conduct a hard credit inquiry, which may have an impact on your credit score, upon full application.
A CAPITA personal loan provides you fast, flexible access to funds that can be used for many major life events, expenses or consolidating debt. Unlike other loans, like a mortgage or student loan, personal loans do not have a defined use and can be more flexible based on what your needs are. You might consider getting a personal loan to:
- Consolidate high-interest credit card debt
- Renovate your home
- Purchase or repair a vehicle
- Take a vacation
- Fund your wedding
- Cover medical expenses
Personal loans can be used for just about anything; however, it’s important to consider uses that might improve your financial position.
- What are the requirements for a CAPITA personal loan?
In addition to basic personal info, you’ll need your Individual Tax Identification Number, employment history and income, and expenses like mortgage or rent.
- How long does it take to get a CAPITA personal loan?
If you’re approved, you may receive your funds in as little as one business day.
- Are there any fees associated with the application?
Refer to our schedule of rates and charges for further details.
- How do I receive the funds?
Your approved funds will either be deposited into an account of your choice or you will receive a check. If the loan proceeds are to be used to clear existing debt, all proceeds will be paid directly to the debtors.
- How do I make monthly loan payments?
We make it easy for you to make payments by the method most convenient for you.
- Set up a monthly salary deduction by your employer
- You can set up a standing order to establish monthly automatic payments from any eligible credit union or bank account to our CAPITA Bank accounts held at CIBC Barbados and RBC Royal Bank of Canada.
- Any branch of Sure Pay
- Pay over the counter at any branch of the Barbados Public Workers Credit Union
- Pay over the counter at our CAPITA office