Loan Application
- 1Start
- 2Borrower Information
- 3Co-Borrower (if any)
- 4Bank Acct & Pay Fee
- 5Submitted
This application only takes about 5 minutes to complete. Depending on the state in which you reside, there may be an application fee of $25, which can be paid by credit card on the last step. This fee will be refunded if your application is declined. Debit cards are not accepted
Questions? Check our
FAQs or contact us.
Zero Interest Financing Program
What are the 0% interest loan promotion details?
We offer a "0% interest if paid in full" promotion for qualified borrowers. This means if you pay off your entire principal balance and non-interest fees within the promotion term, you won't owe any interest. Interest will start accruing from the day you sign your loan agreement. As long as you pay the principal in full and non-interest fees by the end of the promotional period, all interest is waived.
Importantly, we have no prepayment penalty fees so you can pay off the balance as early as you'd like. Just remember, if the principal and fees are not paid off by the end of the promotional period, the accrued interest will be imposed from the date of the loan and added to your remaining unpaid balance. Unlike traditional "if paid in full loans", the amount of accrued interest added to your unpaid balance will be impacted by how much and how fast you pay off during the promotional period. The more and faster you pay off during the promotional period, the smaller the accrued interest – so we encourage borrowers to pay your balance off as quickly as possible.
Our 0% interest loan product is structured as a 60-month loan with a fixed interest rate with a 6-month promotional period. That rate along with your loan amount determines the minimum monthly payment. In order to remain current on the loan, borrowers must pay at least their minimum monthly payment. Just paying the minimum payment during the promotional period will not be enough to pay off the loan.
Have more questions? Our team of Loan Specialists is ready to assist you at 888-497-8414.
What are the eligibility requirements for the 0% loan promotion?
Our 0% loans are available to applicants who meet eligibility criteria. Therefore, please note that borrowers who qualify for a traditional loan may or may not necessarily be eligible for a 0% interest loan. Eligible applicants will need to have credit scores in the "very good to excellent" range (generally 710 and above) with credit score dependent loan amounts ranging from $5,000 to $20,000.
How do I apply for a 0% loan?
The application process is the same as our traditional loans. Just apply for a regular loan based on your desired term and dollar amount. Then, when your loan specialist contacts you, be sure to mention you are interested in the 0% promotion.
What if the loan is not eligible for 0%?
No problem, if the application is approved but the loan is not eligible for 0% interest promotion, you will receive an offer for a loan with other term options. Remember, CapexMD rates are often 50% lower than credit cards and have no pre-payment penalty.
What happens if you do not pay off your entire balance during the promotional period on a 0% loan?
If you have a loan balance at the end of the promotional period, interest will be imposed from the date of the loan. A key differentiator of our 0% interest product is the amount of accrued interest owed will be impacted by how much and how fast you pay off during the promotional period. The more and faster you pay off during the promotional period, the smaller the accrued interest – so we encourage borrowers to pay your balance off as quickly as possible.
Should you not succeed in fully paying off your loan within the promotional period, the minimum monthly payment of principal and interest will continue to be due each month. Remember you can always repay your loan in full at any time thereafter without any pre-payment penalties. Please note that the minimum monthly payment is not nearly sufficient to pay off your loan during the 6-month promotional period.