Eligibility Criteria: Do You Qualify?
- Employment Status: You must be employed.
- Minimum Monthly Income: At least $1,500.
- Age and Residency: Must be 18 or older with proof of address in India.
- Bank Account Requirement: Should have a bank account with any financial institution in India.
- Credit History: Should not have multiple defaults.
Application Process: Steps to Follow
- Online Application: Head to the official Capital Now website. Navigate to the loan section to get started.
- Required Documents: Upload your PAN, proof of employment, a copy of your ID, and bank account details.
- Approval Speed: Capital Now employs automated software to swiftly review and approve applications, typically within a few hours.
- Disbursement: Funds are usually transferred to your bank account within a day.
Frequently Asked Questions
How much can I borrow with a Capital Now Advance Salary Loan?
Loan amounts typically range from $100 to $2,000, based on your income and ability to repay.
What are the interest rates for this type of loan?
Interest rates for advance salary loans are higher than those for traditional personal loans due to their short-term nature. The specific rate will be outlined in your loan agreement.
Is there a penalty for early repayment?
No penalties for early repayment — in fact, paying off your loan early can save you money on interest.
Can I apply if I have a bad credit score?
Yes, you can still qualify even with a poor credit score as the primary focus is on your employment stability and income.
What happens if I can’t repay on time?
If you anticipate difficulty in repaying the loan, reach out to Capital Now immediately. They may provide options like extensions or alternative payment plans.
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