In this sense, capital one personal loans offer you a personal line of credit so that you can quickly access it from a fixed amount of money between 5,000 and 10,000 dollars that you will return according to your needs.
You will be able to borrow the funds as many times as necessary from your line of credit without being required to apply for a new loan.
Interest is charged on the money that you were loaned according to your credit line, meaning that it is not calculated on what is left in the credit line but on what you have borrowed.
However, keep in mind that in general when it comes to personal lines of credit, they usually have a high interest rate and you must also show documentation that is a guarantee of your earnings and you must also show that your credit is very good.
When you obtain the Capital One personal loan , you will access the money through an ATM card, a check or online transfers to a bank account.
In this sense, keep in mind that the interest charge begins to be accumulated immediately when you withdraw the money.