What is the 0% interest promotion and how does it work?
Our 0% interest promotion means you pay no interest at all — as long as you pay your entire loan balance and any non-interest fees in full by the due date of your 6th monthly payment.
Here is what is important to understand upfront:
Interest accrues from day one. From the moment you sign your loan agreement, interest begins accumulating at your fixed rate. If you pay off your balance in full during the promotional period, that accrued interest is completely waived. If you do not pay in full by the end of the promotional period, all of that accrued interest gets added to your remaining balance, charged from the original loan date.
Your payments during the promotional period matter! Unlike traditional deferred-interest products where the full interest amount is imposed regardless, our product works in your favor: the more you pay down — and the faster you pay it — the less accrued interest you would owe if you do not fully pay it off in time.
Your minimum monthly payment will not pay off the balance in 6 months. This loan is structured as a 48-month loan with a minimum monthly payment based on that full term. Making only the minimum payment will keep your account current, but it will not be enough to pay off the balance within the promotional period. To take full advantage of the 0% offer, you will need to make larger payments each month.
There are no prepayment penalties — ever. You can pay any amount, at any time, with no fees. We encourage you to pay as much as you can, as early as you can.
Bottom line: This promotion rewards borrowers who pay aggressively. Go in with a plan to pay off your balance within 6 months, and you pay zero interest.
Have questions? Our Loan Specialists are here to help: 888-497-8414
Who is eligible for the 0% interest promotion?
The 0% promotion is available to qualified applicants who meet additional eligibility criteria beyond our standard loan approval. Qualifying for a traditional CapexMD loan does not automatically make you eligible for the 0% promotion. To be considered, you will generally need a credit score in the good-to-excellent range (typically 680 or above) and loan amounts up to $7,500.
Eligibility is assessed as part of your application review. If you qualify, your Loan Specialist will let you know.
How do I apply for the 0% interest promotion?
The application process is the same as our standard loans — no separate form or process required.
- Apply for a loan based on your desired loan amount
- When your Loan Specialist reaches out, let them know you are interested in the 0% promotion
- They will confirm whether you are eligible and walk you through your options
What if I don't qualify for the 0% promotion?
No problem. If your application is approved but you do not meet the eligibility criteria for the 0% promotion, we will present you with other loan options.
Worth noting: CapexMD personal loan rates are often significantly lower than credit card rates, and all of our loans — regardless of type — carry no prepayment penalties. You can always pay off early and save on interest.
What happens if I don't pay off my balance by the end of the promotional period?
We want to be completely transparent about this, because it is the most important thing to understand before taking this loan:
If any balance remains after your 6th monthly payment is due, interest will be charged from your original loan date at your fixed rate. This interest is added to your remaining unpaid balance, and your regular monthly payments of principal and interest will continue for the remainder of the 48-month loan term.
A few things that work in your favor if this happens:
- You only accrue interest on the remaining balance — the faster and more you paid down during the promotional period, the less interest you will owe
- No penalties for missing the promotion — you simply continue repaying under standard loan terms
- You can still pay off early at any time with no prepayment penalty
We want every borrower to go into this promotion with eyes open. If you have any doubt about your ability to pay off the balance in 6 months, talk to one of our Loan Specialists — we will help you figure out the right product for your situation.
Questions? Call us at 888-497-8414.
