MoneyGeek’s Take

Capital Good Fund Personal Loan Review

Though its loans are only available in a few states, a Capital Good Fund personal loan is a cost-effective solution for unforeseen expenses. With no minimum credit score, its personal loan can assist you in meeting emergency needs, immigration expenses, home weatherization costs and more.

Last Updated: 6/23/2022
Advertising & Editorial Disclosure
Reviewed By     |  

Capital Good Fund provides financial assistance to low-income families and citizens of Rhode Island, Florida, Massachusetts, Delaware, Illinois, Connecticut, Texas and Colorado, offering a number of loan choices. This Capital Good Fund personal loan review outlines how it can help with expenses like financial emergencies and immigration fees.

At a Glance: Capital Good Fund Personal Loans


  • Capital Good Fund

    • 5% to 15.99%APR Range
    • NoneMinimum Credit Score
    • $300 to $50,000Loan Amount Range
    • Not DisclosedRepayment Terms
    • 3 daysTime To Recieve Funds

    on Capital Good Fund Website

Capital Good Fund Personal Loan Details and Requirements

  • APR

    5.00–15.99%

  • Credit Score Requirements

    N/A

  • Income Requirements

    Although the Capital Good Fund website does not specify a minimum income requirement for loan approval, the company will evaluate your ability to repay the funds.

  • Loan Amounts

    • Personal loans: $700–$50,000
    • Crisis loans: $300–$1,500
    • Immigration loans: $700–$20,000
    • Weatherization loans: $500–$25,000
  • Loan Terms

    Not disclosed

  • Permitted Uses

    Capital Good Fund personal loans can only be spent for their specified purposes.

  • Prohibited Uses

    Capital Good Fund loans cannot be used to pay debt or bills.

  • Time to Receive Funds

    3 days

  • Origination Fees

    3%–6%

  • Late Fees

    N/A

  • Prepayment Penalty Fees

    None

  • Co-signers and Co-applicants

    N/A

  • Perks

    A factor that distinguishes Capital Good Fund personal loans from the competition is that there is no minimum credit score to qualify.

  • Mobile Application

    Capital Good Fund does not have a mobile app.

Is Capital Good Fund Right for You?
tip icon

When it comes to reviewing your application and offering a loan, personal loan lenders use different criteria. MoneyGeek’s Capital Good Fund personal loan review can help you decide if this lender is right for you.

Who Capital Good Fund Is Perfect For

A Capital Good Fund personal loan is worth considering if you live in an eligible state, have bad credit and need a little help with an emergency expense or immigration expenses.

You can use a Capital Good Fund personal loan instead of a costly payday loan to cover various needs, and the company typically offers affordable interest rates. You might want to look into a Capital Good Fund crisis relief loan, which you can use to pay for “financial emergencies related to COVID-19.”

Who Should Not Choose Capital Good Fund

A Capital Good Fund loan is only available in nine states. If you don't live in one of the states where Capital Good Fund offers loans, you might want to look into a federal credit union for a payday alternative loan.

If you have debt or past liabilities, it is worth mentioning that a Capital Good Fund personal loan cannot be used to pay them off. It also requires borrowers to have income, so you won’t qualify if you’re unemployed.

How to Apply for a Capital Good Fund Personal Loan

You can proceed with your loan application once you've determined that Capital Good Fund is the ideal lender for your needs. These are the procedures you can take to apply for a Capital Good Fund personal loan.

1

Prequalify

You may check your loan eligibility with Capital Good Fund by providing your name, phone and email address and answering a series of basic questions on their website.

2

Fill Out Application Form

When you click the “Apply Now” button on the Capital Good Fund website, it uses the same form as the prequalification option.

3

Wait for Approval

After the completion of the loan eligibility form, wait to find out if your loan request has been approved by Capital Good Fund.

4

Review Loan Agreement

Make sure to read over the loan offer carefully after you've received it. The loan amount you're accepted for may differ from what you requested.

5

Sign Loan Agreement

You can sign the loan agreement once you've read and understood all of the information in your loan package. If you haven't done so already, read the agreement again or seek advice to better understand the terms.

6

Receive Funds

The funds will be deposited straight into your bank account by Capital Good Fund. It normally takes 3 business days for this to happen.

7

Make Payments

A loan agreement comes with monthly payments. Make sure that you make payments in a timely fashion so that your credit score is not damaged.

What to Do if You Are Rejected From Capital Good Fund

Accepting rejection in any form is difficult, but it's more difficult when it's for a personal loan. You could be turned down for a Capital Good Fund personal loan if you don't fulfill the income requirements or have a bad credit history, among other things.

Figure out why your personal loan application was denied and what you can do about it. Inquire whether there's anything you can do to influence the outcome, such as adjusting the amount or term of the loan.

It's also a good idea to investigate alternative options that may be available to you. Compare a variety of lenders and loan offers to find the best option for you.

Frequently Asked Questions About Personal Loans

This Capital Good Fund personal loan review was created by MoneyGeek to help you decide if it is the best option for you. MoneyGeek covers some of the most frequently asked questions about Capital Good Fund personal loans to help you make an informed decision.

sources
*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity.
Advertiser Disclosure: MoneyGeek has partnered with CardRatings for our coverage of credit card products. MoneyGeek and CardRatings may receive a commission from card issuers. To ensure thorough comparisons and reviews, MoneyGeek features products from both paid partners and unaffiliated card issuers that are not paid partners.