CREDIT-BUILDER LOAN

Establish or improve your credit score.

What is a credit-builder loan?

Are you having trouble getting a loan because you have no credit or bad credit? If so, a credit-builder loan can be a great way to build credit. Unlike a traditional loan, the funds from a credit builder loan—up to $2,500—will be deposited into your secured savings account with up to 24 months to pay it back and build your credit history.

Percent apr

9.99% APR1skip to disclosure fixed rate

No service fees

Loans from $500 to $2,500

Flexible terms

6 to 24-month terms

Build credit

Credit score not required

How does a credit-builder loan work?

Different than a traditional loan, the loan funds will be deposited into a dividend-earning savings-secured account. Then as you repay the loan, your timely monthly payments will be reported to the credit bureau helping you to establish a positive credit history. At the end of the loan, the funds that were deposited into the secured savings account are yours to spend or save.2skip to disclosure

Get help with Credit-Builder Loans.

You don’t need to have credit in order to apply for a Credit Builder loan. This loan is to help you establish and grow your credit history.

With a Credit Builder loan you can borrow as little as $500 or as much as $2,500.

We offer flexible terms of 6 to 24 months for Credit Builder Loans.

Different than a traditional loan, the funds from the Credit Builder loan will be deposited into a Secured Savings account. Then, as you repay the loan, your monthly payments will be reported to the credit bureau. Once the loan has been paid off, the funds that were deposited into the Shared Savings account are yours to spend or save.

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  • Credit Builder Loans APR = Annual Percentage Rate. Payment example; a $1,000 loan for 24 months with a 9.99% APR would result in a monthly payment of $46.14. Minimum loan amount of $500. Maximum loan amount $2,500. All loans, terms and conditions are subject to Credit Union qualifications & approval. Rates are subject to change without notice. Must be a member in good standing.

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  • Funds may be held up to 10 days after loan is paid in full.

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Routing Number:
271990198