Credit Builder Loan
Whether you’re trying to establish credit or improve your credit rating – the Credit Builder Loan may be the solution, while providing a secure place for you to save for the future.
How It Works
Our Team is inspired to help you build your credit and at the same time help you save. Different than a traditional loan, the loan funds will be deposited into a dividend-earning Secured Savings 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.
Credit Builder Loan Details:
- 9.99% APR1 fixed rate
- Loan amounts of $500-$2,500
- Flexible terms – 6 to 24 months
- Credit score not required
We’re Here to Help
Give us a call at 800-323-2611 – we’d be happy to help!
1 9.99% Annual Percentage Rate (APR). Payment example; a $1,000 loan for 18 months would result in a monthly payment of $60.07. 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. Member must be in good standing. 2 Funds may be held up to 10 days after loan is paid in full.