Credit Builder Loans

Whether you are looking to build your credit from the ground up or restore your credit, a credit builder loan is the perfect solution.

Pick the terms that work for you to ensure an easy, manageable monthly payment. The amount you borrow will be deposited into a certificate of deposit, held as collateral for the loan. By making regular payments on the loan, you are establishing a positive payment history, which we report to the credit bureaus to help improve your credit score. Once the loan is paid in full, the funds in the certificate are yours to keep, including any interest earned during your repayment period. So you can build your credit and your savings at the same time!

  • Loan amounts from $500 – $2,000
  • Terms from 12 – 24 months
  • Fixed rate equal to 3% above the rate being paid on the certificate of deposit

 Fill out an online application or visit one  of our branches to open your credit builder loan.

*Must be 18 years or older. The full original amount of the loan will be held in a certificate of deposit until the loan is paid off. No withdrawals can be made from the certificate (even with penalty) unless the loan is paid in full.