Build credit and savings at the same time.
Keep the principal paid at the end of the loan.
No credit check required.
It doesn’t matter if you have no credit or bad credit.
No collateral needed.
You don’t need to have any money up front to secure your loan.
How a credit builder loan works
Select your amount
Choose the loan option with the monthly payment that best fits your budget.
Make on-time payments
Your payments get reported to the credit bureaus, which may help improve your credit.*
Unlock your savings
Once your loan is paid off, access the principal paid on the loan. This loan also acts as a forced savings.
Credit Builder Loans
|Option #1||Option #2|
|Monthly Payment||Under $25/month||Under $50/month|
|Term||24 Months||24 Months|
|Interest Rate||24 month CD rate + 10%||24 month CD rate + 10%|
|End of Loan Savings||Approximately $500**||Approximately $1,000**|
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