If you need to establish credit or repair your credit, we encourage you to apply for a Credit Builder loan of up to $2,500. By making your payments on time and repaying the full amount, you prove your credit-worthiness and improve your chances of receiving a larger loan in the future.
The features of this loan include:
- Fixed interest rate
- Loan terms up to 18 months
- No pre-payment penalty
- One-time commitment fee plus collateral filing fees
- $30 application fee applies
- You’ll need monthly income that exceeds your personal expenses.
- You should be current on all of your personal and business bills.
- You must not have any outstanding tax liens or be delinquent on child support.
- Any bankruptcies must be discharged prior to applying.
- You’ll need to be able to provide collateral for the loan.