Credit Builder Loan

Credit Builder Loan

The perfect loan when you need to repair or build your credit

Flexible funding

And you can increase your credit score in the process.

How it works

$2000 is placed on hold in your account. As you make payments and the loan is paid down, the respective dollar amount in the related personal savings account will become available for you to use.*

Easy access

There's no down payment required.

Get on better terms

Your loan is reported to the credit bureaus so you can increase your credit score.

You make the calls

You're free to use the $2,000 loan for any purpose.

Affordable rates

You'll pay less than $100 a month to access this loan.

If you've been turned down for other loans because of your credit history, Credit Union ONE in Michigan has the solution with this special personal loan. We understand difficult situations can negatively affect your finances. We also understand that it's not always easy to get a loan when you don't have an established credit history. That's where our Credit Builder Loan can help. Use the money for a down payment on a car, college tuition, a new computer or anything else you can imagine, all while building or repairing your credit with on-time monthly payments.

Credit Union ONE is a full-service financial institution with locations in Southeast Michigan, Davison, MI, Traverse City, MI, and Grand Rapids, MI.

Budget with Ease

Get the fundamentals down with our budget calculator below.

Apply for your Credit Builder Loan today.

*
When you get a Credit Builder Loan, the loan proceeds are deposited into a separate Personal Savings account and placed on hold. As you make payments and the loan is paid down, the respective dollar amount in the related personal savings account will become available for you to use. Payment of less than $100 per month is based on an approximate payment of $95 per month for a $2000 loan at 12% Annual Percentage Rate for 24 months. Rates, terms, and availability of product subject to change without notice.