Credit Builder Loan
By scheduling an appointment, you acknowledge you have read and agree to the BCU Coaching Agreement of Understanding and Disclosure.
Establish or restore your credit while you build savings for the future.
Uniquely designed to help improve your credit history, the funds from the loan are placed in an account for safekeeping while you make scheduled payments.
Apply
Click “Make an Appointment” to select a day and time to apply with a loan representative. You will also be able to finalize the loan amount and term (up to 24 months).
Make Payments
Your loan funds are held in a BCU savings account while you make scheduled payments for the full term of the loan.3
Establish Credit
Making consistent monthly payments will help you establish a positive credit history as your activity is reported to national credit bureaus.
Receive Funds
Once your loan is paid in full, the funds become available for use.
Benefits include:
Credit Saver
Build or rebuild your credit score and save while you borrow.1
Flexible Terms
Loan terms up
to 24 months.
Loan Amount
Loan amount of $500 to $3,000 is held in a secured savings account as you make payments. Loan funds are released when then loan is paid in full.
Low Rate
Fixed 4.50% APR.2
Frequently Asked Questions
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What is a Credit Builder Loan?
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When do I receive the funds?
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Can I pay off the loan early?
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How much will the loan improve my credit score?
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Is there a fee to get the loan?
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Once I pay off the Credit Builder Loan, will I qualify for another loan with BCU?
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What's the difference between Credit Builder Loan and a Personal Loan?
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Disclosure