Credit Builder Loan
Our credit builder loan allows you to establish a payment history by holding your requested funds in a savings account while you make on time payments. When your term comes up, the funds become available, and you’ve taken steps to establish a positive credit history!
credit builder loan details
Here’s how it works
- Fill out the form below and a Park Community loan expert will reach out to you within 1 business day.
- Apply and choose your terms (Maximum $2,500)
- Pay back over your chosen term (Terms up to 24 months)
- Funds are released to you upon completion of payments!
Details
*Annual Percentage Rate. Rates as of January 1, 2025, and subject to change without notice. Must qualify. Other terms and conditions may apply. Loan example: $1,500 for 24 months at 12.24% annual percentage rate would yield a $70.78 per month payment or approximately $47.19 per $1,000 borrowed. Member must display that they have sufficient income to repay the debt. Loan may be granted for up to $2,500 at terms not to exceed 24 months. Proceeds of the loan will be deposited into the member’s savings account and pledged as security for this loan. All pledge funds must remain in the account until the loan is paid in full. The interest rate will be based upon the member’s credit score.
Interested in a Credit Builder Loan?
Fill out this form and a Park Community loan expert will reach out to you within 1 business day.