Credit Builder Loan

Credit Builder Loans

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    A RMLEFCU Credit Builder Loan can help build or restore your credit score. If you’re just starting out with limited credit history, or working to re-establish a positive credit rating, we may have just the tool to help you along. The Credit Builder Loan puts a loan in your name—from $500 to $5,000—in a RMLEFCU share account that you can pay off with comfortable terms; the amount of the loan becomes accessible to you as it is paid off, and earns interest in the interim.

    The Credit Builder Loan builds a valuable savings account while helping build a positive repayment history—all with no risk, no cost, and no pain. Ask your credit union representative how you can take advantage of this beneficial program.

    Summary

    • No money is needed to secure loan

    • Eligible to members 18 and older who have means to repay the loan

    • Low monthly installment payments

    • Convenient automatic payments are available

    Learn More About Building Your Credit