Credit Builder Loan

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.

Step 1


Select an affordable loan amount and loan term (up to 24 months).

Step 2

Make Payments

Loan funds are held in a One Vision Credit Union savings account. Funds are released by the principal amount of payment.

Step 3


Select an affordable loan amount and loan term (up to 24 months).

Benefits include:

Credit Rescue

Build or rebuild your credit score and save while you borrow1.

Flexible Terms

Loan terms up to 24 months.

Loan Amount

Loan amount of $1,000 and $2,000.

Low Rate

Fixed 6.0% APR2.

Ready for a fresh start…Let’s build together.

Frequently Asked Questions

Whether you’re starting fresh or picking up where you left off, our Credit Builder Loan is a great way to establish or restore positive credit history and build your savings at the same time!

Your funds and earned dividends are held in a secured savings account while you make monthly payments on your loan. Loan funds are available when the monthly payments principal portion is released.

Regular monthly payments are essential to building a positive credit history. If you secure a Credit Builder Loan, you should plan to make consistent payments through the loans scheduled completion date.

There’s no guarantee how much a Credit Builder Loan will improve your credit score because many different variables can impact your credit score. However, as long as you make your monthly payments on time without a late payment, your credit report will reflect your successful completion of on-time, scheduled payments – an important factor in improving your score.

There are no application or origination fees for the loan.

Completing a Credit Builder Loan doesn’t automatically qualify you for additional loan products. Still, our underwriters consider several factors when reviewing your loan request – including credit history and financial standing. Therefore, the successful completion of your Credit Builder loan can provide evidence of your financial responsibility.

A Credit Builder Loan is designed to establish a positive credit history while building savings for the future. Loan funds are placed in an account for safekeeping while you are making scheduled payments.

A personal loan provides funds that are available immediately for your use.

1 Results are not guaranteed, and your credit score’s improvement depends on your financial behavior. Even if you are paying your loan, credit problems on other accounts you own, such as late payments, missed payments, and other defaults, may impact your credit score. This loan will not remove negative credit history from your credit report.

2 APR is Annual Percentage Rate. APR is subject to change. The rate listed assumes a loan term up to 24 months. The rate is subject to credit certification and approval. An example of payment terms is as follows: an amount financed of $1,000 with an APR of 6.00% and a term of 12 months would have a monthly payment of $94.67.

3 You must maintain a daily balance of $100 in the account to earn dividends. The dividend rate and annual percentage yield (APY) may change at any time. Dividends are credited and compounded to your account quarterly. If you close your account before the accrued dividends are credited, the dividend will be forfeited at the time of closing the account.