Build a positive repayment history with Duke Credit Union and the Credit Bureaus with a Credit Builder loan. Funds from the Credit Builder loan are placed in a regular share account while the loan is in repayment. The loan is reported to the Credit Bureaus to build your credit history.
Features:
- Loan amount of $500-$1000
- Fixed interest rate of 18.000%
- Low monthly installment payments
- Loan proceeds will be held in DUFCU share account
- Loan proceeds will earn the same rate as your standard share account
- Flexible repayment terms
- Payroll deduction or electronic payment option
- Funds may be withdrawn after loan is paid in full
Requirements:
- Credit Union Membership
- Must be over 18 years of age with means to repay the loan
- 3 years of employment
- Credit Report Review with Financial Guidance Counselor
No Beacon or DTI required
Call (919) 684-6704 to Apply