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Credit Builder Loan

Improve Your Financial Health Through Responsible Borrowing

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Loan Rates

  • Share Secured

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    Fixed Rate 6.05% APR*

    • Credit Builder Loan

    At Rivermark, we are committed to helping our members achieve financial wellness and independence. We understand that building credit can be a daunting task. That’s why we've introduced the Credit Builder Loan, a straightforward and efficient tool to help you build a robust credit profile.

    The Credit Builder Loan is designed to help you establish a positive credit history by reporting to all three major credit bureaus. It's an ideal solution for those who want to build or improve their credit score, and it also works perfectly for anyone wishing to make a fresh financial start.

    Ready to Get Started?

    Take control of your financial future today with our Credit Builder Loan and start building a credit history that opens doors to new opportunities!

    Apply Online

    Benefits & Features

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    Improve Your Credit

    Establish positive payment history on your credit report with on-time payments to help improved and build your credit score.
    FixedRateFlexible

    Fixed Rate & Flexible Terms

    Low-rate loan with fixed APR and flexible terms that allows you to borrow between $200 and $3000.
    MinimumFees

    Minimum Fees

    Low monthly payment and no need to worry about late payment fees.
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    Bank Anywhere, Anytime

    Access your accounts anytime, anywhere with free digital banking — convenience and control at your fingertips.

    Frequently Asked Questions

    • The Credit Builder Loan can benefit anyone who is looking to increase their credit score and build savings at the same time.

    • The Credit Builder Loan is a secured loan that will hold the loan proceeds in your Rivermark savings account for the term of the loan. Once your loan has been paid in full, the hold will be removed and the funds in your savings account will be available for use.

    • We understand that life can happen, so we built in a protection. If you’re unable to pay your loan payment, Rivermark will close your Credit Builder Loan with the secured funds in your savings, and no late payment will be reported to the credit bureaus.

    Other Secured Loan Options - Share & CD Secured Loans

    Need to make a purchase but don’t want to spend all of your savings? Rivermark Secured Loans offer you the ability to use your regular Savings or CD balances as collateral to secure your loan. If you need to establish your credit or rebuild your credit, a secured loan could help. You put a specified amount in one of our savings accounts and use it as collateral or security against a low-rate loan with great terms.
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    APR = Annual Percentage Rate. Except where otherwise indicated, the APR is accurate and is subject to change without notice. All loans are subject to underwriting approval. Must be 18 years or older to apply for a Credit Builder loan. Only one Credit Builder loan per member at a time.