Credit Builder Loan

Easily build your credit with low monthly payments, a short term, and a low fixed rate.

Building credit can be difficult. Many lenders won’t approve a loan unless the borrower has good credit, but borrowers can’t build good credit without borrowing. A Credit Builder Loan* from Centra can help you break the cycle and build the positive credit history you need for financial success.

Great if you need help with:

• Deposit and first month’s rent on an apartment
• Furniture and home supplies for your new place
• Cushioning your budget while starting a new job
• An emergency fund for big expenses
• Major travel such as a vacation or honeymoon
• Wedding and marriage expenses
• A nursery and supplies for your new baby

Loan amounts between $1,000 and $5,000

12.99% Annual Percentage Yield

$1,000 – $2,500: maximum 18 month term
$2,501 – $5,000: maximum 30 month term

Credit Builder Loans have a $35 processing fee, and require proof of at least six months at your current job.

Even if you have little to no credit history, you don’t need a co-signer on your loan.

*The Credit Builder Loan (CBL) may be a loan for any amount between $1,000 – $5,000 with a 12.99% annual percentage rate and fixed monthly payments. The maximum term for a CBL between $1,000 – $2,500 is 18 months. The maximum term for a CBL between $2,501 – $5,000 is 30 months. Monthly payments include single life and disability debt protection. This coverage is optional. No modifications will be made to the loan amount, rate, or repayment terms. Use of funds is unrestricted. A $35 processing fee applies. Proof of at least six months at your current job is required. Individuals may hold only one CBL at a time. All loans are subject to credit approval. This offer subject to change at any time.