Credit Builder Loan
Start rebuilding your credit
Looking to build or repair your credit? As part of a comprehensive plan, our Credit Builder loan can provide an easy, affordable and impactful way to improve your credit score. Terms can be tailored to fit your credit building needs, with a simple payment each month of just $10 a month. The loan funds, secured for the life of the loan, will be placed in your savings account once fully repaid.
If you have reported losses on your current credit report or any loans that are currently delinquent, it’s highly recommended that you pay off any owed balances and/or bring any active loans current before applying for a credit builder loan. Point West’s member service team can work with you to identify any areas of concern and work with you to address them to ensure your credit builder loan can be successful. We also offer comprehensive credit tools and counseling via our partner Credit Pathways. Click here to see if Credit Pathways can help you.
Term |
Structure |
Loan Amount |
Rate (APR)* |
Fee |
Monthly Payment |
---|---|---|---|---|---|
*APR = Annual Percentage Rate. All rates and programs are subject to change at any time. The application fee is due at the time of application. Contact Point West at 503.546.5000 or 888.468.5826 for the latest complete rates and terms. |
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6 months |
Application Fee |
$60.00 |
0.00% |
$5.00 |
$10.00 |
12 months |
Application Fee |
$120.00 |
0.00% |
$10.00 |
$10.00 |
18 months |
Application Fee |
$180.00 |
0.00% |
$15.00 |
$10.00 |
24 months |
Application Fee |
$240.00 |
0.00% |
$25.00 |
$10.00 |
36 months |
Application Fee |
$360.00 |
0.00% |
$45.00 |
$10.00 |