Credit Builder Loan

Credit Builder Loan Rate

Loan Term	APR*
14 Months	9.99%

Effective Date September 18, 2023

*APR = Annual Percentage Rate. Approval subject to underwriting. This is a closed end consumer loan. A $49.00 application fee will be added to the loan. Membership at Allegiance Credit Union required.

NO CREDIT CHECK

This $1,000 loan requires no credit check. Everyone gets the same rate.

NO RESTRICTIONS

Once your Credit Builder loan is paid off, spend the money however you like.

BUILD YOUR CREDIT SCORE

Make on-time payments for 14 months to boost your credit score.

APPLY ONLINE 24/7

Apply online 24/7 for our Credit Builder Loan and get one step closer to your goal!

Apply Online

A Credit Builder Loan is a smart, secure way to start building or repairing your credit. Whether you're just getting started or working to bounce back, applying online is quick, easy, and puts you in control of your financial future. Don't forget, regardless of your credit score, approved applications will receive the same rate.

Start your application from anywhere 24/7.
Trust that decisions are made locally, right here in our state of Oklahoma.
Enjoy fast turnaround times on loan applications.

Apply Now

We Front You The Money

If approved, we deposit $1,000 into your savings account and then a hold is placed on the funds while you make monthly payments on it.

Apply Now

You Make Monthly Payments

Throughout the 14-month term, making regular and on-time payments will reduce your loan balance and boost your credit score. Although you can pay it off early, we suggest making at least six payments to improve your credit score.

Apply Now

Enjoy Better Credit

Congratulations! Once you have completely paid off your loan, the hold is removed from the funds and the $1,000 is yours to do with as you please.

While building credit isn't hard, it does take consistency, patience, and time.Now that you have put in the hard work of building or improving your credit score, you can now benefit from:

Lower interest rates.
Higher credit limits.
Easier approval on other loans.

Apply Now

Apply Online

A Credit Builder Loan is a smart, secure way to start building or repairing your credit. Whether you're just getting started or working to bounce back, applying online is quick, easy, and puts you in control of your financial future. Don't forget, regardless of your credit score, approved applications will receive the same rate.
- Start your application from anywhere 24/7.
- Trust that decisions are made locally, right here in our state of Oklahoma.
- Enjoy fast turnaround times on loan applications.
Apply Now
We Front You The Money

If approved, we deposit $1,000 into your savings account and then a hold is placed on the funds while you make monthly payments on it.

Apply Now
You Make Monthly Payments

Throughout the 14-month term, making regular and on-time payments will reduce your loan balance and boost your credit score. Although you can pay it off early, we suggest making at least six payments to improve your credit score.

Apply Now
Enjoy Better Credit

Congratulations! Once you have completely paid off your loan, the hold is removed from the funds and the $1,000 is yours to do with as you please.

While building credit isn't hard, it does take consistency, patience, and time.Now that you have put in the hard work of building or improving your credit score, you can now benefit from:
- Lower interest rates.
- Higher credit limits.
- Easier approval on other loans.
Apply Now

Apply Online

Start your application from anywhere 24/7.
Trust that decisions are made locally, right here in our state of Oklahoma.
Enjoy fast turnaround times on loan applications.

Apply Now

focused-african-american-guy-talking-cell-looking-tablet-screen

Your Credit Comeback Begins

"No Credit Check" Loans Do Exist

If you live in Canadian, Cleveland, Grady, Lincoln, Logan, McClain, Oklahoma, or Pottawatomie counties and you're searching for a no credit check loan, you’re in the right place. Allegiance Credit Union’s Credit Builder Loan is a smart solution for building or rebuilding your credit—no credit check required.

It’s a simple, secure way to improve your score and take charge of your financial future.

Apply Now

happy-beautiful-asian-accountant-woman-working-about-financial-with-business-report-calculatorfinancial-accounting-concept

Breaking Down The Facts

What Is A Good Credit Score?

Asking what is a good credit score can be something of a loaded question. The simple truth is that lenders consider numbers between 300 and 850 in ranges that are assigned to values. The following example includes professional values and layman’s terms.

Superprime (Excellent): 781-850
Prime (Very Good): 661-780
Nonprime (Average): 601-660
Subprime (Fair): 501-600
Deep Subprime (Poor): 300-500

Given that higher credit scores help borrowers earn low interest rates and favorable repayment terms, a good credit score involves the highest possible number you can achieve. Feeling unsure about your finances? Get in touch with our free financial counselors if you would like to take a deeper dive into your finances.

Apply Now

What Our Members Are Saying

"They have always helped me when I needed it."

Dianna M.

"I feel like all of my interactions with ACU have been focused on my financial health and well-being as opposed to what my most benefit the credit union."

Kevin M.

Additional Resources

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What is the interest rate on a Credit Builder Loan?

Our Credit Builder Loan Rate is a flat 9.99% APR regardless of your credit score. Applicants must qualify for membership at Allegiance Credit Union.

Can I pay my Credit Builder Loan off early?

Absolutely! However, we highly recommend that you make at least 6 payments before paying off your loan in order to benefit your credit score.

Can I increase my Credit Builder Loan amount?

No, our Credit Builder Loan is a set amount of $1,000. If you are needing access to funds now, please visit our Personal Loans page. Our standard Personal (signature) Loans are subject to credit score approval.

For All Who Want to Build Strong Credit

Start Your Credit Builder Loan Application Today