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Credit Builder Loan
A Credit Builder Loan is a short-term loan offered to individuals who are either trying to establish good credit or repair poor credit.
How it works:
- North Cascades Bank makes a loan to the individual in an amount ranging from $500 - $2,000.
- Loan proceeds are deposited into a savings account under the borrower's name and available upon full repayment of the loan.
- Terms range from 24-36 months.
- Once loan is paid in full, you will have full access to the funds in the savings account.
Other benefits: As an added benefit, you will receive an interest rate reduction on your Credit Builder Loan. To get started with our Credit Builder program, contact us using the link below.