Credit Builder Loans
Our goal is to help you build or rebuild your credit.
Maine Family FCU wants to help members establish good credit. The Maine Family FCU Credit Builder Loan is designed to help members with no credit, little credit, or unfavorable credit.
- Request the loan amount ranging from $500-$1,000.
- Terms range from 6 months to 1 year.
- The funds from the loan are deposited into your Maine Family FCU Savings Account.
- Payments are made monthly. Once a payment is made, that portion gets released and the funds can be withdrawn from your savings account as needed.
Credit Builder Loan Rates
Credit Builder Loan is available to members with no credit score or credit scores less than 635.
Effective 04/26/2024
| Minimum Loan Amount | Maximum Loan Amount | Minimum Term | Maximum Term | Rates As Low As | Payment Per $1,000 |
|---|---|---|---|---|---|
| $500 | $1,000 | 6 Months | 12 Months | 5.25% APR* | $85.68 |
*APR= Annual Percentage Rate. Member eligibility required. Approval not guaranteed; must meet lending qualifications. Other terms and limitations may apply.