At Parda, we understand that it can be tough to get approved for credit if you’re just starting out, because lenders want to see a proven track record of repayment. Likewise, if you’ve experienced financial hardship over the years, your credit history may have suffered the consequences.
In either case, our Credit Builder Loan lets you build your credit score and save $500 – $3,000 for a new beginning. The proceeds of the loan (full amount) are placed in a savings account on hold, then released to you when the loan is paid in full. That money can then be used toward your next significant purchase, a down payment, security deposit, or whatever else moves your financial life forward. And just as important, when you make your Credit Builder Loan payments on time, it provides the positive history of credit repayment you want.
Stop in to your local branch to learn more and apply today!
Credit Builder Loan Advantages
- Amounts of $500 – $3,000
- 11.75% APR1
- Terms of 6 – 12 months1
- On-time payments reported to credit bureaus
Membership required.
1APR = Annual Percentage Rate, subject to change. Contact us to verify our latest rates. Loan proceeds will be frozen in the account until the loan is paid in full. Once the loan is paid in full, the freeze will be removed and you may access the funds. Minimum loan amount is $500; maximum loan amount is $3,000. Payment example: $500 for 12 months at 11.75% APR is $44.35 per month. Not a promise to lend; some restrictions apply. Contact a Credit Union representative for complete details.
An auto loan with no payment for... 90 days!
Let’s get you from point A to point B in the vehicle you’re dreaming of. Look to us for low interest rates, and pay less for your loan over time.