Credit Builder Loan

When it comes to financial well-being, a good credit history plays an important role. Whether you’re a first-time borrower, or working on repairing damaged credit, our Credit-Builder Loan may help you establish a good credit history.

How it works:

1. Borrow any amount between $1,000 and $5,000
2. A Loan Specialist will conduct a hard inquiry into your credit rating
3. Loan proceeds are securely placed in a Canal Bank Certificate of Deposit (CD)
4. Repay the loan in manageable installments, following the provided payment schedule, and watch your credit history improve
5. Upon maturity of the CD, you’ll receive the proceeds and also any accrued interest

Don’t wait to establish a good credit history or repair one that’s been damaged.

Apply for a Credit-Builder Loan today! Contact a Loan Specialist online or by calling 800-836-3711 for more information.