Best Credit Builder Loans in Alabama

Published: 6 February 2024

Author: Noah Gomez 

Finding the right credit builder loan takes time and effort, and sometimes local institutions offer better terms than national offers. In Texas, we looked at 80 banks, credit union, and online providers to find the most cost-effective and quality options in the market.

Best Overall

Coosa Pines Credit Union

Avg. Principal: $500
Avg. APR: 13.25%
Avg. Length: 24 months

Coosa Pines's credit-builder loan covers 6 of Alabama's 67 counties, including it's largest (Jefferson). With accessible $500 principal over 24 months and only $26 monthly payment, this offer wins over Tyndall and other credit unions despite a higher 13.25% APR compared to the average 7.42%.

Borrowers outside Coosa's range should consider BankPlus as an alternative.

Best from Bank (Physical)

BankPlus

Avg. Principal: $750
Avg. APR: 5.07%
Avg. Length: 18 months

Best from Credit Union

Coosa Pines Credit Union

Avg. Principal: $500
Avg. APR: 13.25%
Avg. Length: 24 months

Best from Digital Lender

CreditStrong

Avg. Principal: $1050
Avg. APR: 15.62%
Avg. Length: 36 months

Best Alabama-Only Credit Builder Loans

Best Multi-State Credit Builder Loans Available in Alabama

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