Best Credit Builder Loans in Alaska
Published: 6 July 2024
Author: Noah Gomez
In Alaska, we looked at over 5 banks, credit unions, and online providers to find the most cost-effective and quality options in the market.
There aren't a lot, but Tongrass credit union's offer is competitive even at the national scale.
Best Overall
Tongass Credit Union
Avg. Principal: $500
Avg. APR: 1.5%
Avg. Length: 6 months
Tongrass' credit builder has an APR of 2.50%, which is significantly less than the 7%+ national average. Moreover, it's available in 15+ municipalities, cities, and census areas for durations of 6 months in the amount of $500.
Best from Bank (Physical)
BMO Bank
Avg. Principal: $1000
Avg. APR: 12.24%
Avg. Length: 42 months
Best from Credit Union
Tongass Credit Union
Avg. Principal: $500
Avg. APR: 1.5%
Avg. Length: 6 months
Best from Digital Lender
Prosper
Avg. Principal: $26,000
Avg. APR: 21.49%
Avg. Length: 42 months
Best Alaska-Only Credit Builder Loans
Best Multi-State Credit Builder Loans Available in Alaska
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