Best Credit Builder Loans in Arizona
Published: 9 April 2024
Author: Noah Gomez
Finding the right credit builder requires time and patience, and sometimes we look in the wrong places. In Arizona, a number of local institutions offer credit builder loans that are competitive even on the national stage. We looked at over 30 banks, credit unions, and digital lenders to identify the most affordable yet trustworthy options for Arizonians.
Best Overall
AERO Federal Credit Union
Avg. Principal: $2,750
Avg. APR: 5%
Avg. Length: 21 months
With a reach across the state, AERO Credit Union's credit builder loan is not only the most affordable (only 5% APR vs. 7.78% average), it's also the most widely available. Principal amounts as low as $500 are available for healthy terms ranging from 6 months to several years. Even compared to major national brands, AERO is a superior choice for Arizonians.
Best from Bank (Physical)
BMO Bank
Avg. Principal: $1000
Avg. APR: 12.24%
Avg. Length: 42 months
Best from Credit Union
AERO Federal Credit Union
Avg. Principal: $2,750
Avg. APR: 5%
Avg. Length: 21 months
Best from Digital Lender
Upstart
Avg. Principal: $25,500
Avg. APR: 20.3%
Avg. Length: 48 months
Best Arizona-Only Credit Builder Loans
Best Multi-State Credit Builder Loans Available in Arizona
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