Best Credit Builder Loans in Colorado
Published: 3 July 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 Colorado, we looked at over 15 banks, credit union, and online providers to find the most cost-effective and quality options in the market.
Best Overall
Partner Colorado Credit Union
Avg. Principal: $25,050
Avg. APR: 3%
Avg. Length: 31 months
With 3% APR, Partner Colorado's credit builder loan is far below the 7% national average. It's principal range is $100 — $50k, making it a flexible choice for virtually any borrower, especially with term ranges as low as 1 month and 30 on average.
The catch is that this is a fully-secured credit-builder, which means you need to cover the principal with a deposit up front.
Best from Bank (Physical)
Vectra Bank Colorado
Avg. Principal: $25,025
Avg. APR: 10.5%
Avg. Length: 24 months
Best from Credit Union
Partner Colorado Credit Union
Avg. Principal: $25,050
Avg. APR: 3%
Avg. Length: 31 months
Best from Digital Lender
Upstart
Avg. Principal: $25,500
Avg. APR: 20.3%
Avg. Length: 48 months
Best Colorado-Only Credit Builder Loans
Best Multi-State Credit Builder Loans Available in Colorado
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