Best Credit Builder Loans in Delaware
Published: 8 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 Texas, we looked at almost every bank, credit union, and online provider to find the most cost-effective and quality options in the market.
Best Overall
TideMark Federal Credit Union
Avg. Principal: $500
Avg. APR: 8%
Avg. Length: 6 months
If you're a resident of Sussex or Kent counties, TideMark's credit builder proposes 8% APR, which is only a few decimal points above the 7.78% national average. It's available for $500 over 6 months, which is a standard, healthy combination of terms.
Others in Delaware are strong, but they're fully-secured, which means you'll need all the funds deposited up-front.
Best from Bank (Physical)
M&T Bank
Avg. Principal: $51,000
Avg. APR: 8.37%
Avg. Length: 36 months
Best from Credit Union
Delaware State Police Federal Credit Union
Avg. Principal: 100% of Your Savings
Avg. APR: 2.05%
Avg. Length: 63 months
Best from Digital Lender
Prosper
Avg. Principal: $26,000
Avg. APR: 21.49%
Avg. Length: 42 months
Best Delaware-Only Credit Builder Loans
Best Multi-State Credit Builder Loans Available in Delaware
Thick Credit is not a credit repair organization, a credit conseling agency, or a debtor education providor. It does not act on your behalf to communicate with credit reporting agencies or provide pre-bankruptcy credit counseling and pre-discharge debtor education for bankruptcy.
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