Best Credit Builder Loans in Idaho
Published: 25 June 2024
Author: Noah Gomez
Finding
the right credit builder loan can be challenging. You may be tempted to
choose a popular national offer, but local institutions often propose
superior terms.
In Idaho, we looked at
over 15 banks, credit unions, and digital lenders to find the most
competitive options on the market.
Unfortunately, the only local offers are fully-secured CBLs, so consumers looking for secured options will need to choice national offers.
Best Overall
Great Basin Credit Union
Avg. Principal: $2,550
Avg. APR: 3%
Avg. Length: 12 months
Great Basin is also available in Nevada, but it's strong enough to be best overall. At 3%, its APR is significantly lower than the national average of 7.78%.
It's also available in amounts ranging $100 to $5,000 on 1 year durations, which is competitive on the national stage and accommodates most borrowers' needs.
Best from Bank (Physical)
Magnum
Avg. Principal: $6000
Avg. APR: 7.42%
Avg. Length: 66 months
Best from Credit Union
Great Basin Credit Union
Avg. Principal: $2,550
Avg. APR: 3%
Avg. Length: 12 months
Best from Digital Lender
CreditStrong
Avg. Principal: $1050
Avg. APR: 15.62%
Avg. Length: 36 months
Best Idaho-Only Credit Builder Loans
Best Multi-State Credit Builder Loans Available in Idaho
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