Best Credit Builder Loans in Illinois

Published: 10 April 2024

Author: Noah Gomez 

Finding the right credit builder loan is not easy. Some people jump on well-known brands, only to find out they paid more than necessary. In some states, local lenders can provide better terms than national brands.

In Illinois, we looked at over 36 banks, credit unions, and digital lenders to pull out the most cost-efficient and trustworthy credit-builder in the market.

Best Overall

First Eagle Bank

Avg. Principal: $1,375
Avg. APR: 5%
Avg. Length: 18 months

It's rare for banks to land the first spot in our rankings, but Illinois' own First Eagle Bank's credit builder loan claims 5% APR (below the national average) for comfortable 12 - 24 month durations on accessible principal amounts as low as $250.

Best from Bank (Physical)

First Eagle Bank

Avg. Principal: $1,375
Avg. APR: 5%
Avg. Length: 18 months

Best from Credit Union

Self-Help Federal Credit Union

Avg. Principal: $1,250
Avg. APR: 4%
Avg. Length: 15 months

Best from Digital Lender


Avg. Principal: $1,250
Avg. APR: 10.5%
Avg. Length: 12 months

Best Illinois-Only Credit Builder Loans

Best Multi-State Credit Builder Loans Available in Illinois

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