Best Credit Builder Loans in Indiana
Published: 2 February 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 Indiana, we looked at over 60 banks, credit union, and online providers to find the most cost-effective and quality options in the market.
Best Overall
Stanley Credit Union
Avg. Principal: $1,375
Avg. APR: 5.7%
Avg. Length: 15 months
Stanley Credit Union's $2,500 option at 10.67% interest (5.7% APR) provides more flexibility and affordability than other credit unions in the state across 11 of 92 counties. Indiana is an important state for credit builder loans, which makes Stanley CU's credit-builder competitive even at the national level.
Best from Bank (Physical)
Republic Bank
Avg. Principal: $1,000
Avg. APR: 9.25%
Avg. Length: 18 months
Best from Credit Union
Stanley Credit Union
Avg. Principal: $1,375
Avg. APR: 5.7%
Avg. Length: 15 months
Best from Digital Lender
Bright
Avg. Principal: $525
Avg. APR: %
Avg. Length: 11 months
Best Indiana-Only Credit Builder Loans
Best Multi-State Credit Builder Loans Available in Indiana
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