Best Credit Builder Loans in Iowa
Published: 29 May 2024
Author: Noah Gomez
Finding the right credit builder loan is no quick feat, and it's easy to
skip over strong local offers in favor of weaker national brands. In Iowa, we looked at over 20 banks, credit unions, and digital
lenders.
Unlike most states, Iowa has a limited number of "Iowa-only" CBLs, so we've included a number of offers from across the nation.
Best Overall
AbleUp Iowa
Avg. Principal: 500
Avg. APR: 7.74%
Avg. Length: 12 months
AbleUp is the first credit builder loan we identified in Iowa, and at 7.74% APR it is just below the national average of 7.78%, making its $500 loan over 12 months competitive nationwide.
Best from Bank (Physical)
Regions Bank
Avg. Principal: $1,625
Avg. APR: 5%
Avg. Length: 12 months
Best from Credit Union
Zing Credit Union
Avg. Principal: $750
Avg. APR: 10%
Avg. Length: 24 months
Best from Digital Lender
Ava
Avg. Principal: $252
Avg. APR: 2%
Avg. Length: 12 months
Best Iowa-Only Credit Builder Loans
Best Multi-State Credit Builder Loans Available in Iowa
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