Best Credit Builder Loans in Kansas
Published: 3 July 2024
Author: Noah Gomez
Finding the right credit builder loan is not easy. In addition to amount, APR, and duration, you have to consider to which bureaus the loan reports, cancellation penalties, and more.
Additionally, strong local offers often get lost in the shadow of national offers. In Kansas, this is true for our top pick.
Best Overall
Meritrust Credit Union
Avg. Principal: 100% of Your Savings
Avg. APR: 2.75%
Avg. Length: 36 months
At 2.75%, the APR on Meritrust's offer is among the most competitive in the country (7.78% average). With 36 month durations, duration will work for most consumers.
There is one catch. This is a fully-secured CBL, which means you will need to front the full amount of the loan in advance.
Best from Bank (Physical)
Carson Bank
Avg. Principal: 100% of Your Savings
Avg. APR: 6.88%
Avg. Length: 10 months
Best from Credit Union
Meritrust Credit Union
Avg. Principal: 100% of Your Savings
Avg. APR: 2.75%
Avg. Length: 36 months
Best from Digital Lender
Cheese
Avg. Principal: $1,250
Avg. APR: 10.5%
Avg. Length: 12 months
Best Kansas-Only Credit Builder Loans
Best Multi-State Credit Builder Loans Available in Kansas
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