Best Credit Builder Loans in Kentucky
Published: 21 February 2024
Author: Noah Gomez
Finding the right credit builder loan takes time and effort, and national providers aren't always best. Some local institutions offer better terms, and in Kentucky we looked at over 15 banks, credit union, and online providers to find the most cost-effective and quality options in the market, to bring you the most value.
Best Overall
Commonwealth Credit Union
Avg. Principal: $625
Avg. APR: 3.15%
Avg. Length: 12 months
At 3%, Commonwealth Credit Union's credit-builder offers an APR lower than the national average. Available across 24 counties, this $625 average offer can be paid over 12 months for an easy $54 per month.
It's the only classic offer from a local institution, but the lack of competition doesn't stop Commonwealth from providing a stellar offer.
Best from Bank (Physical)
Republic Bank
Avg. Principal: $1,000
Avg. APR: 9.25%
Avg. Length: 18 months
Best from Credit Union
Commonwealth Credit Union
Avg. Principal: $625
Avg. APR: 3.15%
Avg. Length: 12 months
Best from Digital Lender
MoneyLion
Avg. Principal: $1000
Avg. APR: 17.99%
Avg. Length: 12 months
Best Kentucky-Only Credit Builder Loans
Best Multi-State Credit Builder Loans Available in Kentucky
Thick Credit is not a credit repair organization, a credit conseling agency, or a debtor education providor. It does not act on your behalf to communicate with credit reporting agencies or provide pre-bankruptcy credit counseling and pre-discharge debtor education for bankruptcy.
©2024 Thick Credit, All right reserved.