Best Credit Builder Loans in Louisiana

Published: 31 January 2024

Author: Noah Gomez 

Finding the right credit builder loan takes time and effort, and sometimes local institutions offer better terms than national options. In Louisiana, we looked at over 50 banks, credit union, and online providers to find the most cost-effective and quality options in the market.

Best Overall

Heart of Louisiana Credit Union

Avg. Principal: $750
Avg. APR: 6.75%
Avg. Length: 9 months

Heart of Louisiana's credit builder loan is available in 10 parishes across the state (Rapides, Winn, Allen, Natchitoches, Evangeline, Concordia, Catahoula, LaSalle, Avoyelles, and Grant).

It is the most competitive local option at 12.22% average interest (6.75% APR) on an accessible $750 over 12 months. Louisiana's own Fidelity Bank offers a good option, but it is nearly twice the interest.

Moreover, although it has similar terms, First Pioneers CU is available in only 5 parishes (Lafayette Parish, Acadia Parish, St. Martin Parish, Vermilion Parish, and Iberia Parish).

Best from Bank (Physical)

Regions Bank

Avg. Principal: $1,625
Avg. APR: 5%
Avg. Length: 12 months

Best from Credit Union

Heart of Louisiana Credit Union

Avg. Principal: $750
Avg. APR: 6.75%
Avg. Length: 9 months

Best from Digital Lender


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

Best Louisiana-Only Credit Builder Loans

Best Multi-State Credit Builder Loans Available in Louisiana

Thick Credit Logo


Privacy Policy
Terms & Conditions
Your Rights: CROA & FCRA

Made with ❤️ in Florida

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.