Best Credit Builder Loans in Maine
Published: 4 July 2024
Author: Noah Gomez
In Maine, we looked at over 10 banks, credit unions, and online providers to find the most cost-effective and quality options in the market.
There aren't a lot, but Maine's three offers get the job done.
Best Overall
Holy Rosary Credit Union
Avg. Principal: $500
Avg. APR: 8.25%
Avg. Length: 12 months
At 8.25%, Holy Rosary's APR is just over the national average. The principal amount is $500, so you don't have to make any decisions. Just make regular payments over a 12-month period.
Best from Bank (Physical)
Magnum
Avg. Principal: $6000
Avg. APR: 7.42%
Avg. Length: 66 months
Best from Credit Union
Maine State Credit Union
Avg. Principal: 100% of Your Savings
Avg. APR: 2%
Avg. Length: 36 months
Best from Digital Lender
CreditStrong
Avg. Principal: $1050
Avg. APR: 15.62%
Avg. Length: 36 months
Best Maine-Only Credit Builder Loans
Best Multi-State Credit Builder Loans Available in Maine
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.
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