Best Credit Builder Loans in Minnesota

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.

It's easy to look for nationwide offers because they're well-known, but Minnesota has several strong offers right at home in the Gopher state.

Best Overall

Affinity Plus Credit Union

Avg. Principal: $750
Avg. APR: 6%
Avg. Length: 12 months

At 6%, Affinity Plus's credit builder APR is well below the national 7+% average. Given that they offer 6 - 12 month terms on amounts from $500 - $1,000, this option is one of the more flexible and inexpensive ones in the nation.

Best from Bank (Physical)

Sunrise Banks

Avg. Principal: $625
Avg. APR: 17%
Avg. Length: 15 months

Best from Credit Union

Affinity Plus Credit Union

Avg. Principal: $750
Avg. APR: 6%
Avg. Length: 12 months

Best from Digital Lender

Prosper

Avg. Principal: $26,000
Avg. APR: 21.49%
Avg. Length: 42 months

Best Minnesota-Only Credit Builder Loans

Best Multi-State Credit Builder Loans Available in Minnesota

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