Best Credit Builder Loans in Mississippi
Published: 30 January 2024
Author: Noah Gomez
Finding the right credit builder loan takes time and effort, and sometimes local institutions offer better terms than national offers. In Mississippi, we looked at over 30 banks, credit union, and online providers to find the most cost-effective and quality options in the market.
Best Overall
Mississippi Public Employees Credit Union
Avg. Principal: $500
Avg. APR: 3%
Avg. Length: 36 months
Mississippi Public Employees CU's credit builder offers 5.79% interest (3% APR) on average, which is competitive even on a national scale, for an accessible $500 in principal from 1 — 3 years. It's also available to more locals than other credit unions, such as Triangle Federal.
Best from Bank (Physical)
BankPlus
Avg. Principal: $750
Avg. APR: 5.07%
Avg. Length: 18 months
Best from Credit Union
Mississippi Public Employees Credit Union
Avg. Principal: $500
Avg. APR: 3%
Avg. Length: 36 months
Best from Digital Lender
Ava
Avg. Principal: $252
Avg. APR: 2%
Avg. Length: 12 months
Best Mississippi-Only Credit Builder Loans
Best Multi-State Credit Builder Loans Available in Mississippi
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