Best Credit Builder Loans in Missouri

Published: 7 April 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.

Moreover, sometimes local institutions offer better terms than national brands. In Missouri, we looked at over 10 banks, credit unions, and digital lenders find the most cost-effective and reputable offers on the market.

Altogether, Missourians have ample options.

Best Overall

First Bank

Avg. Principal: $500
Avg. APR: 4.01%
Avg. Length: 12 months

At 4.01%, First Bank's credit builder loan APR is below the national average, making it a competitive local option for $500 average principal over a standard 12 month term.

This represents a rare example of a bank as the best local option, and it's even rarer that the second best option is also a bank: Hawthorn.

Best from Bank (Physical)

First Bank

Avg. Principal: $500
Avg. APR: 4.01%
Avg. Length: 12 months

Best from Credit Union

Mainstreet Credit Union

Avg. Principal: [Your Savings + $500]/2
Avg. APR: 3%
Avg. Length: 30 months

Best from Digital Lender


Avg. Principal: $240
Avg. APR: %
Avg. Length: 24 months

Best Missouri-Only Credit Builder Loans

Best Multi-State Credit Builder Loans Available in Missouri

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