Best Credit Builder Loans in Pennsylvania
Published: 9 April 2024
Author: Noah Gomez
Finding a credit builder loan can be challenging, and sometimes strong local offers are easy to skip in favor of popular national brands, even if the terms are better locally.
In Pennsylvania, we looked at over 55 banks, credit unions, and digital lenders to find the most cost-effective yet trustworthy options on the market.
Best Overall
Philadelphia Credit Union
Avg. Principal: $625
Avg. APR: 4%
Avg. Length: 15 months
PFCU's credit builder boasts a 4% APR (under the national average of 7.78%) for terms of 12 - 18 months on amounts as low as $250. Even at the national level, this is a competitive offer.
The catch? It's only available in Philadelphia and Columbia country. Residents out this are will have to go with an alternative, which there are fortunately plenty of below.
Best from Bank (Physical)
BMO Bank
Avg. Principal: $1000
Avg. APR: 12.24%
Avg. Length: 42 months
Best from Credit Union
Philadelphia Credit Union
Avg. Principal: $625
Avg. APR: 4%
Avg. Length: 15 months
Best from Digital Lender
Cheese
Avg. Principal: $1,250
Avg. APR: 10.5%
Avg. Length: 12 months
Best Pennsylvania-Only Credit Builder Loans
Best Multi-State Credit Builder Loans Available in Pennsylvania
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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