Best Credit Builder Loans in South Carolina
Published: 1 February 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 South Carolina, we looked at over 35 banks, credit union, and online providers to find the most cost-effective and quality options in the market.
Best Overall
Carolina Trust Federal Credit Union
Avg. Principal: $750
Avg. APR: 12%
Avg. Length: 9 months
Carolina Trust FCU's 12% APR (21.51% interest) credit-builder is available for periods as short as 6 months, and at a principal of $500 — $1,000, it meets the needs of most consumers across 5 South Carolina counties, unlike other SC Credit Unions.
Best from Bank (Physical)
Community Works South Carolina
Avg. Principal: $900
Avg. APR: 2%
Avg. Length: 12 months
Best from Credit Union
Carolina Trust Federal Credit Union
Avg. Principal: $750
Avg. APR: 12%
Avg. Length: 9 months
Best from Digital Lender
Build (aka "GetBuild")
Avg. Principal: $1,092
Avg. APR: 15.81%
Avg. Length: 18 months
Best South Carolina-Only Credit Builder Loans
Best Multi-State Credit Builder Loans Available in South Carolina
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