Best Credit Builder Loans in Vermont
Published: 8 July 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 Vermont, we scanned almost every bank, credit union, and online provider available in the state to find the most cost-effective and quality options available to you.
Best Overall
Northfield Savings Bank
Avg. Principal: $1,000
Avg. APR: 5.5%
Avg. Length: 36 months
Northfield Savings Bank's credit builder boasts 5.5% APR, which is far below the national average of 7.78%.
It's a straightforward $1,000 loan over 3 years (36 months), which is a healthy period for most borrowers.
Best from Bank (Physical)
Northfield Savings Bank
Avg. Principal: $1,000
Avg. APR: 5.5%
Avg. Length: 36 months
Best from Credit Union
Opportunities Credit Union
Avg. Principal: $1,000
Avg. APR: 5.99%
Avg. Length: 36 months
Best from Digital Lender
Ava
Avg. Principal: $252
Avg. APR: 2%
Avg. Length: 12 months
Best Vermont-Only Credit Builder Loans
Best Multi-State Credit Builder Loans Available in Vermont
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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