Best Credit Builder Loans in Virginia

Published: 12 February 2024

Author: Noah Gomez 

Finding the right credit builder for your needs is not easy. You have to consider size, length, interest, and availability in your state.

Virginia is surprisingly sparse in credit builder loans. In fact, we scoured over 30 different banks and credit unions to find a transparent offers, but we only found one: CommonWealthOne Credit Union.

Virginia borrowers can leverage a number of nationwide offers, including our top pick below.

Best Overall


Avg. Principal: $1,250
Avg. APR: 10.5%
Avg. Length: 12 months

It's tough to find a credit builder at the national level under 12% APR within the accessible $1,000 - $2,000 range, especially one with terms ranging over 12 months, but Cheese's 12 - 18 months builder takes the cake for most borrowers.

Borrowers with excess cash or those who need to offset larger derogatory amounts can use one of the alternatives listed below.

Best from Bank (Physical)

M&T Bank

Avg. Principal: $51,000
Avg. APR: 8.37%
Avg. Length: 36 months

Best from Credit Union

Common Wealth One

Avg. Principal: $1,000
Avg. APR: 16.24%
Avg. Length: 12 months

Best from Digital Lender


Avg. Principal: $1,250
Avg. APR: 10.5%
Avg. Length: 12 months

Best Virginia-Only Credit Builder Loans

Best Multi-State Credit Builder Loans Available in Virginia

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