Best Credit Builder Loans in West Virginia
Published: 13 May 2024
Author: Noah Gomez
Finding
the right credit builder loan can be challenging. You may be tempted to
choose a popular national offer, but local institutions often propose
superior terms.
In West Virginia, we looked at over 23 banks, credit unions, and digital lenders to find the most competitive options on the market. You're in luck, because West Virginia's credit union's propose some of the most competitive offers in the country.
Best Overall
West Virginia Federal Credit Union
Avg. Principal: 100% of Your Savings
Avg. APR: 2%
Avg. Length: 60 months
At 2%, WV Federal Credit Union's credit builder APR is well below the national average of 7.78%. That said, this is a fully-secured CBL, which means you'll have to have the full principal amount available up front. It can be any amount, and the payment period can last up to 60 months.
Best from Bank (Physical)
M&T Bank
Avg. Principal: $51,000
Avg. APR: 8.37%
Avg. Length: 36 months
Best from Credit Union
West Virginia Federal Credit Union
Avg. Principal: 100% of Your Savings
Avg. APR: 2%
Avg. Length: 60 months
Best from Digital Lender
Kovo
Avg. Principal: $240
Avg. APR: %
Avg. Length: 24 months
Best West Virginia-Only Credit Builder Loans
Best Multi-State Credit Builder Loans Available in West Virginia
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