Personal Credit Builder Loan

Boost your credit score while building your savings.

A good credit score paves the way for your future financial journey. Start building credit through a secured builder loan by making on-time monthly payments.

Contact Drake Bank
CONTACT A BANKER
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Benefits1

Step 1

Establish & Improve Credit Score

Step 2

Build Up Savings

Step 3

Credit Reporting

Product2

  • Loan funds are placed in a CD, earning interest while you repay the loan
  • Monthly payments are made following your repayment schedule
  • Payment history is reported to the credit bureau

Contact Our Team

Janet Alland Headshot

Janet Alland, NMLS# 721546

SVP, Retail Banking

651-767-9802
jalland@drake-bank.com

1 With on-time monthly payments for the loan term, your credit score may increase after paying off your credit builder loan. Drake Bank will report your loan payment history to the credit bureau(s).
2 Eligibility requirements apply, subject to credit approval. SSN or ITIN required for loan application.

READY TO BUILD A BETTER FUTURE?