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. With our credit builder product you can:1

  • Establish and improve your credit score

  • Build your savings fund

  • Establish monthly credit reporting

Contact Our Experts

Janet Alland2025-05-22T15:09:58-05:00
Personal Banking Team | | Janet Alland Headshot

Janet Alland

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Annmarie Becker2025-05-22T15:13:01-05:00
Personal Banking Team | Annmarie Becker Headshot

Annmarie Becker

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Chelsey Martin2025-06-02T15:22:44-05:00
Personal Banking | Chelsey Martin Headshot

Chelsey Martin

How it Works2

  • 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

Our Expertise

PERSONAL CHECKING

Account options to fit your financial journey.

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PERSONAL SAVINGS

Account options for saving for your better future.

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PERSONAL LENDING

Lending options to control your liquidity.

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ONLINE BANKING

Conveniently access and manage your accounts 24/7.

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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 is required for loan application.