Personal Loans

Credit Builder & Credit Re-Builder Loans

Get your credit score back on track with a Credit Re-Builder Loan from Garden Savings, and you could potentially save thousands of dollars! Most financial institutions determine your loan rate by your credit score. The better your score, the lower your rate.

These differences in interest rate charges can add up quickly and cost you a lot of extra money. A better credit score also increases your likelihood of approval for a loan. Our Credit Re-Builder Loan will help to set you on the right path to a better credit score today!**

  • The Annual Percentage Rate for your loan is the current savings rate plus 2.75%*
  • Borrow from $1,000-$3,000
  • Choose payback terms from 12-24 months
  • Funds are released to your savings account but frozen until such time as the loan is paid back
  • Loan is reported in the same fashion as any other loan Therefore
    • As you pay back the loan, this will reflect positively on your credit score**

It's quick and easy to apply

* Current savings rate is 0.10%, so the rate would equal 2.85% APR. Subject to change.

**Garden Savings Federal Credit Union cannot guarantee that this loan will boost your credit score in and of itself. There are many factors that influence credit scores and these factors come from a variety of different sources. While a credit re-builder loan, if managed properly, will affect your credit score positively, failure to manage other outstanding credit you have elsewhere could affect it negatively. In the event the loan is defaulted on, the funds that are frozen in your savings account will satisfy the balance of the loan and not be released to you. GARDEN SAVINGS IS AN EQUAL OPPORTUNITY LENDER.