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Credit Builder Loan

The loan that helps you establish a positive credit rating.

Call 1-800-621-2015 to Apply

Make a Loan Payment

Credit Builder Loan Interest Rate  APR 
Credit Builder Loan 9.49% 9.49%

Rates effective as of June 18, 2018, and subject to change without notice. Each individual's Annual Percentage Rate (APR) is determined by the applicant's credit history. Not all applicants will qualify for our displayed lowest rates. Subject to credit approval.

Credit Builder Loan


  • Positions you to be eligible for future loans with Elements
  • Lets you build savings to use toward a Secured Credit Card
  • No credit qualification is required


  • You get access to the original loan amount after it has been repaid
  • Established with an original loan amount of $500-$1,000
  • 6-12 month repayment term


Our experienced, helpful member service team is ready to support you!


Live Chat

Chat Available Mon-Fri, 8 am-5 pm Eastern

The Credit Builder Loan


The Credit Builder Loan can be your first step to a better credit score. The savings you build by paying the loan off can be put toward opening a Secured Visa Credit Card.

Call us at 1-800-621-2105, to apply for the Credit Builder Loan.

Online and Mobile Banking


Easily manage your loan activity with Online Banking and the Elements Mobile App. Enjoy the same interface on your smartphone, tablet, laptop, and desktop while continuing with the security, features, and conveniences you've come to expect from Elements. Our goal with online banking is simple — to provide you with a state-of-the-art digital banking experience that you can count on and is consistent cross all your devices.

Frequently Asked Questions


Q: When do I get the money I borrowed?
A: You will receive your loan proceeds when the loan is paid in full. Until then they are held in an interest-bearing savings account in your name.

Q: What is the cost for a Credit Builder Loan?
A: There is no cost, but you will pay interest on the money you borrow.

Q: How will the Credit Builder Loan impact my credit score?
A: You will get credit for obtaining credit an A-rated financial institution, and you will get credit for all on-time payments.

How to Get Started


Call us at 1-800-621-2105 to get started.

What you’ll need to open an account:

  • Your government-issued ID (driver’s license, state ID or passport)
  • Social Security number

What to expect during the application process:

  1. We’ll contact you no later than 1 business day after you submit your application to review documentation that we’ll need from you and answer questions you may have.
  2. We’ll contact you with a decision within 10 business days.
  3. That’s it – your Elements Credit Builder Loan is now ready to use!

What Will My Loan Payments Be?

Credit Builder Loan Calculator