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Credit Builder Loans
Let Telco help you build your credit score through series of 4 loans which are incrementally larger.
Key Features
- Gives you a chance to get a loan
- Earn interest on money that is on hold
- Encourages saving
- Helps members with no credit to establish credit
Key Benefits
- Helps establish credit
- Builds trust & honesty with Telco
- 4 Steps to credit builder
Requirements
- Telco member
- Permanent employment
- Established credit
- Work at least 25 hours per week
- Must have established Share Draft Checking with Telco for a minimum of 3 months
*Annual Percentage Rate
APR* Loans
| Term | Rate |
|---|---|
| New Auto* | 5.70% - 16.00% |
| Used Auto* | 6.05% - 16.00% |
| Signature* | 7.50% - 16.00% |
| Visa Card | 9.99% - 22.99% |
| Insurance | 9.00% |
| ODLOP | 16.00% |
| Credit Builder | 16.00% |
| New RV | 5.65%- 10.95% |
| Used RV | 5.95% - 11.95% |
| New Boat/Jetski | 5.65% - 9.70% |
| Used Boat/Jetski | 6.20% - 9.70% |
| New Motorcycle | 7.40% - 10.20% |
| Used Motorcycle | 9.30% - 10.95% |
| New ATV | 5.65% - 8.45% |
| Used ATV | 9.30% - 10.95% |
| Share Loan | 2.25% - 2.75% |
| Home Equity - Variable | Prime - 1% |
| Home Equity - Fixed | 9.00% - 9.75% |