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A loan solution from Home Bank

Loan financing can be tricky for those with no credit history or those with a credit history that needs repair. That’s where Home Bank’s Credit Builder Loan can help. This loan was created to help borrowers build or rebuild credit history* and start on a path to financial success. How does it work? The Credit Builder Loan funds a savings account that borrowers have access to when all payments are completed. Borrowers will gain the benefit of a solid loan payment history and have a nice jump start on savings.

  • Borrow between $500 to $2,500 with various terms available. 

  • The interest rate is fixed for the term of the loan.  

  • Monthly principal and interest payments are required.  

  • Loan funds are deposited into a savings account and not available for withdrawal. 

  • When fully repaid, access the balance of the savings account, plus interest earned.** 

  • Payment history is reported to credit bureaus.  
  1. *Results are not guaranteed. Improvement in credit score dependent on your specific situation and financial behavior. Failure to make monthly minimum payments by the payment due date each month will result in negative reporting to your credit report which will not improve your credit history. This product will not repair your credit, and negative credit history will not be removed from your credit report as a result of this program. Subject to approval. Not all applicants will be approved.

    **Loan funds in the Home Bank savings account earn interest at the published interest rate for the Statement Savings account. Please see the Savings Account Truth in Savings disclosure for further details.