Get a $150 bonus with the Everyday Rewards+ Visa Card, plus earn up to 4X points on eligible purchases. Subject to credit approval. See offer page for details.
4X points on dining, take-out and food delivery
2X points at grocery stores, gas stations, and more
It’s easier than you think to take control of your credit.
The Popular Credit Builder Loan1 helps you build or establish your credit score. The money you borrow is kept in a secure account2 while you make monthly payments. Once you finish paying off the loan, you get the money you borrowed back — helping you build credit and save money together.
Your path to better credit starts here.
Improve your credit score.
On-time payments can help build positive credit history.
Quick and easy to apply.
Get started even if you have little or no credit.
Hit your savings goal.
At the end of the loan term, you’ll receive the full amount you paid.
Fixed, predictable payments.
Manageable monthly payments make it easy to stay on track.
Frequently asked questions about our Credit Builder Loans.
With our Credit Builder Loan, instead of receiving your loan funds upfront, the funds are held in a secure savings account while you make fixed monthly payments. Once your Credit Builder Loan is paid in full, the money is released to you — allowing you to build your credit and save money for the future at the same time.
A Credit Builder Loan is ideal for individuals looking to establish, rebuild, or strengthen their credit history.
Yes, a Credit Builder Loan may help to improve your credit score. Your on-time payments are reported to major credit bureaus, helping you build a positive payment history.
Credit Builder Loan amounts start at $1,000 and go up to $10,000, depending on your needs.
After
visiting a branch to speak with your banker or contacting us at 1-888-317-9062, you'll provide information for your Credit Builder Loan application, including your ID and loan amount. After submitting your application, you may be asked for more information to move forward, or you could receive approval the same day.
This can vary on a loan-by-loan basis. However, the standard documentation required upfront for a Credit Builder Loan is your ID and income information.
There are no credit score requirements to apply for a Credit Builder Loan. This type of loan is designed for individuals with little to no credit history.
No, you can pay off your Credit Builder Loan early without incurring any additional fees.
Take your first step towards healthy credit today.
Visit your nearest branch to start your Credit Builder application today.
1All loans are subject to credit approval. Individual benefits will vary, assumes and relies on customer making monthly payments for this loan and all other credit obligations on time and according to the individual credit terms agreed to.
2As soon as the savings account is opened, a permanent “Hold” will be placed on the savings account for the entire term of the loan, funds cannot be withdrawn or transferred and will not be released, including the interest earned, until the loan has been paid in full, including all outstanding fees. Upon payment in full, funds can be disbursed directly to you or transferred to another Popular Bank deposit account. Availability of funds may take up to two weeks.
NYC Residents: Popular Bank provides language access services in Spanish. Please note that Popular Bank has customer service options to speak with an agent in Spanish. Popular Bank’s language access services are limited to verbal communications with an agent in Spanish. Popular Bank does NOT provide any other language access services in Spanish (or any other language) and, specifically, does not provide translations of any documents in Spanish (or any other language).
A translation and description of commonly-used debt collection terms is available in multiple languages on the NY Department of Consumer Affair’s website, www.nyc.gov/dca
Please never share your Popular account details with anyone. Popular will never ask you for your password through email, social media or a third-party website. Learn more.
This is a hyperlink to a third-party website, as described in our Weblinking Practices. Note that such third party's respective privacy policy and security practices may differ from those of Popular or its affiliates. Neither Popular nor any of its affiliates assumes any responsibility, nor do they control, endorse or guarantee any aspect of your use of any linked third-party website. Hyperlinks to third-party websites are solely for informational purposes and for use at your own risk.
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Important Update
The Speedpay® link to pay your loan is changing on January 28, 2021. If you have saved this link in your bookmarks please be aware that the old link will no longer work after December 16.
This is a hyperlink to a third-party website, as described in our Weblinking Practices. Note that such third party's respective privacy policy and security practices may differ from those of Popular or its affiliates. Neither Popular nor any of its affiliates assumes any responsibility, nor do they control, endorse or guarantee any aspect of your use of any linked third-party website. Hyperlinks to third-party websites are solely for informational purposes and for use at your own risk.
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