CommonWealth One is proud to offer members a Payday Loan Alternative. If you need to borrow money for unexpected expenses, our Credit Builder Loan offers you a more affordable option. Plus, there is NO CREDIT CHECK and NO APPLICATION FEE required!
Our Credit Builder Loan features:
- Fixed Rate of 11.11% APR*
- Borrow up to $1,000
- Repayment terms up to 12 months
- Must be a member in good standing
- Must have a regular direct deposit of $500 or more to your COFCU account for the past 90 days
- Only one Credit Builder Loan is permitted at a time
Applying is easy, too! If you meet the minimum requirements noted above, simply complete our personal loan application online and select "Credit Rebuilder" as the purpose from the drop down menu.
If you have any questions, contact us at (703) 823-5211 or (800) 424-3334.
*Annual Percentage Rate (APR). Payments for $1,000 loan at 11.11% APR for 12 months are approximately $90.02 per month. Rates are subject to change without notice.