Starter Loan*

This is a $500 loan that you receive up front and pay off over a period of time.

• Why choose a Starter Loan?
  • Upon verification of credit and employment funds will be available right away
  • You get the opportunity to establish a credit score as you pay the loan off
• Something to consider- You must be careful with a starter loan as this loan puts your credit score and PCFCU at a higher risk if you do not make payments on time.

This is a $500 loan that you receive in installments as you pay it down.

• Why choose a Credit Builder Loan?
  • Lower rate than the Starter Loan because of how you receive the money
  • This keeps you and PCFCU at a lower risk
  • You build your credit score while learning how interest and payments work
  • This works best for those who are primarily looking to build their credit and not in need of all the loan money right now

*Loan Term up to 12 months. Subject to credit and employment verification. Must be 18 years of age or older.

What age do you have to be to apply for a Starter or Credit Builder Loan? 

You must be at least 18 years old. 

Can I use these loans to rebuild my credit?

No, these loans are for individuals looking to establish credit for the first time.