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Credit Builder Loan

A good credit history is vital to your financial health. But how can you build one if you have no credit history, or if your history has blemishes? With a focused effort, JBT's Credit Builder Loan program may help you improve your credit score.**

JBT's Credit Builder program is a combination loan and savings program that may help you establish a good payment history, an important step in building a higher credit score. This program, along with your plan to reduce other obligations, can positively impact your credit score over time.


  • You borrow at least $1,000 for a term of 12 to 24 months.*
  • The money you borrow is then placed in a JBT Certificate of Deposit (CD) for you and earns interest.
  • You make monthly principal and interest payments to repay the amount you borrow and when you make your final payment, you can withdraw the funds or leave them invested in your JBT CD.
  • By the end of the Credit Builder Program you may see an improved credit score (based on your payment history**) and you’ll have a jump start on savings.


*This is a fixed-rate, closed-end loan. The Annual Percentage Rate (APR) is calculated by adding 2% to the Annual Percentage Yield (APY) of the Certificate of Deposit (CD). As of 3/18/20, the APY on a 12 month CD is 0.40%; the APR on a 12 month loan would be 2.40%. The monthly payment on a $1,000 loan for 12 months at 2.40% is $84.42. As of 3/18/20, the APY on a 24 month CD is 0.50%; the APR on a 24 month loan would be 2.50%. The monthly payment on a $1,000 loan for 24 months at 2.50% is $42.76.

**Results 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. Loan subject to approval.

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