Credit Builder Loan

Interested in more information about our Credit Builder Loan? Please fill out the form below and we will contact you.

Credit Builder Loan

Whether you’re starting out or starting over, a Credit Builder Loan is a great way to build a healthy credit score. The loan proceeds are placed in a savings account to secure the loan. Each month we report your payments to the credit bureaus. When you make the final payment, the loan proceeds are available, or you may continue to build your savings. If your credit is not where you want it to be, this small loan can help you get there.

Apply for a Credit Builder Loan

CD Secured Loan

The CD Secured Loan is a secured personal loan where you can borrow money against a new Certificate of Deposit. Each month we report your payments to credit bureaus, which can help you establish a good and healthy credit score.

Apply for a CD Secured Loan

Loans with Benefits

All our accounts come with incredible benefits and services:

Building Financial Wellness

Through our partnership with the national nonprofit, Greenpath Financial Wellness, Spring Bank customers can access free one-on-one financial counseling or other GreenPath programs and services.

Other Important Benefits of all Spring Bank Consumer Loans

Simple online application process--apply from anywhere, anytime
No Prepayment Penalties
No Hidden Cost
Opportunities to build credit and savings

One Application Fee. No Hidden Costs.

The loan process is simple and the costs are transparent.

No Prepayment Penalties

You can prepay your loan anytime without incurring any fees.

Simple to Apply

From application to closing, the loan application process is completely automated. Use your computer or mobile device to get started.

Opportunity to Build Savings

Your Spring Bank savings account we have made it simple for you to build savings.

Opportunity to Build Credit

With on-time payments, you can create or improve your credit score.

Use of Your IDNYC

We are all about expanding access. That is why we accept IDNYC as a primary form of ID for account opening or loan processing.

Schedule an Appointment

Ready to grow with us? Come in and talk to one of our account managers to see how we can help. You can open a checking account, apply for a loan, open an IRA account and much more. Use the form below to schedule an appointment:

Open Business Checking Account Online in New York

Have any questions? Stop by a branch or call us at (718) 879-5000.

Our Promise

We don’t take it lightly that you trust us with your money. In fact, the best part about working here is getting to know our customers and their families. You’ll soon find out that you are far from a number here. On the contrary, you become part of the Spring Bank Family. We can’t wait to get to know you.

Explore Other Loan Products

The Opportunity Loan

*offered to employees at partner employers*

An affordable and responsible loan option. Borrow up to $3000 when an emergency comes up or an opportunity comes around. No minimum credit score requirement. You can access funds when you need them and take advantage of opportunities to build your credit profile and savings at the same time.

Learn More

The E-Bike Loan NYC

*offered to employees at partner employers*

If you are thinking about an easier, healthier, and less costly commute, our E-Bike Loan can get you there. Borrow up to $2500 with no minimum credit score requirement. And while you’re rolling, the E-Bike Loan can also help you build your credit profile and savings.

Learn More

Small Personal Loan

Have you been a Spring Bank customer for a year or more? Then you can apply for our Small Personal Loan of up to $2500.

This loan requires a minimum credit score of 620 and can help you build your credit profile.

Learn More

Credit Builder Loans

Want to create or improve your credit profile? The credit builder and CD Secured loans can help you get there. The proceeds of your loan remain in your savings or CD account as you build toward savings and an enhanced credit score.

Learn More