Is Hope Credit Union Credit Builder Loans the right fit for you?
Last Updated: 04/18/2025
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Highlights
APR (Variable APR)
8.50% - 18.00%(Verified 06/21/2024)
Amount Range
N/A
Loan Term (Months)
N/A
Hope Credit Union Credit Builder Loans Review
Hope Credit Union Credit Builder Loans is offered by Hope Credit Union, a credit union founded in 1995 and based in Jackson, MS. Hope Credit Union Credit Builder Loans are available in 50 states and Washington, DC.
Key Takeaways
- Uses a variable APR. This is uncommon for personal loans. If interest rates rise in the future it could make the monthly payments more challenging. These are average interest rates for a personal loan. If you have good credit or a cosigner, you could probably find better rates.
- Cosigner and coborrower applications accepted. A cosigner or coborrower can help you qualify for better rates and terms when applying for Hope Credit Union Credit Builder Loans.
Hope Credit Union Credit Builder Loans Pros & Cons
| Pros | Cons |
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Hope Credit Union Credit Builder Loans FAQ
What interest rates and personal loan terms does Hope Credit Union Credit Builder Loans offer?
What interest rates does Hope Credit Union Credit Builder Loans offer?
Hope Credit Union Credit Builder Loans offers a variable APR personal loan product that ranges from 8.50% APR up to 18.00% APR.
| Personal Loan Amount | N/A |
| Loan Term | N/A |
| APR | 8.50% - 18.00% |
What fees does Hope Credit Union Credit Builder Loans charge?
Does Hope Credit Union Credit Builder Loans charge an origination fee?
Hope Credit Union Credit Builder Loans may charge a personal loan origination fee .
Does Hope Credit Union Credit Builder Loans charge a late fee?
Hope Credit Union Credit Builder Loans does not disclose whether it charges late payment fees.
Does Hope Credit Union Credit Builder Loans charge prepayment fees?
No, Hope Credit Union Credit Builder Loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.
| Origination Fee | No |
| Prepayment Fee | N/A |
| Late Payment Fee | No |
What do you need to qualify for Hope Credit Union Credit Builder Loans?
Hope Credit Union Credit Builder Loans does not require or does not disclose a credit score minimum. Hope Credit Union Credit Builder Loans does not have or does not disclose a minimum annual income eligibility requirement. Note that borrowers can add a cosigner or a co-borrower to either meet eligibility requirements or qualify for lower interest rates.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Hope Credit Union Credit Builder Loans.
To qualify, applicants may need to provide the following documentation:
- Proof of income
- Driver's license or other government photo ID
- Proof of identity
- Proof of citizenship or residence permit
| Minimum Age | N/A |
| Bank Account Required? | No |
| Application Types Accepted |
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| Credit Score | N/A |
Does Hope Credit Union Credit Builder Loans report your account activity to credit bureaus?
Yes, Hope Credit Union Credit Builder Loans reports to the following credit bureaus:
- Equifax
- Experian
- TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does Hope Credit Union perform a hard credit pull?
Yes, Hope Credit Union Credit Builder Loans performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
Are Hope Credit Union Credit Builder Loans legit?
Hope Credit Union was founded in 1995, it is a well-established company that has been in business for 31 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
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Hours of Operation
SundayClosedMonday9:00AM - 5:00PMTuesday9:00AM - 5:00PMWednesday9:00AM - 5:00PMThursday9:00AM - 5:00PMFriday9:00AM - 5:00PMSaturdayClosed
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Other Personal Loans from Hope Credit Union
Rating not yet determined
APR
Starting at 6%
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Amount Range
Up to $1K
Loan Term (Months)
6 - 12
Rating not yet determined
APR
8.50% - 18.00%
Disclaimer popup with additional information
Amount Range
N/A
Loan Term (Months)
Up to 48
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