How it Works
Reduce Your Interest Rate
With a WealthBuilder loan, you refinance a high interest rate loan (or loans) into a loan with a lower rate. But that's not all ...
Build Savings While Paying Off Your New Loan
Some of the money you save as a result of the lower interest rate will go into a Self-Help Credit Union savings account. Those funds will be held in your name, earning interest, and paid out to you once the WealthBuilder loan has been paid back in full.
A WealthBuilder Loan Example
- Interest Rate Reduction: From 23% to 9.43%.
- Term Reduction: 1 year
- Savings: $4,300 (in interest over the life of the loan)