Republic Bank & Trust

Credit Builder

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Credit Builder Loan & Savings Program

Credit Builder Sucess Story

A good credit history is vital to your financial health. But how can you build one if you have experienced poor payment history or have no credit history at all? At Republic Bank, our Credit Builder program may help you improve your credit score in as little as 12 months.*

Credit Builder 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.

Here’s how it works:

  1. You borrow from $500 to $1,500 for terms of 12, 18 or 24 months.
  2. The money you borrow is then placed in a certificate of deposit (CD) for you and earns interest.
  3. 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 a CD.

By the end of the Credit Builder Program you should see an improved credit score (based on your payment history*) and you’ll have a jump start on savings.

Pay Yourself First. When you make your monthly payments of as little as $21.89, you’ll also build a habit of putting something aside each paycheck. “Paying Yourself First” is a great habit for building a brighter future.


12 Months
Loan Amount Approximate Monthly Payments APR
$500 $42.64 8.055%
$1,000 $85.28 6.151%
$1,500 $127.92 5.522%
18 Months
Loan Amount Approximate Monthly Payments APR
$500 $28.79 7.116%
$1,000 $57.57 5.805%
$1,500 $86.35 5.373%
24 Months
Loan Amount Approximate Monthly Payments APR
$500 $21.89 6.746%
$1,000 $43.77 5.751%
$1,500 $65.65 5.419%
APR – Annual Percentage Rate
Rates and APRs as of 9-2-20 and are subject to change. $10 Processing fee charged. Certain restrictions apply.

Call 888-584-3600 for more info or visit your nearest Republic Bank location.

*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. Subject to approval.

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