Saving & Credit Builder Loan

LES PEOPLE’S Savings and Credit Builder Loans are designed to help members build credit without the hassle of having to deposit a lump sum with us.

Instead, we lend to you for you to save in a Share Certificate. In other words, save and build credit at the same time. 

Once your application is approved, funds will be disbursed and put automatically into a Share Certificate under your name. Build credit nationally by making monthly payments that you can afford and when the loan is paid off, you will have access to your Share Certificate funds, the interest earned, and have built credit history.

Features of the Saving and Credit Builder Loan:

  • Minimum amount to borrow is $500.00

  • Very low APR 

  • $0.00 Application Fee

  • Loan terms up to 36 months

  • Automatic payment service is available

  • Instant approval

 

Not a credit union member yet? Become a member.

See our current Loan Rates & Fees.

Contact one of our Member Service Representatives if you have additional questions at (212) 529-8197, or (718) 554-4544 or by emailing lespfcu@lespfcu.org.