First Federal Bank of Kansas City expands product line with Credit Builder Loan
Retrieved on:
Wednesday, March 15, 2023
LEAWOOD, Kan., March 15, 2023 /PRNewswire/ -- First Federal Bank of Kansas City recently added the Credit Builder Loan to its retail banking and lending product line serving Kansas and Missouri. The Credit Builder Loan is designed for customers wishing to establish payment history on their credit report while developing a savings foundation.
Key Points:
- LEAWOOD, Kan., March 15, 2023 /PRNewswire/ -- First Federal Bank of Kansas City recently added the Credit Builder Loan to its retail banking and lending product line serving Kansas and Missouri.
- The Credit Builder Loan is designed for customers wishing to establish payment history on their credit report while developing a savings foundation.
- "Our Credit Builder Loan assists customers without existing credit or low credit by giving them an achievable path toward building credit history and reinforcing the principle of saving," said Nate Boylan, First Federal's chief banking officer.
- The Credit Builder Loan is a short-term, fixed-rate installment loan with a lower interest rate than most credit cards, and does not require an opening deposit.