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Community Care Loans
 
Credit Building
Outreach Loan
 
 
Community Credit Building Loan
 
When you need to establish or repair your credit, CFE’s Credit Building Loan is a smart choice. CFE will deposit the approved loan amount of $250 to $500 to your savings account as security for the loan. As you repay the loan over a maximum 12 month period, you’re establishing a positive credit history. Once the loan has been repaid, the funds originally deposited plus the dividends earned are yours to keep. These dividends also help to offset the interest paid on your loan.
 

Community Credit Building Loan Payment Example:

Loan Amount
APR1
Term
11 Monthly Payment (Principal and Interest)
Final Monthly Payment (Principal and Interest)
Total Finance Charges
$1,000
14.000%
12 Months
$89.86
$88.83
$77.29

1Annual Percentage Rate.
 
 
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