Credit Builder Loan

 If you’re new to credit or working to repair past credit challenges, our Credit Builder Loan can help you get on the right track—giving you the tools to establish responsible borrowing habits.

How it works:

1. Borrow any amount between $1,000 and $5,000
2. A Loan Specialist will conduct a hard inquiry into your credit rating
3. Loan proceeds are securely placed in a Chemung Canal Certificate of Deposit (CD)
4. Repay the loan in manageable installments, following the provided payment schedule, and watch your credit history improve
5. Upon maturity of the CD, you’ll receive the proceeds and also any accrued interest

Don’t wait to establish a good credit history or repair one that’s been damaged.

Apply for a Credit-Builder Loan today! Contact a Loan Specialist online or by calling 800-836-3711 for more information.