Build credit
for a buck

Credit Builder Loan helps you build your credit by making it easy to build payment history through a small, zero interest loan.

To start, you take out a $300, 12-month loan with $25 monthly payments at a 0% APR. The loan amount is deposited into a locked account that is only used to help you pay off that loan at no cost to you.

Every month, you’ll contribute as little as  $1 to your loan, but can choose to contribute more, and the remaining monthly payment will come from your locked account.

Between your $1 contribution and the $24 from your locked account, that $25 payment gets reported to all three Credit Bureaus.

When the program ends, we’ll return all of your monthly contributions back to your OnePay Savings balance. So if you contributed $1 a month for 12 months, you’d receive $12 back.

Payment history is an important factor of your credit score. With Credit Builder Loan, every time you make an on-time payment, we report it to the three major credit bureaus. These payments will show up as on-time monthly payments on an installment loan which helps build your credit.

No, but you may see a soft inquiry on your credit history. 

Credit Builder Loan is a fee-free, interest-free program. You can choose how much you’d like to contribute towards your monthly payment, with a minimum of $1, all of which you will get back at the end.

Yes, you need to bank through OnePay Cash and have unlocked OnePay Cash+ to apply for Credit Builder Loan.

OnePay Cash customers can unlock OnePay Cash+ with $500+ in monthly Direct Deposits, or a total account balance of $5,000+ at the end of the previous month.

You must be at least 18 years old, have a U.S. based physical residential address, and mobile phone number, and have a Social Security number or Individual Taxpayer Identification Number (ITIN) to apply for OnePay Cash.

No, Credit Builder Loan has no late fees or cancellation fees.

If you miss a Credit Builder Loan payment, your Credit Builder Loan may be closed. You can easily make a one-time payment from the app by tapping the Credit Builder Loan card on your home screen.

You may cancel Credit Builder Loan at any time and any contributions will be deposited to your OnePay Savings. We’ll use the money in your Credit Builder Loan locked account to pay off the rest of the loan.

No, you can not reopen the same Credit Builder Loan. However, you can apply for a new Credit Builder Loan at any time.

We’ll report your final payment to all three credit bureaus and you’ll get back all of your contributions throughout the program.

Credit Builder Loan customers can see their latest Credit Score by toggling to “Score” on the Credit Builder Loan screen in the OnePay app.³

You can also check your Credit Score without signing up for Credit Builder Loan. Learn more about OnePay Credit Score and how to get free weekly insights into your credit.³

Yes! OnePay Credit Builder Loan was formerly named One Credit Builder.

A Credit Builder Loan helps you build credit history by simply setting aside $1 a month for 1 year.¹ At the end of the year, you’ll receive your $12 back with zero fees and zero interest. We make real-time monthly payments to help build credit history. Customers can track their progress in the app and stay in-the-know with real time insights from Credit Score. Builder Card is a secured credit card that allows customers to start building credit with every swipe.⁴ It can be used anywhere Mastercard is accepted. No credit check is required for either Credit Builder Loan or the Builder Card. Unless you opt out, we report on-time payments for both products to TransUnion, Experian, and Equifax monthly.