Personal Loans

Borrow money without having to pledge any collateral. Loans begin with low minimums along with fixed rates and various term options.

This simple line of credit assures funds are there when you need them.

Enjoy flexibility and peace of mind with an overdraft protection on your Collegiate Peaks Bank checking account. Funds are advanced automatically when you exceed your cash balance. We have overdraft services that may be less expensive than fees assessed for an overdrawn account. If you qualify and authorize this service, we can transfer funds from a line of credit to pay items which would otherwise cause your account to be overdrawn or to pay items that would otherwise be rejected for non-sufficient funds. There is no fee associated with the transfer from a line of credit, but you will be charged interest in accordance with the line of credit agreement. You can also authorize us to transfer funds from a savings, money market, or other account to prevent your account from becoming overdrawn or to pay items that would otherwise be rejected for non-sufficient funds. If you authorize this service, you may be charge a Sweep Transfer Fee each time we transfer money from an account other than a line of credit to prevent your account from becoming overdrawn or to pay items that would otherwise be rejected for non-sufficient funds. If you have overdraft services, we will attempt to use those services before we pay an items or reject or decline an item.

Use your cash to your advantage! Open a Certificate of Deposit (CD) with Collegiate
Peaks Bank, pledge as collateral for your lower interest, budget friendly CD secured loan.

Whether purchasing from a private party or your favorite dealer, drive a smart financial solution with a fixed, competitive rate for a new or used car, truck, RV, sporty utility vehicle, boat loan and more.

Credit Builder is a short-term loan offered to people who are either trying to establish good credit or repair poor credit. It’s easy to set up — just stop in and see us.

How It Works

The bank makes a loan to the individual in an amount ranging from $500 - $2,000, in a repayment term that fits your budget.

Loan proceeds are deposited in a savings account under the borrower’s name and available to the borrower upon full repayment of the loan. This means you are building credit and saving for the future at the same time!

Payments to the loan are made monthly and are set up to fit your budget.

Who Should Apply?

Credit Builder is designed for anyone who wants or needs to establish good credit. You must be at least 18 years old to apply.

 

Additional Benefits of Credit Builder

• Establish or build good credit and keep the savings account Collegiate Peaks Bank opens on your behalf.
• We will also reduce your loan interest rate if you participate in and complete our Financial Foundation for Adults Program available through our website.
• Statistics show that people who receive rigorous financial education see higher credit scores and less chance of credit delinquency.
• There will be an option to take one withdrawal from the savings account per year when the savings account exceeds the loan balance. The withdrawal can be up to the difference of the savings account and loan balance.

Financial Foundations

Want to do even more to become financially savvy?

Financial Foundations is a free online education series provided by Collegiate Peaks Bank that covers key concepts that can help manage your financial future.  Follow these steps below to access the playlist:

1. Click on Financial Foundations under Education at the top of the page
2. Select Credit Builder and click Enroll Now
3. Select the Credit Builder Playlist

Consumer Loan Application

Results are not guaranteed.  Improvement in credit score is dependent on multiple factors specific to your financial behavior. For example, late payments on other financial obligations may negatively influence your credit score, even if your payments on a Credit Builder Loan are current.