0% Interest Loan Credit Building Program
About: This program is facilitated through finEQUITY.org’s partnership with the IRC-CEO. The program provides you with a loan of $100 that needs to be repaid over 6 months ($16.67 per month) with no interest. IRC-CEO provides you with this $100 loan up-front for participating in the loan program and each monthly payment is automatically withdrawn from your connected bank account.
Benefits: No hard inquires. Up to 16 months of credit building.
Sign-Up Process: The sign-up process for the IRC-CEO loan takes 1-2 weeks. The process includes agreeing to the loan terms and being onboarded to the online loan platform where you will connect your bank account
Duration: A minimum of 6 months with a possibility to continue for 20 months.
Final Cost for You: $0Additional Loans: If the loan is repaid without any late payments, you are automatically approved to apply for a larger $300 loan (you can decide if you want to continue the program). If you repay the $300 loan on time over 8 months, you may be approved for a $1,000 loan payable over 20 months.