Secured Loans

Credit Builder Loan

Our Credit Builder Loan can help set you up for a lifetime of success. The application is simple and requires no collateral.

By making regular monthly payments on time,
you may help to improve your credit score. 

Credit Builder Loan amounts range from $500 to $2,000.

Proceeds are deposited into a Statement Savings account and can be withdrawn
as payments are made.

The Credit Builder Loan provides the following:

  • Immediate approval for eligible Ridgewood customers. New customers will need to be verified through ChexSystems.

  • Loan proceeds are deposited into a Statement Savings account and as payments are made, the proceeds become available.

  • The funds in the Statement Savings account earn interest.


Visit your local Ridgewood Savings Bank branch to get started today.