* Loan proceeds are deposited into a secured savings account
(also known as Credit Builder Security Deposit Account) with WebBank,
Member FDIC. The savings account does not earn interest. The funds in
your secured savings account will not be accessible until your loan is
paid in full or canceled. You build savings by having funds available to
you at the end of the loan in your accumulated savings account. Note
that interest and a one-time, prepaid, administration fee apply to the
loan product.
1 Account closings may negatively impact your credit score.
The account openings and closings of your Credit Builder Loan will be
reported to credit reporting agencies. For example:
2 Starter Loan:
Your loan amount is $520. You make $25 monthly loan payments for 24
months and there is a $9 administration fee. 15.92% Annual Percentage
Rate. 15.92% Annual Percentage Rate. By the end of your loan term, you
will have paid $609 ($89 cost).
Intermediate Loan: Your loan amount is $724.
You make $35 monthly loan payments for 24 months and there is a $9
administration fee. 15.97% Annual Percentage Rate. By the end of your
loan term, you will have paid $849 ($125 cost).
Value Builder Loan: Your loan amount is $539.
You make $48 monthly loan payments for 12 months and there is a $9
administration fee. 15.65% Annual Percentage Rate. By the end of your
loan term, you will have paid $585 ($45 cost).
Expert Saver Loan: Your loan amount is $1,663.
You make $150 monthly loan payments for 12 months and there is a $9
administration fee. 15.91% Annual Percentage Rate. By the end of your
loan term, you will have paid $1,809 ($146 cost).
PRGB, Inc. (“Build“) is not a bank and does not originate any loan,
credit card account, or extension of credit. Build is a third-party
marketing vendor and servicer. All loan products, effective May 26,
2023, are issued by WebBank, Member FDIC. All loan proceeds are
deposited into an account with WebBank, Member FDIC. Loan products that
originated prior to May 26, 2023 will continue to be serviced by Synapse
Credit LLC. The Build Secured Card is issued by WebBank, Member FDIC,
pursuant to a license from MasterCard. Access to loan products and the
Secured Card is subject to approval by WebBank, who determines
qualifications for and terms of credit. Individual borrowers must be
U.S. Citizens, permanent residents, or non-resident U.S. Aliens and at
least 18 years old. Valid bank account and Social Security Number are
required. All loans and credit card accounts are subject to ID
verification. Results are not guaranteed. Improvement in your credit
score is dependent on your specific situation and financial behavior.
This product will not remove negative credit history from your credit
report.
Not available in all states. Certain terms and conditions apply. See the
loan application and disclosures for full details.
3 The average approved Cash Advance is
as of October 13, 2023.
Cash Advances can arrive within seconds when Express Delivery is chosen,
for a fee of to
.
There is a maximum fee of
for Express Delivery, which allows
you to have access to the funds in seconds. Standard Delivery is free
and takes 1-3 business days to settle in your account.
4 Not all personal bank accounts are accepted for Money App's
Cash Advance product. Not all applicants will qualify. You need a linked
debit card and a linked bank account with a history of direct deposits.
Terms and conditions apply. Not available in all states. Money App's
Cash Advance service has a 0% Annual Percentage Rate. Your available
Cash Advance limit will be displayed to you in your Money App account
and may change from time to time. Your limit will be based on your
direct deposits, account transaction history, and other factors as
determined by Money App.
This service has no mandatory fees. Regular delivery is free and takes
1-3 business days to settle in your account. You may pay an optional
Expedited Delivery Fee for expedited funds delivery. For a $40 Cash
Advance with an Expedited Delivery Fee of $4.99, your repayment amount
will be $44.99. Generally, your scheduled repayment date will be your
next direct deposit date. A Money App Cash Advance is a non-recourse
product; you will not be eligible to request a new advance until your
outstanding balance is paid. See the Cash Advance Agreement for
additional terms, conditions, and eligibility requirements.