B9 Credit Builder Loan: Cost, Terms and Credit Reporting
Make fixed monthly payments for 12 or 24 months. Each payment is reported to all three credit bureaus, and the loan amount is yours when you finish.
B9's example: $25/month for 24 months · $552 loan at 15.68% APR
View B9 terms · Visit B9
Key Product Details
Savings FDIC-insured up to $250,000. View B9 terms · B9 Credit Builder page
Credit Builder Needs Premium, So the Plan Is Part of Your Cost
This is B9's representative 24-month example. Your amount and APR are in your loan agreement. You get the loan amount back when it's paid off. The $9 admin fee is one-time and can't be refunded.
Illustrative Total Cost Over 24 Months
Examples only, not a quote. The loan amount you get back at the end isn't counted as a cost.
Scenario A · Premium paid monthly
$536.76
- Finance charges $48
- Admin fee $9
- Premium $19.99 × 24 = $479.76
Scenario B · Premium paid yearly
$224.76
- Finance charges $48
- Admin fee $9
- 2 × 12-month plans $83.88 = $167.76
Scenario C · Fee waived every month
$57
- Finance charges $48
- Admin fee $9
- Premium waived ($5,000+ deposits each month)
How these scenarios are calculated
- Uses B9's 24-month example: $48 finance charges plus the $9 admin fee
- Assumes you keep Premium for all 24 months. B9 doesn't say what happens to the loan if you downgrade
- Scenario B assumes two prepaid 12-month plans at $83.88 each
- Scenario C assumes at least $5,000 in deposits every billing month; the waiver is checked month by month
- If you'd pay for Premium anyway, the extra cost of Credit Builder is $57
What You Need
- A B9 Premium membership
- An approved application in the B9 app
- A B9 Account (SSN or ITIN accepted)
B9 Cash Advance
Not on B9's exclusion list
B9 Credit Builder
Not yet confirmed
B9 Credit Line Loan
Not offered — California residents only
Five Steps From Application to Payoff
Apply in the B9 app
Premium members only.
Savings account opens
Loan amount held at Cross River Bank.
Make fixed payments
For 12 or 24 months.
Payments get reported
To all three credit bureaus.
Get your money
Released when the loan is paid off.
Paying Off, Stopping, and Credit Impact
Paying off or stopping
- Pay off early: pay the remaining balance to close the loan
- Surrender: no further payments are due, it may hurt your credit score, and the admin fee isn't refunded
Credit impact
- Payments reported to Equifax, Experian and TransUnion
- Late payments can stay on your report for up to 7 years
- Cash advances don't build credit; this product does
Benefits & Limitations
Benefits
- Reports to all three bureaus
- No security deposit
- FDIC-insured savings
- Pay off early anytime
Limitations
- Premium plan required
- $9 admin fee isn't refunded
- No money until you finish paying
- State availability not published
Looking for a personal loan instead?
B9 Credit Builder is designed to build payment history, not to pay out cash upfront. If you want to request a personal loan from independent lenders, you can use the request form on our homepage. It is separate from B9 and is not a B9 application.
$200–$5,000 requested amount
Start My ApplicationB9 Credit Builder FAQ
Premium members who apply in the B9 app and are approved. B9 hasn’t published which states it’s offered in.
No. The loan amount goes into a savings account in your name and is released after you pay off the loan.
Equifax, Experian and TransUnion.
Yes. You can pay the remaining balance to close the loan, and payments are reported to all three bureaus.
You can surrender the loan. No further payments are due, it may hurt your credit score, and the admin fee isn’t refunded. Missed payments can hurt your credit, and late payments can stay on your report for up to 7 years.
22 facts checked against B9's published documents · Nov 2, 2026 · 1 not yet confirmed · 2 not published by B9. How we check product details
B9 Premium vs Basic · B9 App Review · All B9 loans & cash advance · Apps like B9