Teen Loans & Credit
Help them build their credit... the right way!
We pride ourselves on our ability to teach smart money habits to teens.
Let us help you teach them about credit before they make costly mistakes.
We pride ourselves on our ability to teach smart money habits to teens.
Let us help you teach them about credit before they make costly mistakes.
1Estimated monthly payment per $1,000 on a 60-month term at 3.99% APR is $18.42 and subject to change.
This loan is one of the best ways to build credit for a teen who’s 16 or 17 years old… and can help build their savings at the same time.
Here’s how it works:
Pro Tip! Help them set up a monthly automatic transfer from their Teen Checking account to ensure payments are made on time, helping to build their good payment history. Too easy!
Teen Platinum Apply for a Teen Visa | |
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Perfect for... | ...a teen ages 16 to 17 who want to start establishing credit |
Introductory rate Loan Rates | 2.90% for six billing cycles1 |
Annual fee | $0 requires a parent or guardian joint owner |
Limit | $500 |
Cash Advance Fee | 3% ($10 minimum) |
Foreign Transaction Fee | 1% |
Requirements | Parent must be on the account and meet credit qualifications |
Digital Banking Digital Banking & Security | |
Identity theft monitoring ID Navigator Powered by NortonLifeLock | |
Extended purchase warranties |
1Standard introductory period is six billing cycles, after which balances are converted to a fixed rate based on Prime Rate plus a margin.