Good Start CD Loan Program


First Independence Bank’s Good Start CD Loan Program is designed for individuals looking to establish or rebuild credit using a Certificate of Deposit (CD) as collateral.  The CD may be funded by the proceeds from the loan or the applicant’s own proceeds.  It is a fast, convenient, low cost way of obtaining a loan.


  • No minimum Credit Score
  • Reduced rate with automatic loan payment deductions


  • Proof of recurring income
  • Must complete a one page Credit Quiz at time of application
  • Must be 18 or older to apply
  • Must live within Wayne, Oakland or Macomb Counties
  • Open a FIB Certificate of Deposit or pledge an existing FIB Certificate of Deposit


  • $500 – $5,000
  • Fixed Rates
  • Flexible repayment term


  • No Tax or IRS liens or judgments
  • No IRA CDs or CDs captioned “In Trust For”

Stop by one of our branches and pick-up an application, or call (313) 256-8400 for more details.