A smiling father sits on a hardwood floor with his young son, both looking off camera; personal loans

Personal Loans

ALEC makes it easy to find a great loan
that fits your needs


Personal Loan or Personal Line of Credit? Each has its advantages.

While a personal loan is a great choice if you’re making a large, one-time purchase, a personal line of credit is ideal if you’re looking for a renewable source of loan funds that are instantly available.

A personal loan from ALEC offers you:

Rates icon
Lower rates than
those at most banks
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No application fees
Flexible Terms Icon
Easy repayment methods — via Online Banking, automatic withdrawal from ALEC Savings or Checking, or by telephone
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24/7 online and
phone support
Check Rates icon
Lower rates than those at most banks
Loan Icon - RED
No application fees
Flexible Terms Icon
Easy repayment methods — via Online Banking, automatic withdrawal from ALEC Savings or Checking, or by telephone
cell phone icon
24/7 online and phone support

Personal Loan

Fixed rate, fixed term, with predictable monthly payments.

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Personal Line of Credit

The flexibility to borrow whenever you want, in incremental amounts.

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Enjoy The Benefits!


At ALEC, we encourage living life to the fullest. That’s one reason we offer loans that can transform your particular passion from dream into reality.


Competitive Low Rates

No Collateral Requirements on Personal Lines of Credit

No Minimum Required to Open Credit Line

Flexible Loan Terms

24/7 Online and phone support

Loan Discounts Available**



Application Process


Step
1

Apply Online

Quick and easy online application with instant approval.

Step
2

Sign Your Loan

Agree to the loan amount, rates, and terms.

Step
3

Receive Funds

Receive your funds and use them to buy your next vehicle.


Apply Now


We offer special ways to safeguard your loan


In addition to loans, ALEC offers other valuable services and products to protect your loan.


Credit Life Protection

If you die before your loan is fully paid, we offer coverage to reduce or pay off your outstanding loan balance, up to the policy maximum.

Credit Disability Protection

Two affordable plans designed to ease the financial burden on you and your family in cases of injury, illness, or death.

Debt Management Services

If you feel like you need help handling your debt load, we can help you quickly start to turn things around.


* All loans subject to credit approval.

** ALEC members will automatically earn a 0.50% APR loan discount if they are a new member applying for a loan within the first 60 days of membership OR if they are a returning ALEC loan member. Existing members that don't meet the above criteria earn the 0.50% APR discount with a $500 monthly direct deposit into an ALEC Checking account and enrollment in E-Statements.