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Life happens. When it does, extra cash can be waiting.

Unexpected events and emergencies. Making a special purchase. Or simply indulging a personal desire, such as taking an exotic vacation. In everyday life, occasions can pop up when being able to access additional money comes in handy.

An ALEC Personal Line of Credit offers you an attractive interest rate that’s lower than most credit cards. It’s a loan designed to provide unsurpassed flexibility, so you can:

  • borrow only what you need
  • use the money for any purpose
  • pay interest only on the amount borrowed

Whether a financial opportunity is calling or life throws you a financial curve, an ALEC Personal Line of Credit ensures you’ll have fast cash at your fingertips.

ALEC Personal Line of Credit highlights:

Loan Icon
No collateral requirement
Financing icon
No application fees
Flexible Terms Icon
No minimum to open the credit line
Loan Icon
No collateral requirement
Financing icon
No application fees
Flexible Terms Icon
No minimum to open the credit line

Personal Line of Credit Rates with ALEC

View our current rates.

Account Type APR* as low as
Personal Line of Credit 8.50%

Personal Line of Credit FAQs

A personal line of credit is an unsecured, variable-rate and open-ended credit line that you can use over and over again. You can pay it off and then use the open credit line for other expenses or project. A personal loan is an unsecured, fixed-rate loan for a set amount and term.

The rate on the Personal Line of Credit is variable. The rate is tied to the Prime Rate as listed in the Money Rates section of the Wall Street Journal on the last day of the previous quarter.

The minimum credit line is $0 and the maximum line is $50,000.

The monthly minimum payment is only 3% of the outstanding balance, or $25, whichever is greater.

You can repay your line of credit in many different ways, including automatic transfer from your ALEC Savings or Checking, making payments on the ALEC Mobile App, stopping by any ALEC Service Center, contacting us 24/7 at 800.762.9988 or processing your payment via Online Banking.

You can close on your personal line of credit in as little as 2-3 days.

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* All loans subject to approval.

** APR = Annual Percentage Rate. The Annual Percentage Rate is variable (currently 9.75% to 18.75% APR) and is subject to change quarterly based on the prime rate. Prime rate is “prime” as listed in the "Money Rates" section of The Wall Street Journal from the last business day of the previous quarter. As of March 31, 2021, the Prime Rate is 3.25%. The variable rate is subject to credit history, term and other factors. No minimum to open; maximum line is $50,000. Minimum monthly payment is only 3% of the outstanding balance, or $25, whichever is greater.