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Personal Line Of Credit

Personal Line of Credit

Get quick access to the funds you need.

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, while offering: 

  • a competitive variable interest rate 
  • no collateral requirement 
  • no minimum amount to open the credit line 
  • no application fees, annual fees or balance transfer fees 
  • minimum monthly payments of only 3% of the outstanding balance, or $25, whichever is greater 
  • easy access to funds through Online Banking or telephone banking 
  • convenient repayment methods, including online payments, automatic withdrawal from ALEC Savings or Checking, or by telephone


When you’re ready, so are we.

Just one application can offer a lifetime of credit up to your available limit. ALEC makes it easy to apply for a personal line of credit online.* Or you can visit an ALEC Service Center . Or call 800.762.9988. 

Click here to view our current rates.
Account Type Loan Term APR* as low as
Personal Line of Credit - 9.50 %

Interested in saving more money? If you’re currently paying a higher rate on a loan at another financial institution, consider refinancing it.

This convenient loan comparison tool makes it easy to determine whether refinancing with ALEC makes sense for you. 

Loan Saver® allows you to enter your current information, and then shows you how much money you could save with a loan from us. 


















* All loans subject to approval. 

** APR = Annual Percentage Rate. The Annual Percentage Rate is variable (currently 9.50% to 18.50% 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 December 31, 2017, prime is 4.50%. 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.