Personal Loan; Dad carrying young child and holding model airplane

Personal Loan

We’re with you when you need to
finance a major purchase.

Apply Now


Sometimes, getting a small loan can make a big difference.

For many people, taking out a loan is an attractive way to make a major purchase. Pay an unexpected expense. Undertake a special project. Consolidate other higher-rate debt. Or finance any other personal need or want.

ALEC Personal Loans offer the assurance of having a fixed rate for a fixed term. So you’ll make the same predictable payment each month.

As an unsecured loan, no collateral is required. And our experienced loan representatives are dedicated to providing you unsurpassed personal service.


ALEC Personal Loan highlights:


Loan Icon - RED
Flexible Terms
Financing icon
Loan Discount
Flexible Terms Icon
No application fees
Loan Icon - RED
Flexible Terms
Financing icon
Loan Discount
Flexible Terms Icon
No application fees


Personal Loan Rates with ALEC


View our current rates.

Account Type Loan Term APR* as low as
Personal Loan 36 months 4.99%

48 month 6.50%

60 months 7.50%

Your Savings Calculator




Personal Loan FAQs

A personal loan is an unsecured, fixed-rate loan for a set amount and term. 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.

You can repay your loan 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 Loan in as little as 2-3 days.


Ready to apply?



* 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.