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Personal Loan

Personal Loans

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

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. 

Personal Loans from ALEC feature:

  • Competitive fixed rates
  • Flexible terms to 60 months
  • Potential for a 0.25% discount off standard loan rates*
  • No application fees
  • No early-repayment fees
  • Convenient repayment methods, including online payments, automatic withdrawal from ALEC Savings or Checking, or by telephone 


When you’re ready, so are we.

ALEC makes it easy to apply for a Personal Loan online. Or you can apply via the ALEC Mobile App or visit any ALEC Service Center. Or call 800.762.9988. 

Click here to view our current rates.
Account Type Loan Term APR* as low as
Personal Loan Up to 60 months 7.50 %

*APR Annual Percentage Rate. All loans subject to credit approval. Rates subject to credit history, term, and other factors. Rates can change daily. Rate displayed includes a 0.25% APR rate discount. ALEC members will automatically earn a 0.25% 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 0.25% APR discount with a $500 monthly direct deposit into an ALEC Checking account and enrollment in E-Statements. Maximum term on a Single Pay Stock loan is 15 months. All other loans have terms up to 60 months.

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.