personal loan
We’re with you when you need to finance a major purchase.
personal lending that works
for you.
Maybe you would like to take the vacation of a lifetime, finance your dream wedding, start some home improvements or need help with unexpected expenses. Whatever it may be, a special rate personal loan from ALEC is the answer.
A Personal Loan from ALEC features:
- Rates starting as low as 7.99% APR* for 36 months
- Loan amounts up to $100,000
- Flexible terms for affordable monthly payments
- No collateral required
Special rate available until October 31st, 2025. Apply online by clicking the button below or through the ALEC Mobile App, at any ALEC Branch or give us a call at 800.762.9988.
ALEC Personal Loan highlights:
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 Loan Rates
| Loan Terms | APR* as low as1 |
|---|---|
| 36 months | 7.49% |
| 48 months | 8.49% |
| 60 months | 9.49% |
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 or line of credit in many ways, including automatic transfer from your ALEC Savings or Checking, making payments on the ALEC Mobile App, stopping by any ALEC Branch, contacting us 24/7 at 800.762.9988 or processing your payment via Online Banking.
You can close on your Personal Loan or Personal Line of Credit in as little as 2–3 days.
Ways to safeguard your loan.
Have questions? We're here to help.
1. All loans subject to credit approval. Rates subject to credit history, term and other factors. Disclosed rate includes ALEC’s 0.50% APR discount. Members will automatically earn a 0.50% APR discount if they are new members applying for a loan within the first 60 days of membership OR if they are a returning loan member. Existing members that do not 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. Refinance of existing ALEC loans excluded.