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Personal Loan

personal loan

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

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Personal Loans

picture the possibilities.

Get there faster with an ALEC Personal Loan.

Whatever your plans, a personal loan from ALEC is a great option for the cash you need. 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.

  • Rates starting as low as 6.99% APR*
  • Loan amounts up to $100,000
  • Flexible terms for affordable monthly payments
  • No collateral required

Apply online or through the ALEC Mobile app. You can also visit an ALEC Service Center or call us 24/7 at 800.762.9988.

* APR = Annual Percentage Rate. Advertised APR is based on excellent credit history, for a term of 36 months. All loans subject to credit approval. Disclosed rates include ALEC’s 0.50% APR discount. ALEC 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 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-Statement. Refinance of existing ALEC loans excluded. Offer ends October 31, 2024.
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ALEC Personal Loan highlights:

Lower rates

Flexible Terms

Loan Discount

No application fees

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 TermsAPR* as low as 1
36 months7.49%
48 months8.49%
60 months9.49%
* APR = Annual Percentage Rate. All loans subject to credit approval. Rates subject to credit history, term and other factors. Not all applicants will qualify for our lowest rates. Rates can change daily.
1 Disclosed rates include ALEC’s 0.50% APR discount. Returning loan members who have a current loan with ALEC and are applying for a new loan will automatically receive a 0.50% APR rate discount. New loan members who do not have any current loans with ALEC must have an ALEC Checking Account (Free or Rewards) with $500 in direct deposit per statement cycle AND be enrolled in E-Statements to be eligible for the 0.50% APR discount. Discount not valid on credit cards, mortgages, Personal Lines of Credit, Rapid Refi and Home Equity Line of Credit.

Personal Loan FAQs

What is the difference between a Personal Loan and Personal Line of Credit?

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.

How can I repay my Personal Loan or Personal Line of Credit?

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 Service Center, contacting us 24/7 at 800.762.9988 or processing your payment via Online Banking.

How long does it take to close on a Personal Loan or Personal Line of Credit?

You can close on your Personal Loan or Personal Line of Credit in as little as 2–3 days.

Ways to safeguard your loan.

Credit Life & Disability Protection

Two affordable plans designed to ease the financial burden in cases of injury, illness, or death.

Debt Management Services

If you feel like you need help handling your debt load, we can help you quickly start to turn things around.

Protecting Yourself Against Identity Theft

A helpful article to learn how to protect your personal information from identity thieves.

Have questions? We're here to help.

Apply Online

Use Our Mobile App

Visit a Service Center

Call 800.762.9988