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Personal Loan Options

personal loan options

ALEC makes it easy to find a great loan that fits your needs.

Personal Loan or Personal Line of Credit?

Each has its advantages. While a personal loan is a great choice if you’re making a large, one-time purchase, a personal line of credit is ideal if you’re looking for a renewable source of loan funds that are instantly available.

personal loan

Fixed rate, fixed term, with predictable monthly payments.

personal line of credit

The flexibility to borrow whenever you want, in incremental amounts.

Enjoy The Benefits!

Competitive Low Rates

No Collateral Requirements on Personal Lines of Credit

No Minimum Required to Open Credit Line

Flexible Loan Terms

24/7 Online and phone support

Loan Discounts Available**

Easy Application Process

Apply Online
Quick and easy online application with rapid approval*.
Sign Your Loan
Agree to the loan amount, rates, and terms.
Receive Funds
Receive your funds and use them for your project.

We offer special ways to safeguard your loan

In addition to loans, ALEC offers other valuable services and products to protect your loan.

* All loans subject to credit approval. Rates subject to credit history, term, and other factors. Please allow up to 30 days for processing time.
** 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.