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.
A personal loan from ALEC offers you:
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 Rates1
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 Available2
We offer special ways to safeguard your loan
In addition to loans, ALEC offers other valuable services and products to protect 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. Please allow up to 30 days for processing time.
2. ALEC 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 is not valid on credit cards, mortgage, Personal Lines of Credit and Home Equity Line of Credit.