stock
loans
Unlock the value of your portfolio.
turn investments into possibilities.
ALEC offers you the ability to borrow money using the value of a stock you own that is listed on the New York Stock Exchange (NYSE). In addition, if you’re a sponsor employee with stock options, we can structure an ALEC stock loan by helping you exercise them. While you maintain ownership of the stock and any dividends from it, the stock serves as collateral for the loan.
With a stock secured loan, you can use the money for anything you want — including purchasing a vehicle, making improvements to your home, paying for college, or any other purpose.
ALEC Stock Loans feature:
- A competitive rate – lower than those for most mortgage loans or other secured loans
- Single-payment plans: Flexible terms up to 15 months
- Installment plans: Flexible terms up to 60 months
- Convenient repayment methods via transfers from ALEC Savings or Checking
- 24/7 online access to account
- Potential for a 0.50% loan discount off standard loan rates1
loan payment options
Making your Stock Loan payment should be simple and convenient. Whether you prefer to pay online, from your mobile device, in person, or by mail, ALEC offers a variety of secure payment options to fit your lifestyle.
Stock Loan Rates
| Type | Loan Term | APR* as low as1 |
|---|---|---|
| Stock Loans — Single Pay | Up to 15 months | 6 .00% |
| Stock Loans — Installment | Up to 60 months | 7 .00% |
