We Look Beyond Your Credit Score
At Alternatives, we believe that financial resources should be accessible to everyone. Our loan officers are certified financial counselors and for those who have past credit challenges, we will help guide you towards a path to approval.
We appreciate your support for a financial institution that stands for everyone in the community!
“Alternatives helped me get funds quickly when I needed them. The people at Alternatives were ready to help me at every stage and made me feel confident about the process.”
— Shaquana, Happy Member
Our Commitment to Fair Lending
Alternatives is certified as a Community Development Financial Institution (CDFI). We will not deny a loan application based solely on your credit score. We recognize that credit scores can be biased against individuals with low wealth and those who have faced generations of economic discrimination.
That being said, we are a Federally regulated financial institution and must adhere to certain guidelines and procedures. If we cannot approve your loan at this time, we do have resources available to help you get loan ready.
Get Loan-Ready
Need help understanding how to strengthen your application?
Our Personal Loans
Look through our variety of personal loans and current rates to see what works best for your financial goals.
A loan with no asset attached, just your “signature.”
Car repair, medical debt, veterinary bills, home repair, school supplies — there are many reasons for getting a loan. That is why we design each personal loan with you in mind.*
Details
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- Competitive fixed rates for a wide range of personal needs
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- Loan amounts of up to $10,000
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- Flexible terms of up to 5 years
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- Approval not based solely on your credit score
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- Loan officers are also certified financial counselors
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- For a $5,000 loan for a term of 5 years with a 13.24% APY, the monthly payments will be $114.38.
Documentation needed for application:
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- Proof of income (pay stubs, social security benefits statement, disability)
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- Identification (driver’s license, military ID, passport)
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- Loan purpose supporting documentation may be required
*All loans subject to approval.
A revolving line of credit that provides overdraft protection coverage for checks, debit, and electronic transactions in the case of insufficient funds in your checking account.*
Details
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- Convenient overdraft protection acts as an emergency line of credit
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A cost-effective alternative to expensive overdraft fees
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- Competitive rate
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- Accommodating payments to fit your budget
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- Only pay interest on portion you use
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- Revolving credit — as principal is repaid, more becomes available for use
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- Leaves savings intact
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- No collateral needed
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- Rate is 14.25% fixed, no minimum, transaction, activity or similar charge that is a finance charge, no membership or participation fee
Documentation needed for application:
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- Proof of income (pay stubs, social security benefits statement, disability)
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- Identification (driver’s license, military ID, passport)
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- Loan purpose supporting documentation may be required
*All loans subject to approval.
Members of Alternatives can use their share savings funds as collateral to lock in low-rate financing.*
Details
- Borrowers use their funds on deposit to secure a loan at a low rate
- Funds are released when the loan has been satisfied
- Excellent way to improve your credit score
- Proof of income not required
- Rate is 2% above current certificate rate
- For a $2000 loan for a term of 36 months with a 6.00% APR, the monthly payment will be $60.84
*All loans subject to approval.