Personal / Lending /

Personal loans

When it comes to your needs, there is no such thing as one size fits all. Count on Alternatives to have the financing you need to get started.

"The Back on Track loan at 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

Rates

Rates are subject to change, please contact us for current rates or contact the mortgage department.

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Signature Loan

Home improvements, taking a vacation, going back to school — there are many reasons for getting a loan. That is why we design each personal loan with you in mind.*

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Details

  • Competitive fixed rates for a wide range of personal needs:
    • Start a new hobby
    • Remodel your home
    • Go on vacation
    • Finance education expenses
    • And more
  • Loan amounts of up to $20,000
  • Flexible terms of up to 5 years
  • Monthly payments that fit your budget
  • Local decision-making and processing
  • Expert lenders to guide you
  • Detailed, attentive service from start to finish
  • For a $5000 loan for a term of 5 years with a 9.24% APR, the monthly payment will be $104.19
Apply now
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*All loans subject to approval.

Debt Consolidation Loan

As part of our mission to enable financial freedom, we want all of our members to get out of debt and start building wealth. A debt consolidation loan may be the right option.*

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Details

  • Pay down your debt
  • Save money by combining multiple loans into one payment
  • Tailored to your situation
  • Just one payment to make every month
  • No pre-payment penalty
  • Lower rate helps pay off debts sooner
  • Local decision-making and processing
  • Experienced lenders to guide you
  • Detailed, attentive service from start to finish
  • For a $5000 loan for a term of 5 years with a 9.24% APR, the monthly payment will be $104.19
Apply now
Details

*All loans subject to approval.

Back on Track Loan

Unexpected expenses can quickly take a toll on your finances. Get back on track without having to tap into your savings.*

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Details

  • Competitive fixed rates for unexpected expenses:
    • Car breakdown
    • Medical expenses
    • Veterinarian bills
    • Home repairs
    • And more
  • Loan amounts of up to $4,000
  • Flexible terms of up to 4 years
  • Monthly payments that fit your budget
  • Local decision-making and processing
  • Expert lenders to guide you
  • Detailed, attentive service from start to finish
  • For a $4000 loan for a term of 4 years with a 8.0% APR, the monthly payment will be $97.50
Apply now
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*All loans subject to approval.

Energy Efficiency/Solar Loan

Use your home's equity as collateral to secure financing for energy-saving improvements to your house.

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Details

  • Competitive fixed rates for energy efficiency improvements to your primary residence
    • Solar installation
    • Heating/cooling upgrades
    • Window replacement
    • Insulation
    • And more
  • Interest only for first 18 months
  • Loan amounts of up to $100,000
  • Up to 15-year term
  • Maximum 90% Loan to Value with all outstanding liens
  • For a $20,000 loan for a term of 10 years with a 4.49% APR, the monthly payment will be $207.21
Apply now
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*All loans subject to approval.

Credit Builder Loan

This loan is ideal for members who do not have a conventional credit history or who are without access to a Co-Borrower or Guarantor.*

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Details

  • Helps establish credit by using alternative credit verifications to determine credit worthiness
  • Credit verifications include:
    • On-time rent payments
    • Insurance payments
    • Medical bill payments
  • For a $1000 loan for a term of 18 months with a 14.00% APR, the monthly payment will be $61.74
Apply now
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*All loans subject to approval.

Line of Credit/Overdraft Protection

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.*

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Details

  • Convenient overdraft protection acts as an emergency line of credit
  • Alternative to costly NSF fees
  • Competitive rate
  • Accommodating payments to fit your budget
  • Only pay interest on portion you use
  • Revolving credit — as principal is repaid, more becomes available for use
  • Leaves savings intact
  • No collateral needed
  • Rate is 14.25% fixed, no minimum, transaction, activity or similar charge that is a finance charge, no membership or participation fee
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*All loans subject to approval.

Share Secured Loans

Members of Alternatives FCU can use their share savings funds as collateral to lock in low-rate financing.*

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Details

  • Borrowers use their funds or loan funds to secure a loan at a low rate
  • Funds are released when the loan has been satisfied
  • Excellent way to improve your credit score
  • Local decision-making and processing
  • Experienced lenders to guide you
  • Detailed, attentive service from start to finish
  • For a $2000 loan for a term of 36 months with a 2.65% APR, the monthly payment will be $57.83
Apply now
DetailsView rates

*All loans subject to approval.