Best Personal Loans in Alabama

Quick Look: The Best Personal Loans in Alabama

• Best for Comparing Lenders: Credible
• Best for No Origination Fees: SoFi
• Best for Credit Card Consolidation: Payoff
• Best for Emergency Loans: Avant
• Best for Bad Credit: Integra

Sometimes the cost of everyday life means you have little left over to save for a large purchase. Blooming interest can make it hard to get on top of debt. A personal loan can be a good solution for either of these situations. You can apply for personal loans through your credit union, your bank or an online lender. Find a lender today using our list of trusted sources.

Best Personal Loans in Alabama

Applying for a personal loan online has many benefits, including the ability to easily compare personalized offers from various lenders and managing your loan from your phone. Check out some of our trusted sources for digital lending. 

Credible

Use Credible to find custom-fit personal loan options from multiple lenders. You can get personalized prequalified rates for free using Credible.

Comparing your offers won’t hurt your credit score. The process takes less than 2 minutes, and you can choose the lender with the best terms and rates. Personal loans with Credible fund a variety of financial goals, like big trips or weddings, or to consolidate debt and improve your credit. 

You’ll find personal loan options with fixed, competitive rates with terms that range from 1 to 10 years. Loan amounts range from $1,000 to $200,000. 

Aside from personal loans, you can get personalized prequalified mortgage rates, along with student loans and student loan refinancing from lenders across the board.

SoFi

SoFi is a fee-less online lender offering several different types of loans. You can apply for a personal loan, a home loan, student loans or refinancing.  SoFi also offers several investment products and spending accounts. You can also use SoFi as a credit monitoring tool or to apply for small business financing. 

Personal loans from SoFi can fund home renovations or pay for medical procedures and emergency expenses. You can also reconsolidate your debt.

Applying for loans from SoFi is simple and fast online. Loans ranging from $5,000 to $100,000 are available with flexible terms and a fixed rate.

When SoFi says fee-less, it means there are no origination fees, no prepayments fees and no late fees. You’ll pay less overall, and you can put your money toward repaying it as quickly as you’d like. 

Payoff

Payoff is an online service with a personal loan designed specifically for debt consolidation. You can use a lower interest Payoff loan to pay down high-interest credit card balances. Paying 1 set monthly payment at a low, fixed rate over a set number of installments makes debt management easier. 

Loans range from $5,000 to $35,000 with fixed rate APR. Terms fall between 2 to 5 years with origination fees of 0% to 5%. 

Unlike many lenders, Payoff is clear about its borrower standards. Check out its website to see if you meet them.

A loan from Payoff is a great way to tackle debt and improve your credit score. Your FICO score may see as much as a 40-point boost by raising your overall credit limit and lowering your credit utilization.

Avant

Avant is another lender known for fast funding and low fees. When Alabama residents apply with Avant, you can complete the entire process online, pay a low origination fee, never worry about a prepayment fee and manage your loan online. The website is easy to view even on a mobile device, and you can avail yourself of:

• No collateral, unsecured financing
• An online loan eligibility calculator
• Loans that could be as high as $35,000
• A range of loan terms that suit your situation

With a great customer service team and available funding for any number of situations, you can turn to Avant in an emergency, get the money you need and deal with repayment after the fact. You can use these loans for a number of different purposes, making it easy to take control of your finances, especially in parts of the state that experience intense weather phenomenon or locations where funding is difficult to find.

Integra

Integra Credit makes it easy for anyone to get a loan, even if you don’t have the best credit. You can apply online, read about how to better manage your finances, get a quick decision, sign your documents online and get funded in short order.

Your money is sent directly to your bank account, and you can also enjoy a few other features:

• Flexible payment options
• Flexible loan amounts and terms
• Lines of credit are also available

Your rates and terms may vary depending on your credit situation, but this is a welcoming platform that can help Alabama residents access cash and make the most of their financial futures. You can use these funds for repairs after a natural disaster, medical bills, emergencies, etc.

Personal Loan Considerations

A personal loan can help you improve your credit or cover a large expense by providing 1 lump cash payment. Look for loans with minimal fees, good rates, and terms that make sense for your specific financial situation. Meeting the repayment terms of your loan is important for your credit health, and you can face consequences if you don’t. Also, be wary of too-good-to-be-true or predatory loans, especially online. Use a trusted lender to avoid any trouble.

Personal Loans vs. Credit Cards

Use a credit card if you need consistent access to relatively low amounts of credit. A personal loan is better for covering large, one-time expenses or to pay off multiple debtors. Personal loans tend to have fixed terms and rates, while credit cards come with variable rates and open-ended terms. Consider your unique needs before deciding which is best for you.

Find a Personal Loan Today

Get funding for a special expense or start working on your credit score with a personal loan. Apply for one online from any of our lenders or at a branch from one of our brick-and-mortar institutions.

Frequently Asked Questions