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$1,000 - $35,000 Personal Loans in Alabama

Get quick unsecured $5,000 - $35,000 Personal Loans in Alabama available for both good and bad credit. Flexible convenient repayment terms within 1 - 7 years help you plan the budget carefully and pay the loan off on time. Compare the best offers online or find the locations near you.

Compare Personal Loans in Alabama from the Best Direct Lenders Online or find a Loan Store near your location.
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Loans for ANY  NEEDS
APR from 4.99%

TOP RATED COMPANIES

Rates last updated April 25th, 2019
4.4772727272727

LEND YOU

$35,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.

4.99%
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, Unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

LendYou.com is the easy way to find the cash you need when you need it. You’re looking for cash to pay bills, to buy a car or maybe do some work around the house. LendYou.com has the lenders you're looking for. It's easy. It doesn't matter the size of the loan you're looking for… LendYou may be able to connect you with a lender that can help.

The loans you need, when you need them.   

4.5263157894737

Check Into Cash

$3,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.

Varied by state
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, Unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

Check Into Cash is a national leader in direct lending, providing customers with affordable, short-term, small dollar credit solution such as Payday Advances, In-Store Cash Advances, Online Payday Loans, Title Loans, Title Pawns,Check Cashing, Western Union®, walk-in Bill Pay, and reloadable prepaid U.S. Money Cards both online and in their in-store centers nationwide. They offer reliable service, affordable rates, simple requirements and convenient repayment. Compare the reviews on Check Into Cash and their products, fins out all you need about this company and apply for the service you need.

4.8571428571429

Bad Credit Loans

$5,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.

5.99%
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, Unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

BadCreditLoans.com has been in the business of helping people since 1998. We make it simple for consumers to get the funds they are looking for online.

We offer: 

  • Bad Credit Personal Loans
  • Bad Credit Business Loans
  • Bad Credit Credit Cards
  • Bad Credit Mortgage Loans
  • Bad Credit Home Loans
  • Bad Credit Student Loans
  • Bad Credit Auto Loans
4.8333333333333

Personal Loans .com

$35,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $35,000 for Personal loans. But it may vary depending on the lender and his requirements.

5.99%
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, unsecured
Collateral or guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

PersonalLoans.com provides an easy and convenient way for consumers to be connected with a Personal Loan up to $35,000 through the network of lenders and lending partners. Through PersonalLoans.com, you can get needed loan funds quickly, in as little as just one business day. You don’t have to pay back these funds quickly, however, as the repayment time frame ranges from 90 days to 72 months depending on the terms of your loan. For shorter-terms loans offered, such as installment loans, the repayment time frame may be less than six months.

Smaller tax return than you expected? Apply online for quick cash. Apply

Are Personal Loans Legal in Alabama?

Loan Rates and Fees, Laws and Regulations in Alabama.

We've done a thorough research of the main lending details and presented them in the table to make it more clear and convenient for you:

Law status legal
MIN Loan Amount $1,000
MAX Loan Amount $35,000
MIN. Loan Term 90 days
MAX. Loan Term 60 month
MAX APR 450%
Collateral or guarantor None, unsecured
Credit score requirements Available for Bad Credit
Apply online
Law status legal
MIN Loan Amount $100
MAX Loan Amount $500
MIN. Loan Term 10 days
MAX. Loan Term 31 days
MAX APR 300%
Additional fees Not more than 17.5% of the loan
NSF fee $30
Collateral or guarantor None, unsecured
Number of simultaneous loans One
Cooling off period 1 business day
Rollover One rollover
Extension, repayment plan Repayment plan
Default penalties 3% a month from the default date
Credit score requirements Available for Bad Credit
Find out more Apply online
Law status legal
MIN Loan Amount $1,000
MAX Loan Amount $5,000
MIN. Loan Term 90 days
MAX. Loan Term 36 month
MAX APR 225%
Collateral or guarantor None, unsecured
Credit score requirements Available for Bad Credit
Find out more Apply online

ONLINE COMPANIES

Rates last updated April 25th, 2019
4.4285714285714

PAYDAY LOANS USA .ONLINE

$35,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.

4.99%
Min. APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, unsecured
Collateral or guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

Has life thrown you an unexpected financial curveball? Need a loan? Bad Credit?  Don’t look any further! PAYDAY LOANS USA .ONLINE is here for You. 100% online short-term Payday and unsecured Personal loans from some of the best direct lenders in the USA.

Payday Loans Low Rates

$35,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.

6,63%
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, Unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

THE TYPES OF LOANS THAT WE OFFER ARE AS FOLLOWED:

$100 - $1,000 Payday Loans - a short-term loan which you typically would repay by your next payday or within 30 days. Normally comes with a higher (APR).

$1,000 - $35,000 Personal Installment Loans - involves equal periodical repayments over an agreed loan term. No collaterals are needed either, but the APR is normally lower compared to the one of the payday type.

Your Faster Payday

$5,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.

6,63%
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, Unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

How does YourFasterPayday.com work? You’re looking for cash to pay bills, to buy a car or maybe do some work around the house. YourFasterPayday.com has the lenders you're looking for. It's easy. It doesn't matter the size of the loan you're looking for... YourFasterPayday may be able to connect you with a lender that can help. Fill out the block above to get started.

Fast Holiday Loans

$5,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.

6,63%
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, Unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

Get cash for the holidays! Get a loan of up to $15,000 as soon as the next business day! Wrap Up the Holidays with up to $15,000 in Cash! This holiday season, get the cash you need. We’ll connect you with a lender who can provide up to $15,000 to take care of all of your holiday expenses!

Benefits:

  • Easy Online Application
  • Safe and Secure
  • Fast Decision
  • Trusted Source

Lending Point

$25,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.

Not stated
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, Unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

LendingPoint Personal Loans - is a verified licensed lender offering Prsonal Loans up to $25,000 as soon as the next business day. It specializes in customers with fair credit scores (in the 600s) and offers a very convenient and affordable repayment process consisting of easy, automatic, online payments.

Checking an offer will not affect your credit score.

PenFed Credit Union Student Loans

$300,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It is often limited to a certain sum but it may vary depending on the lender and his requirements.

5-15 years
Terms

It's the period of time within which you are to repay the loan.

$7,500
MIN loan amount

It’s the minimal amount of cash advance you can apply for. It’s not always stated, the average sum is $100. But it may vary depending on the lender and the state’s regulations.

Available for Bad Credit

Consolidate your private and federal student loans from PenFed, the refinance company offering the best interest rates. Refinance Parent Plus loans, Spouse Loans, and Individual Student Loans.

PenFed offers competitive rates for student loans, and unique loan programs such as spouse loans, allowing individuals and couples to consolidate and refinance their federal and private student loans into a single loan.

PayDay Loan Calculator

?
Select the amount for the loan you want in order to get the principal, which is the basis that we use to calculate the interest and the total cost of the cash advance.
?
The number of days within that you will be ready to repay the loan. It’s used to count the total cost of cash advance by multiplying the days by the amount of interest.
?
To calculate the total cost of your loan, we take the minimal average APR legal in all States, which is 36%. This figure is only a representative, providing you with general information on how much the loan may cost. To find out a more accurate total, fill in the Annual Percentage Rate required by the lender you want to apply to.
?
It’s the money charged by the lender for doing all the necessary paper work, bank transactions, etc., connected with lending you the money.
$ Your loan
+ $ Your fee
= $ Total Cost*

* Total Cost - The sum of money you are to pay off within the term you’ve chosen if you borrow the stated above amount for the average (or required by your lender) APR.

All the calculations are provided as guides only. They don’t guarantee 100% the same cost you are going to be charged but they do help you understand the overpay much better. Unless you change the APR, the calculations will be based on the average or lowest rate represented by most lenders for each loan type. You’ll find the accurate interest rate as well as the real cost of your cash advance after you get approved before you sign the agreement. It will depend on many factors including the amount, the term of the loan, your credit score and the lender’s conditions. Interest rates are not fixed figures and are subject to change at any time. As soon as you fill out an application and get approved all the details concerning the rates and terms will be sent to you.

Personal Loans Store Locations in Alabama

Consumer First Mortgage Inc

Categories:
Mortgages, Loans,

Wells Fargo Home Mortgage

Categories:
Real Estate Loans, Loans, Mortgages,

Wells Fargo Home Mortgage

Categories:
Loans, Real Estate Loans, Mortgages,

Supreme Lending

Categories:
Mortgages, Loans,

DAS, Inc

Categories:
Payroll Service, Financial Services, Accounting Services, Bookkeeping, Tax Reporting Service, Tax Return Preparation, Notaries Public,
NEED CASH FAST?
  • Payday Loans $100 - $1,000
  • Personal Loans $1,000 - $35,000

Contents:

Personal Loans in Alabama rules and regulations.

Which Type of Personal Loans to choose.

Personal Loans for Bad Credit or No Credit.

Personal Loans Alternatives: Online or In-store, in a Bank or Credit Union.

Personal Loans Repayment: Rates and Terms.

Where to get information or to file a complaint.

Personal Loans in Alabama rules and regulations.

Personal Loans in Alabama state are regulated by the Alabama Bureau of Loans along with the Alabama State Banking Department.

Regulating Authority
Alabama Banking Department
P.O. Box 4600
Montgomery, AL 36103
(334)242-3452
www.banking.alabama.gov
Agency for Handling Complaints
Write to : State of Alabama Banking Department
Attn: Arlene Baldwin
P.O. Box 4600
Montgomery , AL 36103-4600
(334)242-3452
www.banking.alabama.gov/complaint.aspx

They determine the maximum and minimum loan amounts and terms, rates and fees, APR, number of rollovers and outstanding loans. In addition, every lender may have their own rules. You must read them carefully in the agreement. 

Which Type of Personal Loans to choose.  

All types of Personal Loan may be given in the amounts up to $35,000 and most lenders will approve you even with bad credit, though the rates may be higher depending on te FICO score and whether you back the loan with a collateral or not. Still each type has its own advantages and disadvantages. Learn more details to choose the right one for you.

Personal Loan Type

Pros

Cons

Unsecured

  • You don’t risk your property.
  • You have convenient fixed payments.
  • You might need a good credit score to get approved. But some lenders can give you an unsecured Personal Loan even with Bad Credit.

Secured

  • Lower rates.
  • You risk to lose your property in case you default the loan.

Fixed-rate

  • Predictable payments.
  • You can easily plan your budget to make on-time payments.
  • Higher rates.

Variable-interest

  • You only pay interest on the amount you borrow.
  • Interest rates can increase.
  • There may be some additional fees depending on the lender.

Line of credit

  • Lower interest.
  • Tax advantages.
  • Higher total cost due to closing fees.

Debt-consolidation

  • Easy to qualify.
  • Higher interest rates depending on your credit score.

NEED CASH FAST?
  • Payday Loans $100 - $1,000
  • Personal Loans $1,000 - $35,000

Personal Loans for Bad Credit or No Credit. 

Most Personal Loans are available for borrowers with bad credit. The lenders look beyond the credit history to evaluate how risky the customer is. They consider a number of other factors such as:

  • Employment history.
  • Inсome.
  • Financial record.
  • Recent credits and their repayment.

Your chances of getting approved for a Personal Loan will increase if:

  • You have been permanently employed at your job for at least 12 months.
  • You get a verifiable stable income.
  • You keep a responsible track of your banking finances.
  • You've paid off all your loans on time.
Must know!
Bad credit is not a problem to get a Personal Loan. But the better credit you have, the lower rates and the higher amount you can expect.

The same attitude is experienced by the majority of lenders towards the credit check. Of course, in some cases, when you apply for $35,000 unsecured Personal Loan they may need a hard inquiry. But for most companies it'll be enough to do a soft credit check which will not affect your credit history. 

Personal Loans Alternatives: Online, In-store, in a Bank or Credit Union. 

 

Online Direct Lenders

Stores and Check Cashers

Banks

Credit Unions

Pros

  • Flexible requirements.
  • Bad credit is not a problem.
  • Easy applying process.
  • Quick turnaround time.
  • Same-day loans.
  • Personalized service.
  • Lower rates.
  • Legal status.
  • Professional service.
  • Wide range of financial services including checking and savings accounts, CDs, retirement funds and multiple types of loans.

Cons

  • Higher rates.
  • More difficult to regulate, so there is a danger of scams.
  • Takes longer time to find the location, to drive there and wait in a line.
  • Strict eligibility requirements.
  • Need a banking account.
  • You may be charged some additional fees for account maintenance.
  • It takes a few weeks to process the application.
  • You need to be a member to get the funds.

Personal Loans Repayment: Interest Rates and Terms.

Personal Loans are cheracterised by lower in comparison with Payday Loans rates and longer terms with fixed regular payments, or installments. The total cost of a loan is calculated by adding the interest with any additional fees and charges to the principal. To find out the amount of every payment just divide the total cost by the number of installments. Here are some examples of the most frequently asked loans with calculations. The APR is representative. For more precise numbers consult your lender as the information may be different.

Personal Loan amount

Representative APR

Term

Monthly Payments

Finance Charges

$5,000

36%

6 months

$300

$1,800

$15,000

25%

1 year

$312,5

$3,750

$35,000

8%

3 years

$77,7

$2,800

Interesting to know!
APR is different in every state. It’s usually regulated by law. The highest interest is in Idaho 582%, followed by South Dakota and Wisconsin, both 574%; Nevada, 521%; Delaware, 517%; and Utah, 474%.
The lowest APR can be found in Colorado at 129%, Oregon at 156% and Maine at 217%.
Fifteen states either ban payday loans or cap interest rates at 36%. 

 

Where to get information or to file a complaint.

Consumers of Alabama are protected by law. The organisations regulating Personal lending are he Alabama Bureau of Loans along with the Alabama State Banking Department. They mostly take care of rates limits and protect the borrowers from any break of agreement on behalf of the lender. In case an illegal action does take place Alabama residents can address their complaint to the following places:

NEED CASH FAST?
  • Payday Loans $100 - $1,000
  • Personal Loans $1,000 - $35,000

 

Personal Loans under certain economic conditions in Alabama

Not everybody might know that the nickname of Alabama is Yellowhammer State. Its population counts up to 4 888 949 people. Not all of them are aware that their state is famous for : "Being first to rescind a man’s right to beat his wife and for concealed carry licenses". But 1 277 482 AL residents definitely know about the popularity of easy, convenient and legal Personal Loans as they borrow them at least once a year. Alabama produces 1.11% of the US GDP (Gross Domestic Product), which is $205 625 mln and puts the state on the 27th place among all the others. A median household income here constitutes $44 765, or $23 606 per capita to compare with the price parity of 86.8 out of 100. These figures prove once again how hard it may be sometimes to make both ends meet with an average weekly wages of $454. Not surprisingly, the poverty rate reaches 19.20%, or 905 thousand people, i.e. the 48th position all over the country. No wonder 57% state’s residents are in need of a quick and easy money, which can be applied for in-store or online in the type of Payday, Installment or Personal loan.

You are one of 4,863,300 Alabama residents and need rather high but quick and easy loan available for bad credit and without a guarantor or collateral, think of Personal loans. They are annually applied for by 67% of the employed population. By the way, it’s about 1 270 780 people. Due to a sufficient amount of $5,000 - $35,000 and convenient repayment plan of 6 - 60 months Personal loans may help you to hire a car, pay medical bills, repair a house, etc. It’s legal for any resident of the state over 18 years of age, with a permanent job and a valid bank account. Applying is free and doesn’t affect your credit history, as you can mostly avoid hard credit check.

Thanks to our professional and reliable COMPACOM service, you can compare and choose the best online or in store lender near you ready to deposit money into your account in less than 24 hours. Save time and send immediate request to 300+ lending companies at one time using our free COMPACOM form. Smaller amount Payday loans ($100 - $1,000) and Installment loans ($1,000 - $5,000) are also available. Just choose the amount you need.

Requirements to get approved for a Personal Loan. 

Independent lenders have their own individual requirements that must be met, but typical minimum requirements include, but may not be limited to:

  • Alabama (US) residence
  • Minimum regular income of $1,000 per month
  • Valid checking or savings account with direct deposit
  • Phone number and e-mail address (if applying online, you must be able to be contacted via phone if verification of application information is necessary)
  • Not be a regular or reserve member of the Air Force, Army, Coast Guard, Marine Corps or Navy (or be a dependent of someone who is,) serving on active duty under a call or order that does not specify a period of 30 days or fewer.
  • If applying Online, you must provide a valid Social Security Number
  • If applying at Loan Store, you must bring a valid government issued photo ID. A Social Security Number might not be required
  • If applying in-store, you must bring proof of income and proof of a bank checking account. Debit cards or pre-printed checks may be accepted in your state as proof of bank checking account; contact your local store for details. Acceptable documents may vary by state.

NEED CASH FAST?
  • Payday Loans $100 - $1,000
  • Personal Loans $1,000 - $35,000

Related article

Loans for ANY  NEEDS
APR from 4.99%

We aim at helping you compare, make wise decisions, save money or just get acute verified information. Besides, you may fill out our Compacom form to get matched with suitable lenders. As you click on the Apply button which leads to any third-party we may get some compensation from them. It's necessary to support our staff and help us stay up-to-day on the contents, news and information we present.