Personal Loans

Looking for a simple solution to help you afford just about anything life hands you? Whether you're looking to finance a wedding, consolidate high interest debts, take a dream vacation, an emergency trip to the vet, or to catch up on bills - a personal loan or line of credit can make financing those moments more affordable and less stressful. Explore the benefits of a personal loan or line of credit from First Alliance Credit Union using the menus below.

No Hassle Loan

Our No Hassle Loan is a convenient option to get the cash you need when you need it -quickly. Use the $1,000 in funds to pay bills, finance a large purchase, pay an unexpected expense, and more. Use the button below to request your No Hassle Loan today.

Check out these great features:

$1,000 for 12 months
Low interest rate of 8.25%*
No Credit Checks
Same Day Approval
Small $50.00 convenience fee will apply

*Disclosure: Must have at least one year as a member of First Alliance Credit Union, at least one year at your current job, and a six-month history of direct deposit with the credit union. All other existing loans must be in good standing before a No Hassle Loan will be provided. Proof of employment maybe required. $50 convenience fee will be applied. No Hassle Loan Payment Example: $1,000 loan at 8.25% interest rate + $50 convenience charge = 17.56% Annual Percentage Rate (APR) for a monthly payment of $92.00. Member's may only have one No Hassle loan at a time. Refinancing options may be possible if 50% of the previous balance is paid down. See a Lending Advisor for complete details.

For more information contact us at 507-288-0330 or hello@firstalliancecu.com.

Personal loans, also known as a signature loans, are one of the most versatile loans you can get. You can use the money for anything from funding your wedding or vacation to consolidating your debts, and more. Personal loans are a convenient financing option and provide the following features:

Unsecured – you won't need to provide collateral, such as a car or house
Fixed Rate – your payments won’t change over the life of the loan
Fixed Term – you'll know exactly how long it will take to pay off your loan
Flexible Amounts – we can offer loans up to $40,000 per borrower to meet your unique needs

Plus, personal loans can be used to finance just about anything, here are just a few ideas!

Debt Consolidation
Wedding Expenses
Adoption Expenses
Vacation Expenses
Moving Expenses
Vehicle Repairs

Use the red "Apply Now" button above to start your online personal loan application today!

Our Best Rates for Personal Loans

Term of 12 to 36 months at 7.49% APR*
Term of 37 to 60 months at 8.49% APR*

Effective November 7th, 2022

*APR = Annual Percentage Rate. Rates are quoted "as low as" and are subject to an evaluation of your credit. Rate may vary from rates shown. Rates subject to change without notice.

Credit Builder Loan

If you have no credit history or have damaged credit then a credit builder loan could help you establish a positive credit history quickly, while saving money and avoiding debt.

How a credit builder loan works:

A credit builder loan isn't a loan in the traditional sense. When you apply, we will place the loan balance you choose into a Certificate of Deposit (CD). You'll make fixed payments toward the savings secured loan over several months, and when the loan term is up, we will release the total CD balance to you. That means you're building credit and saving money at the same time.

First Alliance Credit Builder Loan Details:

Minimum Loan Amount: $1,000
Loan Term: 12 months - 36 Months
Interest rate: Based on term selected
Payment history reported to credit bureaus to build credit score
Saved funds are released to you after term expires

For more information about our credit builder loans we encourage you to contact us.

Personal Line of Credit

A personal line of credit lets you be ready for both unexpected expenses and life's amazing moments. A First Alliance Personal Line of Credit is designed to provide you with easy access financing when you need it most.

Personal lines of credit are helpful for covering larger expenses such as:

Home Improvements
Car Repairs
Debt Consolidation
Vacation expenses
Wedding expenses
Veterinary Bills

Other Important Information:

Minimum credit lines start at $5,000
Variable low rate based on the prime rate and an evaluation of your credit.
No funds transfer fees
No annual fees
Only make a payment if you have a balance
Easy access from with online and mobile banking

Our Best Rates for Personal Lines-of-Credit:

Open-ended term at 10.00% APR*

Effective November 7, 2022

*APR = Annual Percentage Rate. Rates are quoted "as low as" and are subject to an evaluation of your credit. Rate may vary from rates shown. Rates subject to change without notice.

Overdraft Line of Credit

Over drawing your checking account happens....just make sure you’re prepared to cover overdrafts when they happen with a convenient overdraft line of credit!

How It Works:

An overdraft line of credit is attached directly to your checking account. When an overdraft occurs a transfer is made automatically from your overdraft line of credit to your checking account to cover the amount you over spent. No one will ever know you didn't have enough funds, except for you. You will then make payments on your line of credit monthly until you no longer have an outstanding balance on the line of credit.

For fast cash, you can also transfer funds from your line of credit to your checking or savings account using your First Alliance online and mobile banking account.

No annual fees
No funds transfer fees
Minimum credit limit of $500
Access through Online & Mobile Banking and at ATMs

Our Best Rate for Overdraft Lines-of-Credit

Open-ended term at 11.490% APR*

Effective August 8, 2022

*APR = Annual Percentage Rate. Rates are quoted "as low as" and are subject to an evaluation of your credit. Rate may vary from rates shown. Rates subject to change without notice.

Affordable Options to Finance Just About Anything

Get help with consolidating debt, paying bills, taking a vacation and so much more with a personal loan or line of credit today.

No Hassle Loan

Personal Loans

Our Best Rates for Personal Loans

Credit Builder Loan

Personal Line of Credit

Our Best Rates for Personal Lines-of-Credit:

Overdraft Line of Credit

Our Best Rate for Overdraft Lines-of-Credit

Need help figuring out your next steps? Let's talk.

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