What You Need to Know
Alliant personal loans do not have origination fees. When you apply for a loan with Alliant, you will not receive less because of the origination fees. Alliant also does not have a prepayment fee for paying your loan off early.
Payments made through automatic withdrawals receive an interest rate discount. The discount is 0.4 percent off the interest rate you receive. There is not a fee to pay with a check; but you have to pay the higher interest rate on your loan.
Before you can apply for a personal loan with Alliant, you must become a member of the credit union. You qualify to apply if you work for specific organizations or businesses. Family members of other Alliant members can apply. You can also apply by becoming a member of Foster Care to Success. You can know immediately if your application is accepted if you join online.
Alliant offers interest rates based on the term length. The interest rates increase depending on how long your loan is. You may receive higher rates than those listed. The rate you receive depends on your qualifications.
Qualifications to Apply for Alliant Loans
- Annual Income: Verifiable
- Job History: Verifiable
- Debt-to-Income Ratio: DOSCC
- Minimum Credit Score: >670
- Credit History Length: DOSCC
- Credit Bureau Inquiries: DOSCC
- Bankruptcy History: No specified
- Past Loan Denial: No set time
- U.S. Citizenship Required: Yes
- Required Age: Legal by state
- SSN Required: Yes
- Valid Bank Account Required: Yes
Useful Information About Alliant Loans
- Business Loans Offered: No
- Cosigner Loans Offered: Yes
- Joint Loans Offered: Yes
- APR Range: 6.49-10.49%
- Fixed Interest Rates: Yes
- Repayment Options: ACH and checks
- Payments Due: Monthly
- Payment Methods Fees: No, but higher interest rate
- Smallest Loan: $1,000
- Largest Loan: $50,000
- Loan Term Lengths: 12, 24, 48, 60-months
Additional Relevant Information
Alliant offers a wide range of personal loan amounts. They offer loans from $1,000 to $50,000. The amount you receive may depend on your qualifications. The minimum loan amount is low, and they offer a large loan amount if you qualify.
History and Achievements
Alliant started in 1935 by United Airlines employees. By the end of that year, they had 146 members. Today, they have over $11 billion in assets and $8.5 billion in loan totals. They are one of the largest credit unions in the nation, with over 450,000 members across the United States. They have been awarded:
- "Best Banks of 2019" by NerdWallet
- "Best Credit Union Personal Loans 2019" by Student Loan Hero
- "Best Credit Union of 2018" by MONEY
Alliant offers checking, savings, and money market accounts to their members. They offer CDs, lending options, and credit cards. Also available are investment options and some insurance options. Alliant members can apply for any of these options.
Frequently Asked Questions
Can I apply for a loan entirely online?
Yes. Alliant personal loans are online.
What is the lowest my credit score can be?
Alliant requires a credit score higher than 670. Alliant considers other factors when applying, including credit history, debt, and income.
What is the smallest loan amount available?
The minimum loan amount offered by Alliant is $1,000.
What is the largest loan amount available?
The maximum loan amount offered by Alliant is $50,000, if you qualify.
What are the loan term lengths?
The term lengths range from 12 to 60-months. The term length you receive may depend on your qualifications.
Are the interest rates competitive?
Yes. The interest rates for Alliant are competitive with other personal loan lending companies.
Are the interest rates fixed?
Yes. Alliant personal loans offer fixed interest rates for the life of the loan.
What types of loans are available?
Alliant offers personal, auto, mortgage, and student loans. You can use personal loans to consolidate debt or for home improvements. You can also use the money for emergency expenses.
What information do I need to apply for a loan?
Alliant will verify your SSN, employments, and yearly salary. You do not need to be a member of Alliant to apply for a loan. After you have approval, you will need to join the credit union.
How long does approval take?
Approval for Alliant loans could be the same day you apply. This depends on your qualifications. Approval may take longer if more information is necessary for your application.
How long will it take the money to enter my account after approval?
Alliant tries to have the money in your account the same business day you apply. The money may take longer, depending on your bank and qualifications. Alliant can transfer the funds into your account. You can also have Alliant send you a check.
If I have been denied a loan before, how long do I have to wait to apply again
Alliant does not have a set amount of time you must wait before you apply for another loan. They offer joint and cosigner loans.
What are the payment options to repay my loan?
Payments are due monthly. You can make payments through automatic withdrawals or checks. There is a 0.4 percent interest discount for making payments with automatic withdrawals.
Can I pay my loan off early?
Yes. There are no fees to pay your Alliant loan off early.
Is my information secure?
Alliance uses security measures that comply with federal laws. Their computers and buildings have safeguards. Their files are secure.
Does this loan company offer a mobile app?
Yes. They have a mobile app for iPhone and Android.
How do I contact customer service?
By phone, mail, or email. Alliant customer service is available 24/7 by phone. You can follow Alliant on Facebook, Glassdoor, Instagram, LinkedIn, Pinterest, Twitter, or YouTube.
Bank Contact Information
Alliant Credit Union
P.O. Box 2387
Des Plaines, IL, 60017-2387
800-328-1935
