You can use an Alliant personal loan to consolidate other loans, cover emergency expenses or pay for home improvements.
When you apply, you may need to specify why you want to borrow money so that Alliant can check that the purpose conforms to its requirements.
If you want an Alliant personal loan, you will apply on the Alliant Credit Union website by selecting Personal Loans under the Borrow tab. Click on the Apply Now button.
If you are a credit union member, you will log in and apply. Alternatively, you can apply as a new member and then join the credit union if you accept a loan offer.
Borrowers often receive same-day approval and funding.
Common loan uses include:
- Consolidating debt.
- Covering emergency expenses.
- Renovating a home.
- Taking a once-in-a-lifetime vacation.
Borrowers may not use loans for:
- Funding illegal activities.
- Gambling.
Loan approval and APR depend on creditworthiness, ability to repay and payment method, and rates vary based on these factors. Repayment terms are 12, 24, 48 or 60 months.
The lender provides these estimates but offers a personal loan payment calculator online:
- 6.24% for 12 months.
- 7.24% for 24 months.
- 9.24% for 48 months.
- 10.24% for 60 months.
Alliant does not charge origination or prepayment fees if you want to pay off part or all of your loan early. However, late fees may apply if borrowers fail to pay on time; amount and grace period vary.
Anyone who is a member of Alliant Credit Union and meets its underwriting criteria for a personal loan is eligible.
You can join the credit union if you are a current or retired employee of an Alliant U.S. business partner; a domestic partner or immediate family member of an Alliant member; or you live or work in an eligible Chicago-area community.
Alliant evaluates a variety of factors when someone applies for a personal loan, including credit score. The lender will also look at your income, your debt-to-income ratio and other aspects of your finances when deciding whether to approve your personal loan.
Alliant Credit Union operates in all 50 states, plus Washington, D.C.
Alliant Credit Union earns an A+ rating from the Better Business Bureau. Trustpilot scores Alliant 3 out of 5 stars, but the credit union has received only eight reviews.
The Consumer Financial Protection Bureau collected one complaint in 2020 related to Alliant Credit Union personal loans.
If you have an issue with your Alliant personal loan, you can call customer service 24/7 at 800-328-1935.
You can also reach out online: Click Contact beneath Help & Support at the bottom right of Alliant Credit Union’s homepage. The next page brings up a drop-down menu; select General Question to complete a form that will prompt someone from Alliant to follow by phone or email.
Alliant Credit Union’s website features a personal loan calculator to help you estimate a payment and find the right loan. You can apply online and typically receive same-day approval and funding.
- People who want online personal loans from $1,000 to $50,000.
- People who need money quickly.
- People who plan to pay off all or part of a loan early.
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