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Alliant Credit Union personal loans

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No-fee financing with turnaround as fast as the same day — if you qualify for membership.

finder.com’s rating: 4.66 / 5.0

★★★★★

  • Best for a credit union loan with a quick turnaround.
  • Pick something else if you want a term longer than one year.

$50,000

Max. Loan Amount

6.24% to 27.24%

APR

640

Min. Credit Score

Details

Product NameAlliant Credit Union personal loans
Min. Loan Amount$1,000
Max. Loan Amount$50,000
APR6.24% to 27.24%
Interest Rate TypeFixed
Min. Credit Score640
Loan TermUp to 5 years
Turnaround TimeAs fast as the same day

Expert review

Anna Serio

Review by


Anna Serio is a trusted loans expert who's published more than 800 articles on Finder to help Americans strengthen their financial literacy. A former editor of a newspaper in Beirut, Anna writes about personal, student, business and car loans. Today, digital publications like CNBC, Business Insider and The Simple Dollar feature her professional commentary, and she earned an Expert Contributor in Finance badge from review site Best Company in 2020.

Expert review

Alliant’s all-purpose personal loans can get money in your account as soon as the same day you apply. And unlike many federal credit unions, membership is open nationwide.

But it’s not ideal for long-term financing. Rates start as high as 10.24% if you go for the longest term — five years. And it doesn’t have the best customer reviews, either.

Not sure it’s the right fit? Compare even more personal loan providers.

Best of 2020
Finder experts pick Alliant Credit Union personal loans as a 2020 best pick for personal loans.

How much will this loan cost me?

Alliant Credit Union personal loans come with rates that run from 6.24% to 27.24% APR. This only includes interest, since there are no application or origination fees. And Alliant also doesn’t charge any prepayment penalties.

You can borrow between $1,000 and $50,000 with terms up to five years. Use the calculator below to find out how a loan might cost you at the amount, rate and term you’re looking for.

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How it works

Not everyone will qualify for a $50,000 loan with 6.24% interest from Alliant. That depends on factors like personal credit score, income, debt-to-income ratio and cash flow.

Longer loan terms also typically land you higher rates.

TermStarting APR
Up to 1 year6.24%
1–2 years7.24%
2–4 years9.24%
4–5 years10.24%

What do I need to qualify?

Alliant doesn’t have any hard eligibility requirements for its personal loans — other than being a member. But this doesn’t mean that anyone can qualify. Alliant may look at factors like your when determining your eligibility.

  • Member of Alliant Credit Union
  • Age 18 or older

What information do I need to apply?

Have the following information and documents on hand before applying:

  • Social Security number
  • Gross monthly income
  • Employment information

    Pros and cons

    Alliant has some major benefits, like its quick turnaround time. But it might not be right in all situations.

    Pros

    • No origination, late or prepayment fees
    • Turnaround as soon as the same day
    • Debt protection plan for unemployment, death or disability

    Cons

    • Higher rates for longer terms
    • Few explicit eligibility requirements
    • Poor customer reviews

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    Is Alliant Credit Union legit?

    Yes, Alliant Credit Union is a legitimate lender. It’s federally insured by the National Credit Union Association (NCUA) — meaning that it meets certain regulatory requirements. And it takes steps to protect your information from hackers, like encrypting anything you submit through its website.

    Alliant doesn’t share your information with other companies for business purposes. But it might share your information for marketing purposes. But you can opt out by calling 800-328-1935.

    What do customers say about Alliant Credit Union?

    BBB accreditedYes
    BBB ratingA+
    BBB customer reviews1.4 out of 5 stars, based on 26 customer reviews
    Trustpilot score3.6 out of 5 stars, based on 2 customer reviews
    Customer reviews verified as of21 May 2020

    Alliant’s reviews are mainly negative, with multiple borrowers stating that it has unresponsive or unhelpful customer service. And while some acknowledge that its rates are competitive, they state that it’s not worth the hassle of dealing with its customer service team.

    How do I apply?

    Not yet a member? Start with the membership application first. Go to Alliant’s website and click the green Become a member button on any page. From there, follow the directions to complete your membership application, which involves opening an Alliant Credit Union account.

    Once you’re a member, you’re also ready to apply for your personal loan. Here’s how:

    1. Hover over Borrow in the main navigation bar and click Personal loans.
    2. Click the green and white Apply now button.
    3. Either enter your online banking username and password if you already have that or click New user setup to create one.
    4. Follow the directions to complete the application, carefully reviewing your application as well as the terms and conditions before clicking submit.
    5. Wait for Alliant’s main office to review your application, run a hard credit check and get back to you with an offer. It’ll also let you know if you need to submit any additional documents.
    6. Review your offer and sign your loan documents.

    What happens after I apply?

    Once you submit your application, Alliant will review your documents and information to see if you qualify. If approved, you may receive your loan funds on the same day you applied.

    How do repayments work with Alliant?

    Your first payment will be due one month after you receive your loan. If you haven’t already, consider signing up for automatic repayments so you don’t have to worry about them each month.

    Putting your loan on autopay doesn’t mean you should just forget about it, though. Check in on your account periodically to make sure everything is going smoothly — even machines make mistakes. You can reach out to Alliant’s customer service team by calling 800-328-1935 if you notice any discrepancies.

    Explore Alliant’s other loan options or see how it stacks up to other lenders with our guide to personal loans.

    Frequently asked questions

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