Alliant Credit Union Personal Loans Review: Fast Loans for Alliant Members
Review
Updated
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Alliant Credit Union offers both personal loans and auto loans, including Tesla loans, with fast, same-day decisions in most cases. However, there are some important requirements for approval, including becoming a member, and offered interest rates aren't always competitive. Read our full Alliant Credit Union loans review for all the details.
Great for: Alliant Credit Union members who need a low-fee personal loan with a quick turnaround time.
Existing members can get quick approval on a variety of loans, and auto loans have competitive rates. If you're not a member already, personal loans require a wait, but auto loans are still an option.
Get the best rates and terms to fit your needs. Here are a few loans we'd like to highlight, including our award winners.
| Lender | APR Range | Loan Amount | Min. Credit Score | Next Steps |
|---|---|---|---|---|
Apply Now for Discover Personal Loan
Powered by Credible
Rating image, 5.0 out of 5 stars.
5.0/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
7.99% - 24.99%
|
$2,500 - $40,000
|
660
|
Apply Now for Discover Personal Loan
Powered by Credible |
Rating image, 4.5 out of 5 stars.
4.5/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
11.49% - 20.49%
|
$2,000 - $30,000
|
740
|
|
Rating image, 4.0 out of 5 stars.
4.0/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
6.70% - 35.99%³
|
$1,000 - $50,000¹
|
300
|
This personal loan is a good fit for: Alliant Credit Union members who need a low-fee personal loan with a quick turnaround time.
Personal loans
Alliant Credit Union personal loans are available to established members, which means those who have been members for at least 90 days. Alliant offers personal loans of $1,000 up to $50,000, with terms of up to 60 months. APRs vary quite a bit, but they can be as low for qualified applicants. Personal loans are unsecured so they don't require collateral.
Auto loans
Both new and existing members can apply for Alliant auto loans. Terms range from 12 to 84 months for new and used cars. You can also apply for an auto refinance loan to see if you can get a lower rate on your current auto loan. APRs vary based on loan type and your credit score.
Tesla loans
If you're in the market for a Tesla, Alliance Credit Union has a specific loan just for you. Tesla loans have competitive APRs for qualified applicants. Terms vary from 12 months up to 84 months. You can find Tesla loans for both new and used Tesla models, as well as Tesla refinance loans.
No origination fees
No matter which type of personal or auto loan you get from Alliant Credit Union, you won't need to worry about pesky origination fees. This means you get the full loan amount you're approved for -- not the loan amount minus extra fees like you'd get with some other personal loan lenders.
No prepayment penalties
There are no prepayment penalties with an Alliant Credit Union personal or auto loan. As such, you can pay off your loan at any time during your loan term without worrying about extra fees for paying it off early. This is great for folks who want to save a little money on interest fees by paying more each month or paying a lump sum to pay off their loan balance early.
Must be an Alliant Credit Union member to qualify
Other than the typical qualifications for any loan, those who want an Alliant Credit Union loan will also have to jump over one more hurdle: membership. Because it's a credit union, you need to be an Alliant member to apply for a loan. This requires that you mean one of the following conditions:
You also need to open and maintain an Alliant savings account with a balance of at least $5.
APRs aren't always competitive
Depending on the loan type and your qualifications, APRs on Alliant Credit Union loans aren't always competitive. This is especially true of their personal loan rates. Even if you have perfect credit, you're looking at at least a two-digit APR for a personal loan. Considering some alternative lenders offer personal loan rates in the low single-digits, this isn't ideal. Alliant is more competitive on auto loan rates, but you may still find a better deal elsewhere.
Before you can even apply for an Alliant Credit Union loan, you need to become a member. Membership requires you to meet one of the following conditions:
You also need to open and maintain an Alliant savings account with a balance of at least $5.
If you're looking for an Alliant Credit Union personal loan, you must be an established member to even apply for one. This means you need to have been a member for at least 90 days before applying for a personal loan.
If you need an auto loan, you can actually apply to become a member at the same time as you fill out your auto loan application. There is no minimum time you need to spend as a member to qualify.
Other than the membership qualification, Alliant isn't clear on who can qualify for a loan. While evaluation your application, Alliant will consider:
The process for applying for an Alliant Credit Union loan is fairly straightforward and can be done online once you meet membership requirements. If you want a personal loan, the process looks like this:
Those applying for an auto loan or Tesla loan would follow these steps:
Alliant Credit Union loans are best for people with good credit who want a quick online approval. They don't always have the lowest APRs, but their rates aren't awful. They also offer a fairly good range of loan sizes and terms. You do need to become an Alliant Credit Union member to qualify. If you need an auto loan, this isn't a problem, as you can join during your auto loan application process. If you're not a member already and need a fast personal loan, Alliant may not be for you, as you need to be a member for at least 90 days to apply for a personal loan.
No, there is no membership fee to join Alliant. However, you do need to meet certain qualification to join:
The latter membership requires a $5 fee, which Alliant pays on your behalf. You also need to open and maintain an Alliant savings account with a balance of $5 or more.
No, Alliant is a digital credit union that only operates online.
In most cases, Alliant offers same-day decisions for both personal and auto loans. Some applicants may need to provide additional information, which can mean waiting a few days for a decision.
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Motley Fool Money does not cover all offers on the market. Motley Fool Money is 100% owned and operated by The Motley Fool. Our knowledgeable team of personal finance editors and analysts are employed by The Motley Fool and held to the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands. Terms may apply to offers listed on this page.
Citi® Personal Loan Disclosure
Terms, conditions, and fees for accounts, products, programs and services are subject to change at any time. You must be at least 18 years of age (21 years of age in Puerto Rico). Co-applicants are not permitted. Existing Citi deposit and credit card customers who have been a Citi customer for less than 12 months are not eligible for a Citi® Personal Loan.
If you apply online, you must agree to receive the loan note and all other account disclosures provided with your loan origination in an electronic format and provide your signature electronically.
Rates as of 12-01-2024. Your APR may be as low as 11.49% or as high as 20.49% for the term of your loan. The lowest rate quoted assumes excellent credit and a loan term of 24 or 36 months. Your APR will depend on a variety of factors including your creditworthiness, term of loan, and existing relationship with Citi. Citi offers personal loans with a period of repayment between 12 and 60-month terms. For example, if you borrow $10,000 for 36 months at 15.99% APR, to repay your loan you will have to make 36 monthly payments of approximately $351.52.
There is a 0.5% APR discount if you enroll in automatic payments at loan origination. Additionally, existing Citigold and Citi Priority customers will receive a 0.25% discount to the APR. If you are in default, your APR may increase by 2.00%. Rates subject to change without notice.
To check for offers you may qualify for, Citi conducts a soft credit inquiry. If you are presented with an offer and choose to proceed with the application process, Citi will conduct a hard credit inquiry which may have an impact on your credit score.
Citi® Personal Loan proceeds cannot be used to pay for post-secondary education expenses or for business purposes. Credit cards issued by Citibank, N.A. or its affiliates, as well as Checking Plus and Ready Credit accounts, are not eligible for debt consolidation, and Citibank will not issue payoff checks for these accounts. If you are unsure of the issuer on the account, please visit https://www.citi.com/affiliatesproducts for a list of Citi products and affiliates.
If you are approved for a personal loan with Citi, you can get your funds the same day with a Citi deposit account, or up to 2 business days for a non-Citi account when using direct deposit. Or, you can select to receive a check by mail in approximately 5 business days.
Personal loans are made available by Citibank, N.A., Equal Housing lender
*Upstart Loan Disclaimer
¹ Your loan amount will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will qualify for the full amount. Minimum loan amounts vary by state: GA ($3,100), HI ($2,100), MA ($7,000).
³ The full range of available rates varies by state. A representative example of payment terms for an unsecured Personal Loan is as follows: a borrower receives a loan of $10,000 for a term of 60 months, with an interest rate of 18.60% and a 8.51% origination fee of $851, for an APR of 23.07%. In this example, the borrower will receive $9149 and will make 60 monthly payments of $258. APR is calculated based on 5-year rates offered in December 2024. There is no downpayment and no prepayment penalty. Your APR will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will be approved.
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Motley Fool Money does not cover all offers on the market. Motley Fool Money is 100% owned and operated by The Motley Fool. Our knowledgeable team of personal finance editors and analysts are employed by The Motley Fool and held to the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands. Terms may apply to offers listed on this page.
Citi® Personal Loan Disclosure
Terms, conditions, and fees for accounts, products, programs and services are subject to change at any time. You must be at least 18 years of age (21 years of age in Puerto Rico). Co-applicants are not permitted. Existing Citi deposit and credit card customers who have been a Citi customer for less than 12 months are not eligible for a Citi® Personal Loan.
If you apply online, you must agree to receive the loan note and all other account disclosures provided with your loan origination in an electronic format and provide your signature electronically.
Rates as of 12-01-2024. Your APR may be as low as 11.49% or as high as 20.49% for the term of your loan. The lowest rate quoted assumes excellent credit and a loan term of 24 or 36 months. Your APR will depend on a variety of factors including your creditworthiness, term of loan, and existing relationship with Citi. Citi offers personal loans with a period of repayment between 12 and 60-month terms. For example, if you borrow $10,000 for 36 months at 15.99% APR, to repay your loan you will have to make 36 monthly payments of approximately $351.52.
There is a 0.5% APR discount if you enroll in automatic payments at loan origination. Additionally, existing Citigold and Citi Priority customers will receive a 0.25% discount to the APR. If you are in default, your APR may increase by 2.00%. Rates subject to change without notice.
To check for offers you may qualify for, Citi conducts a soft credit inquiry. If you are presented with an offer and choose to proceed with the application process, Citi will conduct a hard credit inquiry which may have an impact on your credit score.
Citi® Personal Loan proceeds cannot be used to pay for post-secondary education expenses or for business purposes. Credit cards issued by Citibank, N.A. or its affiliates, as well as Checking Plus and Ready Credit accounts, are not eligible for debt consolidation, and Citibank will not issue payoff checks for these accounts. If you are unsure of the issuer on the account, please visit https://www.citi.com/affiliatesproducts for a list of Citi products and affiliates.
If you are approved for a personal loan with Citi, you can get your funds the same day with a Citi deposit account, or up to 2 business days for a non-Citi account when using direct deposit. Or, you can select to receive a check by mail in approximately 5 business days.
Personal loans are made available by Citibank, N.A., Equal Housing lender
*Upstart Loan Disclaimer
¹ Your loan amount will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will qualify for the full amount. Minimum loan amounts vary by state: GA ($3,100), HI ($2,100), MA ($7,000).
³ The full range of available rates varies by state. A representative example of payment terms for an unsecured Personal Loan is as follows: a borrower receives a loan of $10,000 for a term of 60 months, with an interest rate of 18.60% and a 8.51% origination fee of $851, for an APR of 23.07%. In this example, the borrower will receive $9149 and will make 60 monthly payments of $258. APR is calculated based on 5-year rates offered in December 2024. There is no downpayment and no prepayment penalty. Your APR will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will be approved.
