Direct Personal Loan Lenders & Lending Platforms In Alabama
Upgrade is an online lending platform that has partnered with banks, direct lenders, and other financial institutions to originate loans. All loans in Alabama obtained through Upgrade are issued by its lending partners.
Company Name:- Upgrade
Loan Type:- Personal Loans
State:- Alabama
Serviced As:- Online Lending Platform
Minimum Amount:- $1,000
Maximum Amount:- $50,000
Loan Term:- 24 to 84* months
Origination Fee :- 2.9% to 8%* (Deducted from the loan proceeds)
Credit Score :- 620 or above
Funding Time:- 1 to 2 business days*
APR range:- 5.94%-35.97%* (APR) depends on credit score, credit usage history, loan term, and other factors.
Fees:- No prepayment fees, late payment fees may apply
Requirements:- 19+ in Alabama, regular income source, verifiable bank account, valid email address, U.S. citizen or permanent resident
Upstart is a direct-to-consumer lending platform, provides access to personal loans in Alabama. Upstart-powered and partnered direct lenders and financial institutions make all loans in Alabama.
Company Name:- Upstart
Loan Type:- Personal Loans Online
State:- Alabama
Serviced As:- Lending Platform
Minimum Amount:- $1,000
Maximum Amount:- $50,000
Loan Term:- 3 & 5 year terms*
Origination Fee :- 0% – 8%* (Deducted from the loan proceeds)
Credit Score :- 580 or above
Funding Time:- 2 to 3 business days*
APR range:- 6.76% – 35.99%* (APR) varies on credit score, credit history, loan duration, and creditworthiness.
Fees:- No prepayment fee or penalties, late payment fee, and ACH return fee may apply
Requirements:- 19 years old, verifiable name, date of birth and SSN, regular & steady income source, verifiable banking account with routing number, valid email account, U.S. citizen, or a permanent resident currently living in the U.S.
Social Finance(SoFi) is a state-licensed direct lender that provides access to personal loans in Alabama, licensed by the State of Alabama Banking Department.
Company Name:- SoFi
Loan Type:- Long-Term Personal Loans
State:- Alabama
Serviced As:- State Licensed Lender
Minimum Amount:- $5,000
Maximum Amount:- $100,000
Loan Term:- 2 to 7 years term*
Origination Fee :- No Origination Fee
Credit Score :- 640 or above
Funding Time:- Up to 3 business days*
APR range:- 4.99% up to 19.63% Fixed Rates (with AutoPay) (APR) varies on loan duration and loan amount
Fees:- No prepayment fees, No origination fees, No late Fees*
Requirements:- 19 years of age or older, must be a US citizen or permanent resident, responsible financial history, stable verifiable monthly income, active phone number, and valid email address
Lending Point is licensed by the State of Alabama Banking Department and is a direct licensed personal loan lender in Alabama.
Company Name:- Lending Point
Loan Type:- Unsecured Personal Loans
State:- Alabama
Serviced As:- Direct Personal Loan Lender
Minimum Amount:- $2,000
Maximum Amount:- $36,500
Loan Term:- 24 to 60 months
Origination Fee :- 0 -6 %* (Included in your total loan amount)
Credit Score :- 600 or above
Funding Time:- 2 to 4 business days*
APR range:- 9.99% to 35.99%* (APR) depends on credit history, income, and other factors
Fees:- No prepayment fees
Requirements:- 19+ in Alabama, government issued photo ID, social security number, stable monthly income, verifiable personal bank account
OneMain Financial provides access to personal loans and is a trusted direct lender, licensed by the State of Alabama Banking Department.
Company Name:- OneMain Financial
Loan Type:- Secured & Unsecured Personal Loans
State:- Alabama
Serviced As:- Personal Loans Direct Lender
Minimum Amount:- $2,100
Maximum Amount:- $20,000*
Loan Term:- 24, 36, 48 or 60 Months
Origination Fee :- 1 – 10%* (flat fee or a percentage of your loan amount, ranging from 1% to 10% subject to state limits)
Credit Score :- 640 or above
Funding Time:- Up to 2 business days*
APR range:- 18.00% – 35.99%* (APR) depends on credit usage history, income, and other factors
Fees:- No prepayment fees
Late payment fee and NSF fee may apply depending on the state and will be disclosed in the loan agreement
Requirements:- 19 yrs, government-issued ID, social security number, proof of residence, proof of income, active checking account
Avant is a lending platform, licensed by the State Banking Department Bureau of Loans in Alabama. All Avant branded credit products are issued by WebBank, a Utah-chartered industrial bank, member of FDIC.
Avant or one of Avant’s trusted partners will service the loans that are approved and funded by WebBank.
Company Name:- Avant
Loan Type:- Unsecured & Secured Personal Loans Online
State:- Alabama
Serviced As:- Lending Platform
Minimum Amount:- $2,000
Maximum Amount:- $35000
Loan Term:- 24 Months – 60 months
Administration Fee:- Up to 4.75% (Deducted from the loan proceeds)
Credit Score :- 580 or above
Funding Time:- As soon as next business day*
APR range:- 9.95%-35.99%* (APR) varies on credit history, income source, and other debt obligations
Fees:- Late Fees and Dishonored Payment Fees may apply and varies by the state laws
Requirements:- 19 yrs of age,valid government-issued ID, residence proof, proof of income source, active banking account
