Personal Loans in Alabama
Apply for the online loans in Alabama and get the money you need from Minute Loan Center.
Easiest Way to Get Cash
" It's the easiest way to get cash when you need it. I've used Minute Loan services for almost 7 years and they have never turned me away. Great service and great employees... "
Compassionate Service
" They were very patient with me when I got behind on my payments, they just needed me to keep them updated. "
Excellent Customer Service
" The Customer Service is excellent. They treated me like a person, not a number. "
Apply For A Minute Loan Center Line Of Credit Or An Installment Loan Online In Alabama.
Do you live in Alabama and want a line of credit or an installment loan for your personal needs? Have traditional lenders turned you down because of a low credit score? We’ve got you! Minute Loan Center has customized online loans for Alabama residents. We have installment loans for your current finance needs and a line of credit for needs that may come up in future, within a preset period.
An installment loan allows you to access money in a lump sum, and you can use it to pay for large expenses, while a line of credit avails a credit limit that you can borrow from as you wish, for a given period. Whichever you choose, we have simple loan requirements, a generous sum of up to $3,000, and flexible repayment options. Our interest rates, charges, and fees remain low to keep our loans affordable, even for people with bad credit.
Explore the Loan Products We Offer!
Here’s an overview of the MLC personal loans in Alabama:
Line of Credit
A line of credit is a flexible loan that allows you to borrow money as needed, without underwriting, up to a preset limit. You can pay the amount you borrow immediately or over time in installments, and as you pay, you avail more money to borrow up until when the stipulated period elapses. You only pay interest on the money you borrow. In Alabama, you can get a line of credit of up to $3,000.
You could use your line of credit for just about anything, including the following:
- Fill temporary cash flow gaps.
- Access ongoing funds for your personal goals.
- Emergency expenses.
- Unexpected medical bills.
- Make significant purchases for home improvements.
- Assist with home and car repairs.
Get a line of credit for easy access credit, along with other online loans in Alabama.
Installment Loans
An installment loan is a credit facility that allows you to borrow money and repay it in equal monthly installments. Installment loans typically have a fixed interest rate, and come in handy when you need to borrow a lump sum. Examples of installment loans are student loans, personal loans, auto loans and mortgages. Apply for online installment loans in Alabama and get up to $3,000
Installment loans are personal loans for Alabama residents who wish to:
- Consolidate other loans into one low and easy payment.
- Pay for education expenses.
- Large purchases such as furniture, electronics or appliances.
- Make down payments for cars, housing, and other substantial purchases.
- Take advantage of investment opportunities.
- Fund travel and vacations.
Get an installment loan for your big expenses and pay it off in small monthly installments.
Minute Loan Center Online Loan Options for Alabama
| Product | Term | Access to Credit | Repayment |
|---|---|---|---|
Line of Credit(MLC Option) | Open-ended | Anytime you need funds (up to preset limit) within the stipulated period. | Minimum Payments See More on Interest Rates below |
Installment Loan | Fixed Term | One-time loan that gives you a lump sum of money. | Fixed Payments |
PAYDAY LOAN(Competitor option) | Fixed Term | Offers a small amount of money that is due on the next payday. | Fixed Payments |
Title Loan(Competitor Option) | Fixed Term | Provides a lump sum of money, with your auto title as collateral. | Fixed Payments |
At the Minute Loan Center, we take pride in our transparent lending process. We have clear loan terms, interest rates, charges, and fees. There are no hidden costs. Create a credit account with us today and enjoy friendly service from our team of credit experts. Even if your credit history is bad, you’ll likely be successful because we look at more than just your credit score. Make Minute Loan Center your credit partner and take advantage of the MLC online loans in Alabama.
Minute Loan Center loans are available 24/7. It only takes a few minutes to fill your application. No Credit hits for inquiry.
Our team of in-house creditors review your loan application fast, to give you our lending decision as soon as possible.
Loan approvals are sent via email in minutes, including. the lending terms. If you agree to terms, sign the contract.
Upon receiving the signed contract, funds are disbursed to your account immediately!
Personal Loans in Alabama FAQs
Here are the answers to some questions you may have:
Minute Loan Center online loans in Alabama are capped at $3,000. However, you must be at least 19 years of age to apply for a loan. Other MLC credit requirements are
Apply for a line of credit today!
It’s easy to qualify for Minute Loan Credit online loans in Alabama. Our loan requirements are simple and available even to persons with bad credit
Apply for an installment loan today!
Apply for Minute Loan Center’s personal loans in Alabama and get the funds you need quickly. Our in-house creditors are waiting to review and approve your application.
Get The Money You Need Now.
Minute Loan Center Interest Rates, Charges, and Fees
Interest Rates and Interest Charges
Annual Percentage Rate (APR) for Advances
For balances up to $3,000, between 249.00% and 701.5625%, depending on your creditworthiness.
Paying Interest
We will begin charging interest on advances on the transaction date.
Fees
Set-up and Maintenance Fees
Account Set-up Fee
$9.95 (one-time fee)
Annual Fee
$24.95
Transaction Fees
Advance Fee
Either 15% or $1 of each Advance, whichever is greater.
Penalty Fees
Late Payment
Either $18 or 5% of the unpaid amount, whichever is greater (maximum $100)
Returned Payment
$30
Overlimit
$14.95
Other Fees
Credit Limit Increase Fee
$4.95 each time we agree, at your request, to increase the credit limit.
Paper Statement Delivery Fee
$9.95 for each paper statement we print and mail to you, if you cancel or withhold consent for us to prepare and deliver electronic statements.
Interest Charges for Advances
Your Account is subject to Interest Charges (periodic rate Finance Charges). The Interest Charges for Advances are based on the Annual Percentage Rate(s) and corresponding Daily Periodic Rate(s) we include in your Account Opening Disclosures.
We figure the Interest Charges on your Account by applying the Daily Periodic Rate to the “Daily Balance” of unpaid Advances in your Account for each day in the Billing Cycle.
To get the “Daily Balance,” we take the beginning balance of your Account each day, add any new Advances, and subtract any unpaid Interest Charges, Fees, and Other Charges, and any payments or credits.
Then, we multiply the Daily Balance for each day by the Daily Periodic Rate to obtain the “Daily Interest Charge” for the day, rounding the Daily Interest Charge to the nearest whole cent.
At the end of each Billing Cycle, we add together the Daily Interest Charges for each day in the Billing Cycle to determine the total Interest Charges due for your Account during the Billing Cycle.
License/Registration
Become a Minute Loan Center VIP Member!
The Minute Loan Center app for our online loans customers in Alabama gives you VIP access to many privileges like MLC coupons for discounts at major retailers, money for referrals, level up rewards and so much more! Get the Minute Loan Center mobile app today!
Disclaimer: Loan approval and terms are subject to verification of application information, underwriting review, and compliance with applicable state law. Not all applicants will qualify for the lowest advertised rates or for same-day funding. Funding times may vary based on bank processing schedules and customer verification requirements. Fees, repayment terms, and product availability differ by state. Please review your loan agreement carefully for complete terms and conditions. Please borrow responsibly. Loans are intended for short-term financial needs and are not a long-term financial solution.