Online Loans in Alabama

Financer.com listed everything you need to know about online loans in the state of Alabama. Compare Alabama loans below and find the best loan for you.

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Borrow $1,000 with a period of 6 Months.
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Amount: $1,000 | Period: 6 Months
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We found 6 loans

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recommended

Chosen 49,028 times

recommended

Chosen 49,028 times

Loan Amount

$1,000

APR:

5.99% - 35.99%

Total Payment

$1,017.54

for 6 months

Monthly payback

$169.59

for 6 months

Lowest cost

Customer type:

All

Borrow up to

$35,000

Estimated Payback

09/11/2021

Weekend Payout

Age

18

62 Reviews

Interest & Costs

Flexibility & Terms

Website & Functionality

Support & Service

recommended

Chosen 70,713 times

recommended

Chosen 70,713 times

Loan Amount

$1,000

APR:

5.99% - 35.99%

Total Payment

$1,017.54

for 6 months

Monthly payback

$169.59

for 6 months

Most chosen

Customer type:

All

Borrow up to

$5,000

Estimated Payback

09/11/2021

Weekend Payout

Age

18

25 Reviews

Interest & Costs

Flexibility & Terms

Website & Functionality

Support & Service

Chosen 20,972 times

Chosen 20,972 times

Loan Amount

$1,000

APR:

5.99% - 35.99%

Total Payment

$1,017.54

for 6 months

Monthly payback

$169.59

for 6 months

Best reviews

Customer type:

All

Borrow up to

$35,000

Estimated Payback

09/11/2021

Weekend Payout

Age

18

9 Reviews

Interest & Costs

Flexibility & Terms

Website & Functionality

Support & Service

Important

Please note that loan amounts, interest rates and other loan terms may vary according to your state and credit profile.

Show all 6 offers
$1,000
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alabama loans

Alabama Payday Loans Laws

alabama payday loans Are you a resident of Alabama and would like to know more about your lending options? Learn how the legislation approved by the Alabama Senate on 2016 could affect you as a borrower.

The legislation regulated the interest a lender can charge by extending the repayment term from 30 days to 6 months. This was a sigh of relief to many borrowers since the decision allowed a product that most people rely on.

There are approximately 400,000 residents who use Alabama payday loans. These ones often go to local store fronts or apply online for quick cash advances.

Alabama Cash Advance Regulations

  • The maximum loan amount is $500
  • The loan repayment period must be between 10 and 31 days
  • The only companies allowed to give small loans are check cashing companies
  • Borrowers are only allowed one rollover

Alabama was one of the first states to start legislating small loans although most measures were scrapped later. Residents can now benefit from quick Alabama installment loans from the thousands of payday lending companies found in the state.

A borrower can only have one payday loan at a time. If he fails to repay this small loan on time, he is allowed one rollover. A lender has the right to charge a one-time NSF fee of $30 if there is not enough money in your linked account.

A lending company has no right to to threaten you with any criminal action if you fail to make timely payments to your loan. However, you could face such charges if a check is returned because your bank account is closed.

Payday Loans Eligibility in Alabama

  • Be at least 18 years old
  • An American citizen or a permanent resident
  • Have a steady source of income

At the time of application, you will need to provide your name, social security number and contact details. Other lenders will also need details regarding your employment and income.

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