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Best Loans in Alabama, Payday, Auto Title Laws of September 2026

ElitePersonalFinance • Loans By State •
Last Update: September 1, 2026
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Alabama’s Consumer Credit Act – enforced by the State Banking Department – is designed to control the cost of installment loans and protect Alabama residents. The act limits the annual interest rate lenders can charge. It works like this: $15 per $100 on the first $750 you borrow and $10 per $100 for amounts exceeding $750 but less than $2,000. If you happen to default on the loan, you’re allowed a 10-day grace period to come up with the funds. After 10 days, the lender can impose a late payment fee of $18 or 5% of the default amount. However, the late payment fee cannot exceed $100.

For loans of $300,000 or more, the maximum repayment term is 36 months and 15 days. For loans less than $300,000, the maximum repayment term is 25 months and 15 days.

For smaller loans, lenders must abide by Alabama’s Small Loan Act. The legislation limits interest charges to 3% per month for loans less than $200 and 2% per month for loans between $200 to $1,000. Similarly, late payment fees cannot exceed $18 or 5% of the amount in default, but the maximum repayment term is 12 months.

When breaking down both documents, we found some overlap between the two statues. It isn’t entirely clear which act loans in the $751 to $1,000 range must abide by. Thus, before taking out an installment loan, make sure you ask the lender which regulation the loan falls under.

Best Bad Credit Loans in Alabama of September 2026

Apply Now
Amount:

$100 - $15,000
Min. Credit Score:

0
APR:

5.99% - 35.99%
Approval:

5 Minutes
Terms:

1 - 72 Months
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

$1,000 - $50,000
Min. Credit Score:

300
APR:

5.6% - 35.99%
Approval:

5 Minutes
Terms:

3 - 5 Years
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

$100 - $40,000
Min. Credit Score:

0
APR:

5.99% - 35.99%
Approval:

5 Minutes
Terms:

1 - 60 Months
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

$100 - $15,000
Min. Credit Score:

0
APR:

5.99% - 35.99%
Approval:

5 Minutes
Terms:

1 - 60 Months
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

$100 - $40,000
Min. Credit Score:

0
APR:

5.99% - 35.99%
Approval:

5 Minutes
Terms:

1 - 60 Months
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

$200 - $5,000
Min. Credit Score:

0
APR:

5.99% - 35.99%
Approval:

5 Minutes
Terms:

1 - 60 Months
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

$1,000 - $100,000
Min. Credit Score:

0
APR:

5.99% - 35.99%
Approval:

< 1 Day
Terms:

12 - 120 Months
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

$1,000 - $35,000
Min. Credit Score:

580
APR:

5.99% - 35.99%
Approval:

< 1 Day
Terms:

90 Days - 72 Months
Licensed in Alabama:

Yes
Get started

If you have a problem getting a loan, please read our complete guide on bad credit loans.

Best Personal Loans for Good Credit in Alabama of September 2026

Apply Now
Amount:

$1,000 - $100,000
Min. Credit Score:

0
APR:

4.99 - 35.99%
Approval:

1 Day
Terms:

12 - 120 months
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

$2,000 - $40,000
Min. Credit Score:

640
APR:

7.95% - 35.99%
Approval:

1 - 3 Days
Terms:

36 - 60 months
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

$1,000 – $100,000
Min. Credit Score:

0
APR:

4.99 - 35.99%
Approval:

1 Day
Terms:

12 - 120 months
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

$1,000 – $35,000
Min. Credit Score:

580
APR:

5.99% – 35.99%
Approval:

< 1 Day
Terms:

90 Days – 72 Months
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

$1,000 – $50,000
Min. Credit Score:

500
APR:

3.99% – 35.99%
Approval:

< 1 Day
Terms:

1 – 5 Years
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

$1,000 – $50,000

Min. Credit Score:

600
APR:

7.99% - 35.97%
Approval:

< 1 Day
Terms:

3 - 5 Years
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

$5,000 – $35,000
Min. Credit Score:

640
APR:

5.99% – 24.99%
Approval:

1 – 7 Days
Terms:

2 - 5 Years
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

$2,500-$35,000
Min. Credit Score:

660
APR:

6.99-24.99%
Approval:

1 Day
Terms:

24 - 84 Months
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

$7,500 - $40,000
Min. Credit Score:

680
APR:

6 - 15%
Approval:

1 - 7 Days
Terms:

36 - 84 months
Licensed in Alabama:

Yes
Get started

Payday Loan Laws in Alabama of September 2026

Maximum Loan Amount: $500

Minimum Loan Term: 10 days

Maximum Loan Term: 31 days

Maximum Fee: 17.5% for every $100 borrowed

Maximum APR: 456.25%

Rollovers: 1 rollover per loan

Loan Limit: You must wait one business day after repaying two consecutive loans

Payday loans are legal in Alabama. However, state law limits borrowing amounts to $500 and caps APRs at just over 456%. You’re allowed one rollover per loan, but after repaying your second consecutive payday loan, you must wait for at least one business before submitting another application. As well, lenders are allowed to charge a $30 non-sufficient funds fee.

Payday lenders are licensed under Alabama’s Deferred Presentment Services Act, Section-5-18A-1. All lenders must have a current license to comply and disclose all material information – including interest and fees – before a loan is officially processed. They’re also required to pay an annual license fee of $500 for each branch, office, or place of business that the lender operates.

Payday Loan Laws in Alabama by Country of September 2026

ElitePersonalFinance analysis of payday loan laws by countries in the State of Alabama.

We haven’t found a significant difference between the payday loan laws in Alabama. If you are with bad credit, here are the laws in Alabama by country.

City: Amount Allowed: APR Allowed: Status:
City:Birmingham Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Montgomery Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Huntsville Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Mobile Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Tuscaloosa Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Hoover Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Dothan Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Auburn Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Decatur Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Madison Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Florence Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Phenix City Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Prattville Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Gadsden Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Vestavia Hills Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Alabaster Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Opelika Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Enterprise Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Bessemer Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Homewood Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Northport Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Daphne Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Athens Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Pelham Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Prichard Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Anniston Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Trussville Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Albertville Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Oxford Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Mountain Brook Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Fairhope Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Troy Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Selma Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Helena Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Foley Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Tillmans Corner Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Center Point Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Talladega Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Hueytown Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Cullman Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Millbrook Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Alexander City Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Scottsboro Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Ozark Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Hartselle Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Saraland Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Fort Payne Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Gardendale Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Muscle Shoals Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Jasper Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Pell City Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Calera Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Moody Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Jacksonville Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Chelsea Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Irondale Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Sylacauga Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Leeds Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Eufaula Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Gulf Shores Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Fairfield Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Saks Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Pleasant Grove Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Atmore Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Russellville Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Clay Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Rainbow City Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Boaz Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Meadowbrook Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Valley Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Forestdale Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Fultondale Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Bay Minette Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Sheffield Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Pike Road Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Andalusia Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Southside Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Clanton Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Tuskegee Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Tuscumbia Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Guntersville Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Spanish Fort Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Arab Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Wetumpka Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Greenville Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Pinson Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Brook Highland Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Demopolis Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Moores Mill Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Hamilton Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Montevallo Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Meridianville Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Lincoln Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Oneonta Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Robertsdale Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Opp Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Theodore Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Lanett Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Tarrant Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Satsuma Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Monroeville Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Grayson Valley Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Roanoke Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Orange Beach Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Attalla Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Chickasaw Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Harvest Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Highland Lakes Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Smiths Station Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Brewton Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Midfield Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Fort Rucker Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Glencoe Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Daleville Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Rainsville Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Tallassee Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Childersburg Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Semmes Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Jackson Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Brent Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Margaret Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Headland Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Piedmont Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Pine Level Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Winfield Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Columbiana Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Fayette Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Geneva Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Adamsville Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Hokes Bluff Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Redland Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Argo Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Springville Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Holt Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Holtville Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Grand Bay Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Mount Olive CDP Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Alexandria Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Thomasville Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Haleyville Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Citronelle Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Elba Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Valley Grande Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Odenville Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Evergreen Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Union Springs Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Centre Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Cottondale Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Hazel Green Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Heflin Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Ladonia Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Livingston Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Marion Amount Allowed:$500 APR Allowed:456% Status:Legal
City:West End-Cobb Town Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Hanceville Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Priceville Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Moulton Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Warrior Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Emerald Mountain Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Underwood-Petersville Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Dadeville Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Red Bay Amount Allowed:$500 APR Allowed:456% Status:Legal
City:York Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Weaver Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Kimberly Amount Allowed:$500 APR Allowed:456% Status:Legal
City:Lake View Amount Allowed:$500 APR Allowed:456% Status:Legal

What if I Don’t Qualify for a Loan?

If you’re struggling to obtain a loan, there are other ways to make money and bridge the gap. Today’s digital economy offers plenty of ways to earn extra cash and keep your finances above water. Some options include: working as an Uber driver, filling out paid surveys, or freelancing online. Whatever your preference, you can find helpful tips in our money-making guide.

Car Title Loans in Alabama of September 2026

Car title loans are also legal in Alabama.

But before choosing a lender, make sure the company is licensed in the state. Like payday lenders, car title lenders must pay an annual fee to maintain their license.

There are no limits on the amount you can borrow, and APRs can reach as high as 300% in Alabama. But because car title lenders are subject to Alabama’s Pawn Shop Act, loans have a maximum 30-day repayment period, and interest rates are capped at 25% per month.

What separates Alabama from other U.S. states is its repossession laws. If you default on the loan, a 30-day rollover begins. Here, you’re charged additional fees and interest, which are added to your original loan. If you’re still in default after the 30-day extension, the lender can repossess your car. But after the repossession and sale, Alabama state law allows lenders to keep any surplus profits from the transaction. For example, if you borrow $2,000 and your car is repossessed and sold for $3,500, the lender is legally allowed to keep the entire $3,500. Other U.S. states require the lender to return the $1,500 excess.

Alternative Payday Loans in Alabama of September 2026

If you don’t qualify for a personal loan, alternative payday loans are the next best thing. While their APRs are much higher than personal loans – ranging from 35.99% to roughly 200% – they’re a much cheaper option than traditional payday loans.

OppLoans is a prime example. The company’s APRs range from 59% to 160%, but the lender is licensed in Alabama and complies with all applicable laws. The State Banking Department granted its license.

For more information on how alternative lenders can help when others can’t, see our detailed guide.

Best Auto Loans for Bad Credit in Alabama of September 2026

Apply Now
Amount:

$1,000 - $100,000
Min. Credit Score:

0
APR:

From 1.99%
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

$1,000 - $100,000
Min. Credit Score:

0
APR:

From 1.99%
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

Up to $100,000
Min. Credit Score:

0
APR:

Vary
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

Up to $100,000
Min. Credit Score:

0
APR:

Vary
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

Up to $100,000
Min. Credit Score:

0
APR:

Vary
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

$8,000 - $100,000
Min. Credit Score:

500
APR:

2.74% - 27%
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

$1,000 - $100,000
Min. Credit Score:

500
APR:

From 3.09%
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

$250 - $500,000
Min. Credit Score:

640
APR:

2.99% - 21.99%
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

$1,500 - $20,000
Min. Credit Score:

0
APR:

18.00% - 35.99%
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

$1,000 - $45,000
Min. Credit Score:

0
APR:

From 0.99%
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

$1,000 - $35,000
Min. Credit Score:

0
APR:

From 1.99%

Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

$7,500 - $50,000
Min. Credit Score:

500
APR:

From 3.39%
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

$5,000 – $55,000
Min. Credit Score:

510
APR:

3.99% - 24.99%
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

$1,000 - $100,000
Min. Credit Score:

0
APR:

3.90% - 27.90%
Licensed in Alabama:

Yes
Get started

Best Auto Loans for Good Credit in Alabama of September 2026

Apply Now
Amount:

$1,000 - $100,000
Min. Credit Score:

0
APR:

From 1.99%
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

$1,000 - $100,000
Min. Credit Score:

0
APR:

From 1.99%
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

$1,000 - $100,000
Min. Credit Score:

500
APR:

From 3.09%
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

$250 - $500,000
Min. Credit Score:

640
APR:

2.99% - 21.99%
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

$5,000-$100,000
Min. Credit Score:

660
APR:

4.99% to 9.19%
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

$7,500 - $50,000
Min. Credit Score:

500
APR:

From 3.39%
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

$8,000 - $100,000
Min. Credit Score:

500
APR:

2.74% - 27%
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

$1,000 - $100,000
Min. Credit Score:

0
APR:

3.90% - 27.90%
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

$3,000 - $100,000
Min. Credit Score:

650
APR:

From 3.12%
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

$5,000 - $100,000
Min. Credit Score:

640
APR:

From 3.54%
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

$5,000 – $55,000
Min. Credit Score:

510
APR:

3.99% - 24.99%
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

$5,000 - $100,000
Min. Credit Score:

600
APR:

3.54% - 10.24%
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

$1,500 - $20,000
Min. Credit Score:

0
APR:

18.00% - 35.99%
Licensed in Alabama:

Yes
Get started

Credit Unions in Alabama of September 2026

Name: APR: Amount:
Name:Redstone Federal Credit Union APR:9.92% – 18% Amount:$5,000
Name:America’s First Federal Credit Union APR:10.80% – 18% Amount:Varies
Name:MAX Credit Union APR:8.69% – 18% Amount:Varies

Redstone Federal Credit Union

Redstone Signature Loans allow you to borrow up to $5,000 and have fixed APRs that range from 10.25% to 18%. If you opt for a variable rate, you can receive an APR as low as 9.92%. Loans are unsecured, so no collateral is required. Redstone also offers a secured loan option where you use your savings account, certificate of deposit (CD), or annuity as collateral for the loan. By putting up collateral, you’re able to decrease your APR and still earn dividends on your collateral balance. Keep in mind that you need to be a member. To qualify, you must open a Redstone Savings Account and maintain a minimum balance of $5.

Redstone personal loans are available at 20 locations across Alabama, and the lender has branches in Huntsville, Hartselle, Arab, Guntersville, and many others.

America’s First Federal Credit Union

While loan amounts vary by the borrower, America’s First offers extremely competitive APRs. Personal loans have fixed APRs that range from 10.80% to 18%. You can also secure your loan and lower your APR. Like Redstone, you need to be a member to qualify. However, you only need to live, work, worship, or attend school in one of the following counties:

  • Bibb
  • Blount
  • Calhoun
  • Jefferson
  • Shelby
  • Clair
  • Walker
  • Mobile and Talladega (certain areas, not all)

America’s first also operates 19 branches across Alabama located in Bessemer, Cullman, Birmingham, Gardendale, etc.

MAX Credit Union

Offering unsecured loans that start at $1,000, MAX has APRs that range from 8.69% to 18%. You can also opt for a secured loan with APRs as low as 2% above your CD dividend rate.

There are 23 branches and ATM locations across Alabama with services in Auburn, Montgomery, Millbrook, Opelika, and others.

All Licensed Credit Unions in Alabama of September 2026

Name: City: Size (Millions): Members:
Name:REDSTONE FEDERAL CREDIT UNION City:Huntsville Size (Millions):$3,188.43 Members:342640
Name:AMERICA’S FIRST FEDERAL CREDIT UNION City:Birmingham Size (Millions):$1,207.49 Members:113174
Name:MAX CREDIT UNION City:Montgomery Size (Millions):$913.54 Members:109921
Name:ARMY AVIATION CENTER FEDERAL CREDIT UNION City:Daleville Size (Millions):$1,033.24 Members:105819
Name:LISTERHILL EMPLOYEE’S CREDIT UNION City:Sheffield Size (Millions):$540.80 Members:69855
Name:FAMILY SECURITY CREDIT UNION City:Decatur Size (Millions):$462.04 Members:67296
Name:APCO EMPLOYEES CREDIT UNION City:Birmingham Size (Millions):$2,129.51 Members:63784
Name:FAMILY SAVINGS FEDERAL CREDIT UNION City:Gadsden Size (Millions):$281.04 Members:58649
Name:ALABAMA ONE CREDIT UNION City:Tuscaloosa Size (Millions):$598.14 Members:56986
Name:ALABAMA TELCO CREDIT UNION City:Birmingham Size (Millions):$573.11 Members:54106
Name:ALABAMA CREDIT UNION City:Tuscaloosa Size (Millions):$479.31 Members:46346
Name:LEGACY COMMUNITY FEDERAL CREDIT UNION City:Birmingham Size (Millions):$387.61 Members:42358
Name:COMMUNITY CREDIT UNION City:Gadsden Size (Millions):$238.27 Members:39765
Name:MUTUAL SAVINGS CREDIT UNION City:Birmingham Size (Millions):$161.29 Members:37143
Name:NEW HORIZONS CREDIT UNION City:Mobile Size (Millions):$187.86 Members:32699
Name:AOD FEDERAL CREDIT UNION City:Bynum Size (Millions):$228.91 Members:30372
Name:GUARDIAN CREDIT UNION City:Montgomery Size (Millions):$212.08 Members:30310
Name:ALABAMA STATE EMPLOYEES CREDIT UNION City:Montgomery Size (Millions):$195.37 Members:27221
Name:ALABAMA CENTRAL CREDIT UNION City:Birmingham Size (Millions):$124.56 Members:24627
Name:COOSA PINES FEDERAL CREDIT UNION City:Childersburg Size (Millions):$210.14 Members:20608
Name:FORT MCCLELLAN CREDIT UNION City:Anniston Size (Millions):$167.03 Members:20572
Name:ALABAMA TEACHERS CREDIT UNION City:Gadsden Size (Millions):$213.84 Members:19482
Name:AUBURN UNIVERSITY FEDERAL CREDIT UNION City:Auburn Size (Millions):$134.10 Members:17496
Name:TVA CREDIT UNION City:Muscle Shoals Size (Millions):$268.40 Members:17474
Name:FIRST EDUCATORS CREDIT UNION City:Hoover Size (Millions):$117.23 Members:16451
Name:FIVE STAR CREDIT UNION City:Dothan Size (Millions):$183.53 Members:16137
Name:MOBILE EDUCATORS CREDIT UNION City:Mobile Size (Millions):$69.40 Members:13617
Name:ECO CREDIT UNION City:Birmingham Size (Millions):$113.56 Members:13591
Name:NORTH ALABAMA EDUCATORS CREDIT UNION City:Huntsville Size (Millions):$79.37 Members:11580
Name:SECURE FIRST CREDIT UNION City:Birmingham Size (Millions):$46.72 Members:10667
Name:HERITAGE SOUTH CREDIT UNION City:Sylacauga Size (Millions):$78.46 Members:9651
Name:UNIVERSITY OF SOUTH ALABAMA FEDERAL CREDIT UNION City:Mobile Size (Millions):$30.24 Members:8987
Name:FOUR SEASONS FEDERAL CREDIT UNION City:Opelika Size (Millions):$45.17 Members:8825
Name:JEFFERSON COUNTY EMPLOYEES CREDIT UNION City:Birmingham Size (Millions):$65.54 Members:8484
Name:TUSCALOOSA TEACHERS CREDIT UNION City:Tuscaloosa Size (Millions):$106.63 Members:8463
Name:ACIPCO FEDERAL CREDIT UNION City:Birmingham Size (Millions):$134.82 Members:7360
Name:RIVERDALE CREDIT UNION City:Selma Size (Millions):$48.82 Members:7345
Name:RAILROAD FEDERAL CREDIT UNION City:Irondale Size (Millions):$107.40 Members:6809
Name:VALLEY CREDIT UNION City:Tuscumbia Size (Millions):$60.48 Members:6426
Name:NAHEOLA CREDIT UNION City:Pennington Size (Millions):$72.71 Members:6109
Name:DCH CREDIT UNION City:Tuscaloosa Size (Millions):$32.45 Members:5998
Name:IAM COMMUNITY FEDERAL CREDIT UNION City:Daleville Size (Millions):$37.44 Members:5945
Name:TUSCALOOSA CREDIT UNION City:Tuscaloosa Size (Millions):$53.50 Members:5761
Name:WIREGRASS FEDERAL CREDIT UNION City:Dothan Size (Millions):$39.33 Members:5751
Name:TUSCALOOSA V A FEDERAL CREDIT UNION City:Tuscaloosa Size (Millions):$45.60 Members:5562
Name:GULF COAST FEDERAL CREDIT UNION City:Mobile Size (Millions):$29.15 Members:5255
Name:CRAIG CREDIT UNION City:Selma Size (Millions):$10.85 Members:5137
Name:TRI-RIVERS FEDERAL CREDIT UNION (TRFCU) City:Montgomery Size (Millions):$18.45 Members:5058
Name:LANDMARK CREDIT UNION City:Fairfield Size (Millions):$55.20 Members:4832
Name:THE INFIRMARY FEDERAL CREDIT UNION City:Mobile Size (Millions):$14.00 Members:4764
Name:WOLVERINE CREDIT UNION City:Decatur Size (Millions):$22.80 Members:4743
Name:ROCKET CITY FEDERAL CREDIT UNION City:Huntsville Size (Millions):$39.00 Members:4540
Name:FLORENCE FEDERAL CREDIT UNION City:Florence Size (Millions):$45.88 Members:4393
Name:EAST ALABAMA COMMUNITY FEDERAL CREDIT UNION (EAMCFCU) City:Opelika Size (Millions):$10.19 Members:4198
Name:CHATTAHOOCHEE FEDERAL CREDIT UNION City:Adamsville Size (Millions):$14.07 Members:3785
Name:ALABAMA RURAL ELECTRIC FEDERAL CREDIT UNION City:Montgomery Size (Millions):$27.34 Members:3658
Name:SOCIAL SECURITY CREDIT UNION City:Birmingham Size (Millions):$27.02 Members:3634
Name:BALDWIN COUNTY FEDERAL CREDIT UNION City:Bay Minette Size (Millions):$18.21 Members:3451
Name:CHAMPION COMMUNITY CREDIT UNION City:Courtland Size (Millions):$50.33 Members:3130
Name:AZALEA CITY CREDIT UNION City:Mobile Size (Millions):$19.07 Members:2954
Name:MILESTONE CREDIT UNION City:Fultondale Size (Millions):$20.58 Members:2928
Name:CITY CREDIT UNION City:Tuscaloosa Size (Millions):$14.42 Members:2726
Name:SHORELINE CREDIT UNION City:Mobile Size (Millions):$7.82 Members:2673
Name:LAUDERDALE COUNTY TEACHERS CREDIT UNION City:Florence Size (Millions):$29.41 Members:2521
Name:ENERGEN CREDIT UNION City:Birmingham Size (Millions):$20.12 Members:2463
Name:ELECTRICAL WORKERS NO 558 FEDERAL CREDIT UNION City:Sheffield Size (Millions):$20.21 Members:2446
Name:OPP-MICOLAS CREDIT UNION City:Opp Size (Millions):$12.97 Members:2263
Name:TUSKEGEE FEDERAL CREDIT UNION City:Tuskegee Size (Millions):$5.01 Members:2240
Name:PIKE TEACHERS CREDIT UNION City:Troy Size (Millions):$7.90 Members:2229
Name:BREWTON MILL FEDERAL CREDIT UNION City:Brewton Size (Millions):$17.93 Members:2018
Name:ALLIED CREDIT UNION City:Jackson Size (Millions):$13.22 Members:2002
Name:MCINTOSH CHEMICAL FEDERAL CREDIT UNION City:Mcintosh Size (Millions):$17.95 Members:1999
Name:ANG FEDERAL CREDIT UNION City:Birmingham Size (Millions):$19.55 Members:1931
Name:COVINGTON SCHOOLS FEDERAL CREDIT UNION City:Andalusia Size (Millions):$16.64 Members:1856
Name:FEDMONT FEDERAL CREDIT UNION City:Montgomery Size (Millions):$11.59 Members:1850
Name:STEVENSON FEDERAL CREDIT UNION City:Stevenson Size (Millions):$16.02 Members:1834
Name:HEALTH CREDIT UNION City:Birmingham Size (Millions):$20.77 Members:1831
Name:CITY OF B’HAM GENERAL EMPLOYEES CREDIT UNION City:Birmingham Size (Millions):$5.75 Members:1797
Name:RAILWAY EMPLOYEES CREDIT UNION City:Muscle Shoals Size (Millions):$16.87 Members:1752
Name:EBSCO FEDERAL CREDIT UNION City:Birmingham Size (Millions):$13.34 Members:1750
Name:MONTGOMERY VA FEDERAL CREDIT UNION City:Montgomery Size (Millions):$7.74 Members:1748
Name:BIRMINGHAM POLICE CREDIT UNION City:Birmingham Size (Millions):$5.40 Members:1699
Name:TUSCALOOSA COUNTY CREDIT UNION City:Tuscaloosa Size (Millions):$8.62 Members:1651
Name:MEAD COATED BOARD FEDERAL CREDIT UNION City:Phenix City Size (Millions):$44.86 Members:1574
Name:MOBILE POSTAL CREDIT UNION City:Mobile Size (Millions):$10.81 Members:1530
Name:ALABAMA RIVER CREDIT UNION City:Monroeville Size (Millions):$14.15 Members:1488
Name:FEDERAL EMPLOYEES CREDIT UNION City:Birmingham Size (Millions):$12.35 Members:1488
Name:PHENIX PRIDE FEDERAL CREDIT UNION (PPFCU) City:Phenix City Size (Millions):$5.03 Members:1381
Name:L&N EMPLOYEES CREDIT UNION City:Birmingham Size (Millions):$10.73 Members:1343
Name:MONROE EDUCATION EMPLOYEES FEDERAL CREDIT UNION City:Monroeville Size (Millions):$4.31 Members:1302
Name:PEOPLE’S FIRST FEDERAL CREDIT UNION City:Tarrant Size (Millions):$5.74 Members:1200
Name:NORTHEAST ALABAMA POSTAL FEDERAL CREDIT UNION City:Anniston Size (Millions):$14.41 Members:1180
Name:MOBILE GOVERNMENT EMP. CREDIT UNION City:Mobile Size (Millions):$22.18 Members:1152
Name:ANDALUSIA MILLS EMPLOYEES CREDIT AS FEDERAL CREDIT UNION City:Andalusia Size (Millions):$2.76 Members:1082
Name:SYCAMORE FEDERAL CREDIT UNION City:Sycamore Size (Millions):$10.81 Members:1078
Name:O’NEAL CREDIT UNION City:Birmingham Size (Millions):$2.66 Members:1074
Name:MARVEL CITY FEDERAL CREDIT UNION City:Bessemer Size (Millions):$7.66 Members:1026
Name:SIXTH AVENUE BAPTIST FEDERAL CREDIT UNION City:Birmingham Size (Millions):$4.38 Members:989
Name:COUNCILL FEDERAL CREDIT UNION City:Huntsville Size (Millions):$2.95 Members:944
Name:N.E.A.R.M.C. EMPLOYEES FEDERAL CREDIT UNION City:Anniston Size (Millions):$3.25 Members:941
Name:BLUE FLAME CREDIT UNION City:Mobile Size (Millions):$7.89 Members:907
Name:PROGRESSIVE FEDERAL CREDIT UNION City:Mobile Size (Millions):$6.19 Members:894
Name:DEGUSSA EMPLOYEES FEDERAL CREDIT UNION City:Theodore Size (Millions):$5.69 Members:871
Name:NEW PILGRIM FEDERAL CREDIT UNION City:Birmingham Size (Millions):$1.53 Members:853
Name:FIREMAN’S CREDIT UNION City:Birmingham Size (Millions):$3.91 Members:838
Name:ALABAMA POSTAL CREDIT UNION City:Birmingham Size (Millions):$6.80 Members:811
Name:BRASSIES CREDIT UNION City:Anniston Size (Millions):$8.26 Members:749
Name:TVH FEDERAL CREDIT UNION City:Tuskegee Size (Millions):$4.43 Members:732
Name:CLARKE EDUCATORS FEDERAL CREDIT UNION City:Auburn Size (Millions):$2.72 Members:729
Name:DEMOPOLIS FEDERAL CREDIT UNION City:Demopolis Size (Millions):$0.54 Members:672
Name:U S PIPE BESSEMER EMPLOYEES FEDERAL CREDIT UNION City:Bessemer Size (Millions):$3.06 Members:586
Name:FOGCE FEDERAL CREDIT UNION City:Eutaw Size (Millions):$1.19 Members:570
Name:NUCOR EMPLOYEES FEDERAL CREDIT UNION City:Fort Payne Size (Millions):$3.48 Members:450
Name:DIXIE CRAFT EMPLOYEES CREDIT UNION City:Goodwater Size (Millions):$2.72 Members:441
Name:CHEMCO CREDIT UNION City:Mcintosh Size (Millions):$4.63 Members:418
Name:NORTH ALABAMA PAPERMAKERS FEDERAL CREDIT UNION City:Stevenson Size (Millions):$1.90 Members:411
Name:S R I EMPLOYEES FEDERAL CREDIT UNION City:Birmingham Size (Millions):$6.91 Members:409
Name:POSTAL EMPLOYEES CREDIT UNION City:Huntsville Size (Millions):$3.23 Members:384
Name:NRS COMMUNITY DEVELOPMENT FEDERAL CREDIT UNION City:Birmingham Size (Millions):$0.98 Members:359
Name:CHEM FAMILY CREDIT UNION City:Anniston Size (Millions):$6.33 Members:323
Name:TUSCUMBIA FEDERAL CREDIT UNION City:Tuscumbia Size (Millions):$1.44 Members:287
Name:ST. JOHNS AME BIRMINGHAM FEDERAL CREDIT UNION City:Birmingham Size (Millions):$0.05 Members:204
Name:EMPLOYEES SAVINGS CREDIT UNION City:Montgomery Size (Millions):$2.54 Members:203
Name:FIRST KINGDOM COMMUNITY FEDERAL CREDIT UNION City:Selma Size (Millions):$0.15 Members:109

Student Loans in Alabama of September 2026

If you need a loan to help pay for college, Federal student loans – obtained through the U.S. Department of education – are the most common. Federal student loans are preferable to private student loans because they offer debt forgiveness, charge zero interest until you graduate, and allow you to repay the proceeds as a percentage of your income. For more information, see our detailed guide.

At the state level, though, Alabama residents have access to grants and subsidy programs designed to make college more affordable.

Alabama Student Assistance Program (ASAP)

The ASAP Program provides anywhere from $300 to $5,000 in funding per year to students in need of financial aid. To be eligible, you must be a resident of Alabama and attend one of the 80 partner institutions. As well, you need to submit your application by October 1st of each year. You can do so through the Federal Student Aid website or your prospective school’s financial aid office.

Alabama Student Grant Program

Unlike the ASAP, the Alabama Student Grant Program is determined by academic merit and not financial need. The amount you qualify for varies, but funding never exceeds $1,200 per year. Only select institutions participate in the program, but here is the list of eligible colleges and universities:

  • Amridge University
  • Birmingham Southern College
  • Faulkner University
  • Huntingdon College
  • Judson College
  • Miles College
  • Oakwood University
  • Samford University
  • Spring Hill College
  • South University – Montgomery
  • Stillman College
  • S. Sports Academy
  • University of Mobile

Federal Housing Administration (FHA) Loans in Alabama of September 2026

FHA loans are used to help middle and low-income families achieve their dream of owning a home. They require a small down payment and have lower credit score requirements. In Alabama, you also have the option to refinance up to 97.5% of your home’s value or cash out up to 85% of its value.

Eligibility requirements include:

  • A 3.5% down payment on your property.
  • The home must be your primary residence.
  • If you filed for Chapter 7 bankruptcy, you must wait 2 years (after your bankruptcy was charged off) before applying for an FHA loan.
  • If your home was foreclosed, you must wait 3 years before applying for an FHA loan.

Like many states across the U.S., FHA loan limits vary by county and the size of the property.

Here are the figures by county:

County: Single Unit Limit (lowest): Four-Plex Limit (highest):
County:Autauga County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Baldwin County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Barbour County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Bibb County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Blount County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Bullock County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Butler County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Calhoun County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Chambers County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Cherokee County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Chilton County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Choctaw County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Clarke County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Clay County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Cleburne County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Coffee County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Colbert County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Conecuh County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Coosa County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Covington County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Crenshaw County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Cullman County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Dale County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Dallas County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Dekalb County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Elmore County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Escambia County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Etowah County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Fayette County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Franklin County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Geneva County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Greene County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Hale County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Henry County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Houston County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Jackson County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Jefferson County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Lamar County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Lauderdale County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Lawrence County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Lee County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Limestone County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Lowndes County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Macon County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Madison County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Marengo County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Marion County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Marshall County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Mobile County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Monroe County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Montgomery County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Morgan County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Perry County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Pickens County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Pike County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Randolph County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Russell County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Shelby County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:St. Clair County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Sumter County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Talladega County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Tallapoosa County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Tuscaloosa County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Walker County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Washington County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Wilcox County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100
County:Winston County Single Unit Limit (lowest):$331,760 Four-Plex Limit (highest):$638,100

Business Loans in Alabama of September 2026

As you can see, loan limits remain fairly constant throughout each county. The lowest FHA loan amount is $314,827, while the highest is $636,900. Only three counties in Alabama – Hale, Pickens, and Tuscaloosa – allow for higher borrowing amounts than the rest of the state.

If you need a business loan, these online lenders offer reliable service and extremely competitive APRs:

Apply Now
Amount:

Up to $10,000,000
APR:

Vary
Min. Credit Score:

0
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

$5,000 - $500,000
APR:

9.77% - 35.98%
Min. Credit Score:

600
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

$5,000 - $500,000
APR:

5.99% – 35.99%
Min. Credit Score:

500
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

Up to $250,000
APR:

24% – 99%
Min. Credit Score:

560
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

Up to $350,000
APR:

9.28 - 10.52%
Min. Credit Score:

650
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

Up to $350,000
APR:

10.00 - 25.00%
Min. Credit Score:

680
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

$75,000 - $5,000,000
APR:

5.50 - 8.25%
Min. Credit Score:

650
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

Up to $500,000
APR:

12.18 - 36.00%
Min. Credit Score:

660
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

Up to $500,000
APR:

9.00 - 99.00%
Min. Credit Score:

600
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

Up to $5,000,000
APR:

15.00 - 78.00%
Min. Credit Score:

600
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

Up to $1,000,000
APR:

Vary
Min. Credit Score:

0
Licensed in Alabama:

Yes
Get started
Apply Now
Amount:

$6,000 to $250,000
APR:

Vary
Min. Credit Score:

0
Licensed in Alabama:

Yes
Get started

However, if you don’t qualify for the options above or prefer to deal with a local lender in Alabama, the options below are a solid alternative.

LiftFund Loans

While the company doesn’t disclose its APRs, LiftFund is a non-profit lender that offers as little as $500 to upwards of $1,000,000. Loans are available to business owners in Birmingham, Mobile, Tuscaloosa, Montgomery, and Huntsville. The average credit score of LiftFund borrowers is 575 – much lower than traditional banks. As well, if your credit score is less than 575, there is a co-signer option.

All businesses qualify for LiftFund loans except those in the adult entertainment industry. However, if you filed for Chapter 7 bankruptcy in the last two years or Chapter 12 bankruptcy in the last year, you’re ineligible.

You can contact LiftFund directly through its website or visit their branch in Bessemer to learn more.

Alabama Banks and Credit Unions

There is a wide range of banks and credit unions in Alabama that offer in-state business loans. Reputable lenders include the First Bank of Alabama, Peoples Bank of Alabama, and the Alabama Credit Union. However, loan amounts and APRs vary depending on your business needs and your company’s cash flows. When deciding between lenders, it’s best to set up an in-house consultation and discuss your options.

How to Avoid Debt Cycle

When bills are piling up, taking out a loan can seem like your only option. However, if you’re not careful, the process can quickly get out of hand. You end up trying to service several loans that continue to compound with interest.

If you’re struggling and not sure where to turn, consider contacting a credit counselor. They can advise you on how to reduce your debt load and work with creditors to find an amicable solution. Many are available through non-profit organizations, and you can find help through the National Foundation for Credit Counseling.

Through the CFPB’s website, you can also find information on developing a debt management plan and avoiding upfront fees when working with debt settlement companies.

Conclusion

If you’re a resident of Alabama and need a reliable loan, you’ve come to the right place. We found plenty of reputable lenders – both online and in-state – that provide affordable financing. When narrowing your search, we always recommend you start with personal loans. APRs are capped at 35.99% even for those with bad credit, so they remain a reliable option. As well, Alabama credit unions are another great alternative. Their APRs are capped at 18%, which makes them extremely affordable. However, before taking out any loan, determine whether the product is regulated by Alabama’s Consumer Credit Act or the Small Loan Act. There is a slight overlap between the two statutes, so it’s best to ask ahead of time to avoid surprises.

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