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Alliant Credit Union Personal Loans: 2025 Review

Last updated on September 26, 2024
Jackie Veling
Written by 
Lead Writer & Content Strategist
Kim Lowe
Edited by 
Head of Content, Personal & Student Loans
Fact Checked
Kevin Voigt
Co-written by 
Contributing Writer
Jackie Veling
Written by 
Lead Writer & Content Strategist
Kevin Voigt
Co-written by 
Contributing Writer
Kim Lowe
Edited by 
Head of Content, Personal & Student Loans
Fact Checked

Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not influence our evaluations or ratings. Our opinions are our own.

Our Take

The Nerdy headline:

Alliant’s personal loans, with a wide range of loan amounts, fast funding and a rate discount, may be a good option for members.

Jump to:Full Review
Alliant Personal Loan

Est. APR
9.49-29.49%
Loan amount
$1,000 - $100,000
Min. credit score
None
on NerdWallet

Pros

  • Fast funding.
  • Wide range of loan amounts.
  • Rate discount for autopay.
  • Hardship program for borrowers in need.

Cons

  • Exclusive to credit union members.
  • No option to pre-qualify with a soft credit check.
Compare best personal loan lenders
Lender
Est. APR
Loan amount
Min. credit score
8.99- 35.49%
$5,000- $100,000
None
6.49- 25.29%
$5,000- $100,000
660
7.90- 35.99%
$1,000- $50,000
600
7.99- 35.99%
$1,000- $50,000
580
6.99- 35.99%
$2,000- $50,000
600
View more
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Full Review

Editor’s note: Alliant did not respond to our most recent request for details regarding its personal loan product. We reviewed its website and attempted to contact company representatives, but some of the information presented here may not be recently updated. Due to the lack of verifiable information, NerdWallet did not give Alliant’s personal loan a star rating.

Alliant Credit Union offers a wide range of personal loans with the possibility of same-day funding. Though loans are available to members only, Alliant’s membership requirements are broad compared with other credit unions.

To become an Alliant member, you must meet one of the following requirements:

  • Are a current or retired employee from one of Alliant’s partner businesses and organizations.

  • Are an immediate family member or domestic partner of an Alliant member.

  • Live or work near Alliant’s corporate headquarters in Chicago.

  • Are willing to become a member of Foster Care to Success, which serves foster teens across the country. Alliant will pay a $5 membership fee to the organization on your behalf.

Table of contents

Alliant personal loans at a glance

Minimum credit score

Not disclosed.

APR

9.49% - 29.49%.

Loan amount

$1,000 to $100,000.

Repayment terms

1, 2, 4 and 5 years.

Time to fund after approval

Same day.

Loan availability

Loans available in 50 states and Washington, D.C.

Where Alliant personal loans stand out

Wide range of loan amounts: Alliant’s personal loans range from $1,000 to $100,000. With this wide range of amounts, borrowers can choose the loan that best fits their needs, whether that's a small emergency repair or a large home improvement project.

Rate discount for autopay: Alliant offers a rate discount of 0.40 percentage points for setting up automatic payments. Not only can this help you avoid late fees, but the discount will be applied to the loan’s annual percentage rate, saving you money on interest.

Fast funding: According to Alliant, most personal loan applicants are approved the same day they apply. Once you sign loan documents, the lender can also provide same-day funding. As long as you submit the required documentation, this could mean applying and being funded within two business days.

Customer service support: The credit union offers solid customer support, including a call center that’s available 24/7, according to its website.

Financial hardship program: For borrowers who face an unexpected financial difficulty, Aliant has a payment assistance program which provides a reduced interest rate and payment over a set term. Not all lenders offer this kind of financial assistance.

Where Alliant personal loans fall short

No option to pre-qualify: Unlike other lenders, Alliant doesn't allow borrowers to pre-qualify before applying for a personal loan. That means you can’t check your potential loan amount, rate and monthly payment before undergoing a hard credit check. Pre-qualifying with multiple lenders is one of the best ways to compare loans.

How to use Alliant personal loans

Alliant personal loans can be used for debt consolidation, home improvement projects or emergency expenses. A loan can be used to refinance an existing Alliant loan, but carries a 1% additional APR charge.

Alliant personal loan customer reviews

As of September, 2024, Alliant has 1.9 stars on Trustpilot, a website that collects consumer reviews. Negative reviews related to customer service regarding loans and banking services. The credit union's mobile app received 4.5 stars across 8,800 reviews on Google Play and 4.7 stars across 8,300 reviews on the Apple App Store.

Do you qualify for an Alliant personal loan?

Alliant doesn’t disclose many of its borrower requirements, but according to the lender, approval and APR are based on payment method, creditworthiness and ability to repay.

To apply for a personal loan from Alliant, you must:

  • Be an Alliant Credit Union member for at least three months.

  • Supply your Social Security number, gross monthly income and employment information.

Before you apply

  • Calculate your monthly payments. Use a personal loan calculator to determine what APR and repayment term you’d need to get a loan with affordable monthly payments.

  • Make a plan to repay the loan. Review your budget to see how the loan’s monthly payments impact your cash flow. If you have to cut other expenses in order to repay the loan, it’s better to know that before you borrow.

  • Gather your documents. Most lenders require proof of income, which can be a W-2 or paystub, as well as proof of address and a Social Security number. Having these documents handy can speed the application process.

How to apply for an Alliant personal loan

Here are the steps to apply for a personal loan from Alliant.

  1. Apply on Alliant’s website. Since Alliant doesn’t let you pre-qualify, your first step is to submit a formal personal loan application. This could require documentation, like W-2s, pay stubs and bank statements to confirm your information. Alliant will do a hard credit check when you apply, so your credit score could temporarily dip.

  2. Make a plan to repay the loan. Alliant may report payments to the three main credit bureaus, so on-time payments will help build your credit score, but missed payments will hurt it. Setting up automatic payments and keeping an eye on your budget are two ways to manage your loan payments.

Compare Alliant to other lenders

Personal loan lenders offer different rates, loan amounts and special features, so it pays to weigh other options. The best personal loan is usually the one with the lowest APR.

Best Egg and LendingClub offer personal loans to borrowers with fair and good credit, and both let you pre-qualify to check your potential rate.

Best Egg

Minimum credit score

600.

APR

6.99% - 35.99%.

Fees

Origination: 0.99% to 9.99%.

Loan amount

$2,000 to $50,000.

Repayment terms

3 to 5 years.

Time to fund after approval

1 business day.

Loan availability

Loans not available in IA, VT, WV and Washington D.C.

LendingClub

Minimum credit score

600.

APR

7.90% - 35.99%.

Fees

  • Origination fee: 0% to 8%.

  • Late fee: The greater of $15 or 5% of the unpaid amount.

  • Insufficient funds: $15.

Loan amount

$1,000 to $50,000.

Repayment terms

2 to 6 years.

Time to fund after approval

1 business day.

Loan availability

Loans available in all 50 states and Washington, D.C.

Ready to apply? Select "See my rates" below to compare rates for different lenders on NerdWallet.

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How we chose the best personal loans

Our team of consumer lending experts follows an objective and robust methodology to rate lenders and pick the best.

35+

Lenders reviewed

We review over 35 lenders, including major banks, top credit unions, leading digital platforms, and high interest installment lenders operating across multiple states.

25+

Categories assessed

Each lender is evaluated across five weighted categories and 27 subcategories, covering affordability, eligibility, consumer experience, flexibility, and application process.

70+

Data points analyzed

Our team tracks and reassesses hundreds of data points annually, including APR ranges, fees, credit requirements, and borrower tools, ensuring up to date, accurate comparisons.

Star rating categories

We evaluate more categories than competitors and carefully weigh how each factor impacts your experience.
Affordability

25%

We review lenders’ annual percentage rate offerings at least twice per year and the competitiveness of each lenders’ APR range. We also assess whether a lender charges an origination fee and any opportunity for borrowers to receive a rate discount.
Customer experience

20%

We consider the experience of the consumer trying to manage a personal loan, which means accessibility of customer service representatives, whether borrowers can choose and change their payment due date, and the ability to track their loan on a mobile app.
Underwriting and eligibility

20%

We consider the rigorousness of each lender’s underwriting practices and how widely available their loans are. This category includes whether a lender does a hard credit check before providing a loan, the range of credit profiles they accept and how many states their loans are offered in.
Loan flexibility

20%

We assess how flexible lenders can be with borrowers, including whether they offer multiple loan types, personal loan amounts and repayment term options and whether they offer direct payment to creditors on debt consolidation loans.
Application process

15%

We consider the lender’s full application process, including a borrower’s ability to preview their loan offer via pre-qualification, whether basic loan information such as APR range and repayment terms are available and easy to find online and how quickly a loan can be funded after approval.

5.0

Overall score

NerdWallet’s review process evaluates and rates personal loan products from more than 35 financial technology companies and financial institutions. We collect over 70 data points and cross-check company websites, earnings reports and other public documents to confirm product details. We may also go through a lender’s pre-qualification flow and follow up with company representatives. NerdWallet writers and editors conduct a full fact check and update annually, but also make updates throughout the year as necessary.
Our star ratings award points to lenders that offer consumer-friendly features, including: soft credit checks to pre-qualify, competitive interest rates and no fees, transparency of rates and terms, flexible payment options, fast funding times, accessible customer service, reporting of payments to credit bureaus and financial education. Our ratings award fewer points to lenders with practices that may make a loan difficult to repay on time, such as charging high annual percentage rates (above 36%), underwriting that does not adequately assess consumers’ ability to repay and lack of credit-building help. We also consider regulatory actions filed by agencies like the Consumer Financial Protection Bureau. We weigh these factors based on our assessment of which are the most important to consumers and how meaningfully they impact consumers’ experiences.
NerdWallet does not receive compensation for our star ratings. Read more about our ratings methodologies for personal loans and our editorial guidelines.
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