Alliant Credit Union is recognized for offering its members reliable and affordable loan products. The institution provides a wide range of loan options with competitive interest rates.
Members have access to auto loans, personal loans, mortgages, HELOCs, and specialty loans designed to fit different needs.
This review explains the available loan types, their rates, benefits, and how they compare within the financial industry.
Auto Loans
Alliant Credit Union gives members access to competitive auto loan rates. These loans are available for new, used, and refinanced vehicles, with flexible repayment terms.
Each option has distinct advantages depending on your financial needs and vehicle choice. Understanding these differences helps you make an informed decision.
New Vehicle Loans
A new vehicle loan from Alliant starts with rates as low as 5.34% APR. Terms are available for up to 60 months, with the possibility of extension to 84 months for certain vehicles.
Members benefit from quick approvals, and automatic payments can help secure the lowest rates. This option works best if you want to lock in affordable financing on a brand-new car.
Used Vehicle Loans
Used vehicle loans begin at 5.84% APR with a maximum term of 60 months. These loans make it easier to buy reliable pre-owned vehicles without high financing costs.
The program also applies to cars up to 15 years old, giving flexibility for a wider range of buyers.
It’s an affordable solution for anyone looking to save money compared to new car pricing.
Vehicle Refinance Loans
Refinancing a current vehicle loan with Alliant offers members APRs starting at 5.84%. By refinancing, you can lower your monthly payments or secure a reduced interest rate.
This is beneficial if you initially financed at a higher rate or your credit has improved since your first loan. Alliant refinancing makes vehicle ownership more manageable.
Older Used Vehicle Loans (10–15 Years)
Alliant also covers older vehicles with loans beginning at 8.84% APR. This category supports buyers who want reliable but aged vehicles that many lenders reject.
While the rate is higher due to risk, it still offers members access to financing for cars often excluded from other programs. It demonstrates Alliant’s inclusivity for different vehicle purchases.
Tesla Loans
Tesla loans are specialized financing options with competitive terms. Alliant supports both new and used Tesla buyers, as well as those looking to refinance.
The loan process is designed to provide quick approvals for electric vehicle enthusiasts. This flexibility allows Tesla owners to access financing suited for premium cars.
New Tesla Financing
New Tesla loans begin at 5.24% APR for terms up to 60 months, extendable to 84 months. Members benefit from excellent loan rates and can often receive same-day approval.
This option is ideal for those looking to purchase the latest Tesla models with predictable monthly payments. The financing ensures access to competitive credit union advantages.
Used Tesla Loans and Refinance
For used Teslas, rates start at 5.59% APR, with the same rate applying to refinancing. Refinancing allows Tesla owners to lower their interest costs or extend repayment terms.
These loans are specifically crafted to meet the growing demand for electric vehicle financing. Members gain flexibility whether buying a used Tesla or improving an existing loan.
Car Buying Service
Alliant’s car buying service provides discounted rates and cost savings. This program is tailored for members who want competitive loan offers combined with transparent pricing.
It simplifies the car purchase process while ensuring you save money. Members also access added tools such as dealer networks and vehicle history reports.
Discounted Vehicle Loans
The car buying service offers 4.84% APR for new vehicles and 5.34% APR for used vehicles. Members save an average of $2,019 off MSRP when purchasing through this service.
The program also includes access to CARFAX reports on most pre-owned cars. These benefits enhance the buying experience with lower overall costs.
RV Loans
RV loans from Alliant provide flexible options for recreational vehicle owners. Whether for part-time use or full-time living, these loans cover a wide range of needs.
They include long repayment terms and high borrowing limits. Members who want lifestyle financing can benefit from competitive rates.
RV Financing Options
Rates for RV loans range from 6.49% to 7.49% APR. Terms extend up to 240 months, giving borrowers flexibility with repayments.
Loan amounts can reach up to $400,000, supporting both modest and luxury RV purchases. These features make Alliant an appealing choice for RV enthusiasts nationwide.
Personal Loans
Personal loans are a key product for members needing fast, unsecured financing. These loans cover a variety of expenses, from emergencies to debt consolidation.
They don’t require collateral, making them flexible and convenient. With no prepayment penalties, you can pay off your balance early to save on interest.
Short-Term Options
For quick financing, Alliant offers 12-month loans starting at 8.99% APR. These loans provide immediate access to cash for emergencies or small projects.
The unsecured nature means you don’t risk losing personal property if repayment issues arise. They are practical for short-term borrowing needs.
Mid-Term Options
A 24-month unsecured loan begins at 9.99% APR. This is a suitable option for debt consolidation or managing moderate home expenses.
Loan amounts range from $1,000 to $100,000, depending on your eligibility. Fast approvals and same-day deposits add to the appeal of these mid-term loans.
Loan Features
Personal loans come with flexible terms from 1 to 5 years. Members can choose repayment schedules that align with their financial plans.
Funds are often available the same day, and checks can be mailed if needed. The absence of prepayment penalties makes repayment more manageable.
Mortgages
Alliant’s mortgage products cover various borrower needs. Members can choose between conventional, FHA, VA, jumbo, and even doctor-specific loans.
Low down payment and no application fees make them competitive choices. Flexible rate lock-in periods enhance predictability for homebuyers.
Loan Products Available
Mortgages are accessible for first-time buyers and experienced homeowners. With nationwide availability, Alliant supports borrowers across the country.
FHA and VA loans provide access to government-backed options with flexible requirements. Doctor loans support medical professionals with tailored financing.
Rate Lock-ins
Members benefit from rate lock-ins of up to 90 days for purchase or refinance. For construction loans, rates can be locked for up to 365 days.
These features protect borrowers from market fluctuations while preparing their homes. It adds certainty during the often lengthy mortgage process.
Home Equity Line of Credit (HELOC)
The HELOC program gives members flexible access to equity funds. It includes introductory low rates followed by variable rates.
This product is useful for home improvements, education, or debt consolidation. The structure supports both short-term and long-term financial planning.
Introductory Rate
The HELOC starts at 3.99% APR fixed for six months. After this period, the rate adjusts between 7.75%–16.00% with auto-debit from an Alliant account.
This helps members access equity affordably at the start. The program remains competitive even when variable rates apply.
Features and Benefits
The HELOC offers lines of credit up to $250,000. It has a 10-year interest-only draw period and 20 years for repayment.
Members avoid closing costs or appraisal fees in most cases. This makes it an appealing solution for flexible financing needs.
Application Process
The application process at Alliant is simple and fast. Members can apply online or in person, with approvals often happening the same day. These steps ensure accurate evaluations for fair loan decisions.
- Become an Alliant member
- Choose your loan type and term
- Provide personal and financial documents
- Receive an approval decision, often within hours
- Complete funding and repayment setup
Membership Requirements
Membership is a prerequisite for accessing Alliant loans. Joining is simple and open through various methods.
The benefits extend beyond loans to include savings and other services. Members gain lifelong access once eligibility is established.
Eligibility Criteria
You can join Alliant through employer groups, partner organizations, or community ties. The family of existing members also qualifies.
In some cases, a donation to an affiliated partner may secure membership. This inclusivity helps broaden access to Alliant services.
Benefits of Choosing Alliant Loans
Alliant loans stand out for their affordability and flexibility. They are structured to prioritize members with lower costs and faster approvals.
Many products offer nationwide availability. These advantages make Alliant a practical choice in today’s lending market.
Competitive Rates
Rates at Alliant consistently beat industry averages. This saves members money over the life of their loan.
Combined with long terms and large borrowing amounts, Alliant loans suit a wide variety of financial needs. The credit union model ensures savings are passed directly to members.
Member-Centered Features
Key benefits include no prepayment penalties and quick funding. The ability to apply online makes the process efficient.
High borrowing limits for personal and mortgage loans provide flexibility. These features underline Alliant’s commitment to members.
Contact Information
Getting in touch with Alliant Credit Union is simple and straightforward. Members have multiple ways to reach support for loan applications or inquiries.
- Phone: 800-328-1935
- Address: Alliant Credit Union, 11545 W. Touhy Ave., Chicago, IL 60666
- Website
Disclaimer
Loan rates, terms, and features are subject to change. Approvals depend on your creditworthiness and eligibility.
Always confirm details directly with Alliant Credit Union. This ensures you receive the latest and most accurate information.
Conclusion – Why Alliant Stands Out
Alliant Credit Union provides members with some of the most competitive rates in the market.
With diverse loan options, fast approvals, and member-centered policies, it stands as a strong financial partner.
The credit union model ensures affordability, flexibility, and nationwide reach. For those who qualify for membership, Alliant loans are a valuable tool for financial growth.
