Online Personal Loans in Alabama
For borrowers with above average credit scores 36MonthLoans offers online personal loans, a balanced online personal loan that features high loan amounts, low interest rates, an online application process and a simple loan repayments process. Interest loans can go as low as 35% for borrowers with a perfect credit score but customers with an above average score also have a good chance of being approved. You can learn more about our personal loans by clicking on the Rates and Terms page or you can apply for a loan by clicking on the button below.
Alabama - Rates & Terms
$1,000 - $25,000
Interest Rate / APR:
Variable (more details
12 months - 36 months
If you meet the requirements and qualify for one of our personal loans we will provide you with a financial solution tailored to your needs, based on your financial eligibility. Once approved for a loan you will be provided the full details of the offer including: interest rate, repayment term, payment amount and the total cost of the loan.
Credit Scores in Alabama:
The average statewide credit score for the State of Alabama was 676 in 2011, 11 points lower as compared to the average credit score of the United States of America which was 687 at that time. These were the statistics discovered after the 2011 research made by Experian by analysing more than three million credit profiles with scores ranging from 330 to 830.
More about Installment Loans in Alabama
Alabama, also known as the Cotton State of simply Heart of Dixie is a southeastern state that ranks 30th by area and 23rd by population size. The state of Alabama like most of the southern states has been in a tough economic position since the American Civil War and because of this it is still very dependent on agriculture to support its economy.
While agriculture was the prime driving force of Alabama's revenue it has started to invest in many other industries such as aerospace technology, education, banking, healthcare, automobile manufacturing, steel production and mineral extraction. While Alabama is known as the Cotton State it only ranks between 8th and 10th in cotton production as compared to other U.S. states.
Some of the most lucrative industries in Alabama include the production of iron and steel products, lumber and paper products, mining, plastic product manufacturing but also automobile production, cars and trucks. Alabama also produces aerospace parts near the Huntsville area, near NASA's George C. Marshall Space Flight Center. Most of the Alabamian economic growth has occurred since the 1990's when the state has started investing in automotive manufacturing. Tourism is also an important part of Alabama's economy with an estimated 20 million annual tourists that visit the state.
While the State of Alabama is a growing state there still are many situations where it's residents require financial assistance. 36MonthLoans provides personal loans in Alabama in the hopes of covering some of this need for financing with a flexible online loan repayable in easy monthly or bi-weekly installments.
State of Alabama Economic Indicators:
- Income per capita: $33,945; 
- Average weekly wage: $794 (3rd quarter 2013); 
- Average household income: $41,415 (end of 2011); 
- State expenditures ($ in millions): 20,849; 
- Unemployment rate: 7.2% (in March 2013)