Alabama Terms & Rates

There’s a lot to celebrate when it comes to Alabama. The “Rocket City” of Huntsville boasts the wonders of space exploration while the state’s largest city, Birmingham, is a national leader in green spaces and was pivotal in America’s Civil Rights Movement. Auburn is a college town like no other and Gulf Shores and Orange Beach offer majestic sunset beach views and fun-in-the-sun swimming in the Gulf of Mexico. Now that Leap Credit is available in your state there’s even more reason to love Alabama!

Installment loans in Alabama are available from Leap Credit in amounts from $2,000 to $3,500 based on your qualification. These loans are paid in regular payments over eight months based on your selection of terms in either weekly, bi-weekly, or monthly payments with finance fees calculated daily. Refinances result in more finance charges paid over the life of the loan. Early loan repayment reduces overall finance fees. Late payments accrue additional finance fees and charges.

LOAN AMOUNT:

$2,000 – $3,500

LOAN TERM:

8 months

PRE-PAYMENT AVAILABLE:

Yes

APR RANGE:

667% – 795%

LATE FEES:

Greater of $10 or 5% of the missed payment amount if not paid in full within 10 days.

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As of May 13^th, 2020, Leap Credit became a licensed lender in the State of Alabama.

Leap Credit is a state-licensed direct lender for short-term installment loans in Alabama. Leap Credit follows all applicable laws in Alabama. Click below to view our Alabama license.

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Frequently Asked Questions

An installment loan is a convenient way to borrow money and pay it back over several payments. Your payment amount will be an equal amount with the potential exception of the first and last payments.

You must be a legal resident of Alabama.

To begin your application, you will need your Social Security Number (SSN), permanent address, driver’s license, employment information and banking information.

No, this is not a payday loan. A payday loan is a short-term loan where you are typically required to pay back the loan in full on your next payday. Leap Credit offers short-term installment loans. With an installment loan, you pay back the loan in installments over time until it is paid off.

You can pay off your Leap Credit loan at any time without any prepayment fees.

Please review the full terms and conditions and privacy policy for more information. Annual percentage rates (APRs) may vary based on loan term. Please see your loan agreement for the APR and other terms applicable to your loan.

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