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 or lines of credit 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.

What you need to know

  • Your minimum payment will change, based on the principal (that’s the amount of money you’ve withdrawn from your line of credit).
  • You can only draw funds that remain unused in your line of credit. Available funds will fluctuate based on how much you’ve withdrawn and what you’ve repaid.
  • You don’t have to reapply to access funds that remain in your line of credit. Just pay off the amount you’ve withdrawn in full and then you can borrow more.
  • You will pay interest on the funds you've withdrawn, starting the first day you withdraw them.
  • If you make only the minimum payment on your line of credit, you will pay a greater amount of interest in the long run than if you repay your line of credit more quickly.
  • Ready to get started?