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Stock Loans

stock loans

Your stocks can secure a loan.

Use a stock you own to secure a loan.

ALEC offers you the ability to borrow money using the value of a stock you own that is listed on the New York Stock Exchange (NYSE). In addition, if you’re a sponsor employee with stock options, we can structure an ALEC stock loan by helping you exercise them. While you maintain ownership of the stock and any dividends from it, the stock serves as collateral for the loan.

With a stock secured loan, you can use the money for anything you want — including purchasing a vehicle, making improvements to your home, paying for college, or any other purpose.

ALEC Stock Loans feature:
  • A competitive rate – lower than those for most mortgage loans or other secured loans
  • Flexible terms up to 15 months prior to scheduled payment
  • Convenient repayment methods via transfers from ALEC Savings or Checking
  • 24/7 online access to account
  • Potential for a 0.50% loan discount off standard loan rates1

Stock Loan Rates

TypeLoan TermAPR* as low as 1
Stock Loans — Single PayUp to 15 months5.25%
Stock Loans — InstallmentUp to 60 months6.25%
* APR = Annual Percentage Rate. All loans subject to credit approval. Rates subject to credit history, term and other factors. Not all applicants will qualify for our lowest rates. Rates can change daily.
1 Disclosed rates include ALEC’s 0.50% APR discount. Returning loan members who have a current loan with ALEC and are applying for a new loan will automatically receive a 0.50% APR rate discount. New loan members who do not have any current loans with ALEC must have an ALEC Checking Account (Free or Rewards) with $500 in direct deposit per statement cycle AND be enrolled in E-Statements to be eligible for the 0.50% APR discount. Discount not valid on credit cards, mortgages, Personal Lines of Credit, Rapid Refi and Home Equity Line of Credit.