Our personal and home loans in Alabama make it easy to finance your dreams, whether moving somewhere new, renovating your current home, or buying a vehicle.
Our local bankers at Peoples Bank are happy to be a resource for you and do what they can to help you secure a personal or home loan. We’re ready to be your partner in this next exciting chapter!
Types of Loans Offered
You can choose from the following types of loans:
Unsecured Loans
These unsecured loans provide extra money for personal spending, whether you want to take a vacation, plan a wedding, consolidate debt, or make major purchases like appliances and furniture. Borrowers receive the loan in a lump sum and repay it in installments over a certain period.
CashPlease
By providing small-dollar loans of up to $1,000, CashPlease covers unexpected expenses without the stress of high fees and interest rates.
Additionally, the account is easy to manage. You can check eligibility online, and you'll receive the money within 24 hours.
See our CashPlease page for more information.
Micro Loans
Our Micro Loans range from $1,000 to $3,000 and are designed for individuals who only need a small loan amount. A Micro Loan is a great way to fund unexpected expenses like an emergency vehicle repair or other small purchases.
Credit Cards
Our customer-focused credit cards fit into your unique lifestyle, helping you manage daily purchases and unexpected expenses, all while earning rewards and building your credit score. You can go for the Secured, Signature, Platinum, Excursion or Cash Rewards credit card and enjoy features such as:
Contactless pay
No annual fee on most cards
Travel Accident Insurance
Links to the MyCard Mobile app
Zero liability with fraud monitoring
Convenient payments wherever Visa is accepted
Free Credit Score
See our credit card page for more information.
Auto, Motorcycle, Boat, and RV Loans
These flexible installment loans are designed to help you finance the purchase of a brand-new or previously owned vehicle, car, motorcycle, boat, or even a recreational vehicle (RV). Whether you are looking to make a new purchase or refinance your existing loan, Peoples Bank is committed to providing the assistance you need throughout the process, ensuring you find the best financing solution to suit your needs.
Home Equity Line of Credit
Tap into the value of your home with a Home Equity Line of Credit (HELOC), where your home serves as collateral. Borrowers use this line of credit for various purposes, such as remodeling to increase the value of their home, personal expenses, and more.
One major benefit of HELOCs is the flexibility of having a revolving line of credit that allows you to use the equity you've built in your home as needed. Remember, it is considered a second mortgage that must be paid in addition to your primary mortgage.
Contact a Local Banker Find a Branch
Home Loans
Fixed-Rate Loans
Peoples Bank of Alabama offers a variety of home loan options to help you achieve your homeownership dream. Whether you’re looking to purchase, refinance, or renovate, our Portfolio Mortgages offer flexible loan terms with options for first and second mortgages, construction loans, and home equity loans.
Additionally, our Secondary Market Mortgages are long-term home loans, up to 30 years, that we originate locally and then sell to trusted secondary investors. While the ownership of the loan may transfer, you still benefit from stable monthly payments, competitive fixed rates, and access to a broader range of financing options. These mortgages are ideal for borrowers who want predictable payments and the reassurance of a nationally supported loan program.
We also offer government-backed loans through the secondary market, including FHA, VA, and USDA loan programs. These options are designed to make homeownership more accessible by offering low or no down payment requirements, flexible credit guidelines, and reduced closing costs.
Personal Loans
Purpose: Unexpected expenses or consolidate debt
Features: Unsecured, lump sum disbursement
CashPlease*
Purpose: Small unexpected expenses
Features: Borrow up to $1,000, online application, funds in 24 hours, low fees
Micro Loan
Purpose: Every day and unexpected expenses
Features: Borrow between $1,000–$3,000, low fees
Credit Cards
Purpose: Daily purchases, unexpected expenses, credit-building
Features: Contactless pay, no annual fees for most cards, travel insurance, fraud monitoring, FICO® Score checker
Auto, Motorcycle, Boat, & RV Loans
Purpose: Financing or refinancing transportation purchases
Features: Vehicle serves as collateral
Home Equity Line of Credit
Purpose: Major purchases, renovations, debt consolidation
Features: Home serves as collateral, second mortgage must be paid in addition to primary mortgage
Home Loans
Purpose: Home purchases or refinancing
Features: serviced by the bank with an adjustable rate or balloon loan; Secondary Market Mortgages with up to 30-year term;
Whether you’re a first-time homebuyer, a veteran, or purchasing in a rural area, our team can help you explore these programs to find the right fit for you.
See our Alabama Mortgage Loans page for more information.
Ready to get started?
Contact a Mortgage ExpertBenefits of Choosing Peoples Bank of Alabama
If you're planning for the future or managing your day-to-day budget, we are here to help you achieve your financial goals. Here's why locals trust Peoples Bank of Alabama and why you should, too.
Local Expertise
Although we offer the same advanced features as the big guys, you're not just another account number to us. We see you as a person with needs, desires, and dreams even before you start to work with us.
Our local bankers get to know you and help you choose solutions that meet your needs at every stage of life.
Competitive Interest Rates
We’re committed to empowering local customers through a diverse range of loan products designed to meet the various borrowing needs of our community.
Whether you're looking for personal loans in Cullman or the best home loans in Birmingham, we offer manageable fees, competitive rates, and flexible terms for more convenient payments.
We’re here to listen, learn, and support you at every stage of your life, from homeownership and entrepreneurship to purchasing the vehicle you've always wanted.
Loan Application Process
We're available to finance your goals as quickly and efficiently as possible. Our loan application process varies depending on the loan type. To learn how to apply for the loan you’re interested in, visit the information page below or contact a local banker.
Loan Calculators & Tools
Our user-friendly loan calculators simplify financial decisions, allowing you to differentiate credit options, compare low rates with cash back, estimate your loan payment, and maximize credit balance transfers.
Frequently Asked Questions
We'll need information to determine creditworthiness, verify income, and, depending on the loan, collateral information. Examples of documents we may need include: Driver's License, pay stubs, tax returns, bill of sale, title, insurance information, etc. The actual documents needed are dependent on your specific situation. That's why our local bankers are there to help through the whole process.
Your interest payments depend on various factors, including your loan type, amount, and credit score.
Yes, personal loans finance various home improvement projects, including interior and exterior remodeling, structural repairs, and energy efficiency upgrades.
Depending on the type of loan, borrowers may expect fees such as: origination fees, processing fees, appraisal costs, and other closing costs if applicable.
HA Loans: These mortgages are overseen by the Department of Housing and Urban Development (HUD) and backed by the Federal Housing Administration (FHA). They help borrowers with lower down payments and low credit scores build, buy, and renovate their homes or refinance existing mortgages.
VA Loans: They're guaranteed by the Department of Veterans Affairs and issued by private lenders to veterans, surviving spouses, and service members. VA loans improve access to homeownership by lowering interest rates and eliminating down payment and private mortgage insurance requirements.
USDA Loans: United States Department of Agriculture (USDA) loans allow borrowers to own homes in eligible rural and suburban areas at lower interest rates without a down payment.
*Loans subject to eligibility restrictions. Must be 18 years of age and have an active Peoples Bank of Alabama personal checking account open for at least 120 days.