Personal loans in Saks, AL
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Saks, AL.
The median household in Saks earns $49,753 a year, 22% below the Alabama median of $63,999. About 20% of residents live below the federal poverty line, and 27.8% of households rent their home. 10.4% of households have no home internet; our form works on any phone.
Alabama law that applies in Saks
| Rate cap | Small loans under $1,500: up to 3% per month on the part of the balance up to $200 and 2% per month on the part above $200, plus an optional $3/month maintenance fee when monthly payments are at least $30. |
|---|---|
| License required | Yes. |
| Loan sizes covered | Small Loan Act: loans under $1,500. |
Full rules with statute citations: Personal Loans in Alabama. Cities in Alabama cannot set their own payday or title loan rate caps in most cases; zoning rules for storefronts are local.
What you need for a personal loan in Saks
Here's what to have on hand before you start your personal loan request in Saks:
- Be 18 or older and a US resident
- Your Social Security number for identity verification
- A steady source of income
- An active checking account in your name
- A working phone number and email address
Popular loan amounts in Saks
What Saks borrowers use it for
the fastest options online
Holiday expensesgifts and travel without maxing a card
Emergencieshandle the unexpected the same week
Moving costsdeposits, trucks and first-week expenses
Loans for your situation
How to get a personal loan in Saks
- Choose an amount from $100 to $5,000 and complete one form.
- Lenders in our network review your request; many accept fair or bad credit.
- Compare the APR, monthly payment and total cost on any offer.
- If you accept, money is usually deposited in 1–2 business days.
Estimate your cost
Personal / installment loan calculator
Estimate only. Your rate depends on your credit, income and state; your lender shows the exact terms before you sign.
Banks and credit unions in the area
Banks with branches in Calhoun County
32 FDIC-insured bank branches from 11 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| Regions Bank | 6 | 930 Wilmer Ave, Anniston 36201 |
| Farmers and Merchants Bank | 4 | 112 E Ladiga St, Piedmont 36272 |
| NobleBank & Trust | 4 | 1509 Quintard Ave, Anniston 36201 |
| Wells Fargo Bank, National Association | 3 | 1000 Quintard Ave, Anniston 36201 |
| Truist Bank | 3 | 1111 Quintard Ave, Anniston 36201 |
| Investar Bank, National Association | 3 | 1320 Highway Dr, Oxford 36203 |
| First Bank of Alabama | 3 | 815 Hamric Dr E, Oxford 36203 |
| PNC Bank, National Association | 2 | 720 Quintard Dr, Oxford 36203 |
| Woodforest National Bank | 2 | 92 Plaza Ln, Oxford 36203 |
| FirstBank | 1 | 615 Quintard Ave, Anniston 36201 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Calhoun County
19 credit-union locations from 9 credit unions.
| Credit union | Location |
|---|---|
| America'S First | 31 Commons Way, Oxford 36203 |
| Aod | 334 Victory Drive, Bynum 36253 |
| Southern Energy | 925 Quintard Ave, Anniston 36201 |
| Family Savings | 162 Industrial Dr, Oxford 36203 |
| Emblem | 230 Us Highway 431, Anniston 36206 |
| Fort Mcclellan | 1731 Noble St, Anniston 36201 |
| Alatrust | 1216 Wilmer Ave, Anniston 36201 |
| Northeast Alabama Postal | 200 S Quintard Ave, Anniston 36201 |
| Chem Family | 702 Clydesdale Ave, Anniston 36201 |
Source: NCUA credit union branch data, June 30, 2026.
Nearby cities
County: Calhoun County · Payday Loans in Saks · Title Loans in Saks
Frequently asked questions
Can I get a personal loan with bad credit in Saks?
Possibly. Lenders in our network consider applicants with fair and bad credit across Alabama, including Saks. Expect higher APRs than prime borrowers get, and compare every offer's total cost.
Is there a maximum interest rate on personal loans in Saks, AL?
Tiered caps. Loans under $1,500 (Small Loan Act): 3%/month on the first $200, 2%/month above that, or an alternative fee schedule. Loans under $2,000 (Consumer Credit Act): $15 per $100 per year on the first $750, $10 per $100 on the rest. Loans of $2,000 and up fall under a different statute.
How fast can I get a personal loan in Saks?
Many online lenders give a decision within minutes and deposit funds in one to two business days after you sign. Your bank's processing time can add a day.
What is an installment loan?
An installment loan is money you borrow and repay in fixed, scheduled payments, usually every two weeks or monthly, until it's paid off. Personal loans, auto loans and many short-term loans are installment loans. Because repayment is spread out, each payment is smaller than a lump sum. Lenders in our network offer installment loans from $100 to $5,000 to Saks borrowers who qualify.
How do installment loans work in Saks?
You apply, the lender reviews your income and credit profile, and if you're approved you receive a lump sum deposited into your bank account. You then repay it in equal scheduled payments over an agreed term, with interest built in. Your agreement shows each payment amount and date before you sign. Saks residents can see installment loan offers with our free 3-minute form.
Are personal loans bad for your credit?
Not necessarily. Checking offers often uses a soft inquiry that doesn't affect your score, though a lender may do a hard pull before final approval. Once you have the loan, on-time payments can help build your credit history, especially with lenders that report to the major bureaus, while missed payments can lower your score. Saks residents can see their options in about 3 minutes.
What credit score do I need for a personal loan?
There's no single minimum. Some lenders want good credit, but many lenders in our network consider fair, poor and limited credit and weigh your income and job history too. A higher score may get you better rates and larger amounts, while lower scores may still qualify for smaller loans. Find out what's available to you in Saks with our free 3-minute form.
How can I get an emergency loan in Saks?
Unexpected bills happen, and an online emergency loan can help you handle them quickly. Fill out our 3-minute form with your income and bank details, and lenders in our network will review your request. Many make decisions within minutes, and approved funds are often deposited by the next business day. Amounts range from $100 to $5,000, and you're never obligated to accept an offer.
Do I need to visit a store in Saks?
No. You can request offers online from a phone or computer. Some lenders, especially title lenders, may ask you to visit a location or send photos of your vehicle.