Possible Loan is available in Alabama
Possible Loan is available in Alabama
Possible Finance offers small-dollar installment loans in Alabama, with a maximum loan amount of up to $500^. Applying takes minutes with the Possible app and does not require a FICO score check. Connect your bank account and Possible reviews your income and cash flow to approve you for a loan. Funds typically arrive in minutes. Repayment is typically split into installments, unlike traditional lump-sum payday loans.
Source: CFPB
Find out more about the Possible Loan
Availability
Possible Loans are available in Alabama
Loan Amount
Loans range from $50-$500. The average first loan is $192 (Source: internal data, December 2025)
Cost
$20 for every $100 you borrow. Get an estimate in the app.
Repayment Term
Typically repaid in 4 installments over 8 weeks. See Sample Payment Schedules.
Flexibility
Each installment can be moved up to 29 days out from the originally scheduled due date.
Credit Impact
No FICO check to apply. Payments are reported to credit bureaus: TransUnion and Experian.
A loan that’s built for your finances
No FICO check
Your income, cash flow and money habits count towards the results of your application and are part of how we make lending decisions.
Know when to apply
Link your bank account and we'll let you know the best time to submit your application.
Take the time you need to pay off your loan
You can Pay Over Time in installments, and move payments up to 29 days out from the original due date—there’s no rescheduling fee. This benefit is available to all members, no matter what.
Never pay late fees. Zero penalty fees. No surprises. Ever.
Build credit history Unlike payday loans, your payments are reported to credit bureaus.
Get real-time alerts Know instantly when you’re approved, get reminders when payment dates are coming up and more.
Get the most money Possible Even if you don’t qualify for the full amount you request, we’ll get you the highest amount we can.
Add extra payment methods Pay with your Chime card, extra debit card, Grandma’s Visa gift card—the choice is yours.
Ready to get started?!
Enter your info in the app to see if you qualify.
Join over a million customers
Testimonials
Gloria
- “I really appreciate just how easy they make it. I feel a lot freer to not only do what I want, but also take care of my needs.”
- Member Since 2021
Keianna
- “Unexpected expenses can hit. It can turn into a spiral. That's just a part of being a mom. That's when Possible helps the most.”
- Member Since 2023
Austen
- “What drew me to Possible was how upfront and easy it was. There was no mystery as to what the interest rates were.”
- Member Since 2019
Gena
- “Credit is a journey. I'm learning about it to be financially fit. I would describe Possible as a great tool to help in a need.”
- Member Since 2022
Frequently asked questions
What is a Possible Loan?
A Possible Loan is a small-dollar installment loan designed to provide quick access to cash while helping build credit history. Unlike payday loans, which often require lump-sum repayment, Possible Loans are repaid in four scheduled installments. Eligibility is based on your banking activity rather than a FICO check.
Is Possible Loan available in Alabama?
Yes, Possible Loans are available in Alabama, subject to eligibility and applicable state regulations.
How much does a Possible Loan cost in Alabama?
In Alabama, the fee for a Possible Loan is typically $20 per $100 borrowed, subject to applicable laws.
What are some alternatives in Alabama?
Alabama residents may consider small-dollar loans from credit unions or local emergency assistance, housing, food and utility support.
What are the eligibility requirements?
Eligibility generally includes being at least 18 (or the age of majority in your state) and having a qualifying, active bank account.
Will applying for a Possible Loan impact my credit?
Applying for a Possible Loan does not involve a FICO check, and there is no hard inquiry on your FICO score.
How long does it take to apply and get a decision?
The application is completed in the Possible app and usually takes only a few minutes.
When will I get the money?
If approved, most customers who choose debit card disbursement receive funds within minutes.
All products are subject to eligibility and approval by Possible Financial Inc.
For Loans, Possible Finance has direct lending licenses in various states. Funding typically occurs within seconds; ACH transfers take 1-2 business days.