- Any credit accepted
- Rates from 6.99%
- Doesn't affect your credit
- Loans up to $50,000
- Re-establish your credit
- Apply once, get multiple options
If you’re looking to get a personal loan in Calgary, Alberta there are steps you can to help you get a loan.
Instant bank verification services are frequently utilized by online lenders in Calgary to quickly validate the identification and income of individuals applying for personal loans. Ensuring that applicants have sufficient funds for repayment and an active bank account is an important part of the loan application process.
Bank verification is safe and simply allows the lender to get a temporary copy of the applicant’s bank statement. Some of the bigger service providers are as follows:
Your personal loan approval chances and interest rate will depend on various elements, like your lender’s policies and your credit score. Here are some factors that can help improve your chances of approval:
Yes, it’s possible to get a loan while receiving EI benefits. Although lenders typically prefer applicants to have a stable job and an adequate income, certain lenders may approve alternative sources of income such as EI, disability, Canada Child Benefit (CCB) payments, and other nontraditional income sources.
However, it’s important to note that the interest rate will be considerably higher if you’re presently getting EI. This is because collecting EI instead of earning a traditional income increases the risk for the lender.
Numerous staffing agencies in Calgary are available to assist unemployed Canadians in getting a job. These firms operate by connecting individuals seeking employment with companies in need of filling job positions.
Here are a few job agencies in Calgary to help you get a leg up on your quest for a new job:
The Calgary branch of Robert Half is highly experienced in the local job market and can quickly pair job seekers with employers in the city looking to fill job roles based on skills. The job board at Robert Half includes both remote and on-site jobs to suit every worker’s needs. The team of local specialists is always working diligently to connect top employers with talented temporary or full-time candidates.
Some of the features of Robert Half include the following:
Adecco recruits job seekers to fill temporary and permanent roles in the sales, professional, administrative, transportation, manufacturing, and warehousing job markets. The team of recruiters prepares future employees by assisting with resume writing, interview preparation, and becoming meaningful employees.
Adecco offers the following services:
Prime Staffing offers part-time and full-time roles for all types of shifts. The company’s online job board is filled with open positions in a variety of labour markets, including those with full benefits. The team at Prime Staffing takes the time to understand each applicant’s skills and objectives to ensure the most suitable match with employers.
Services at Prime Staffing include the following:
If you’re looking for employment services offered or funded by the government, you can use 211 to help you find ones in your area. You can also find specialized employment services and non-profits in Calargy to help you get a job.
Max Interest Rate | While Alberta doesn’t have any regulations on the interest a lender can charge, there are federal regulations. All lenders must respect the federal Criminal Code interest rate limit of 60% (APY), which is equivalent to 47% (APR). |
Fee Caps | While there are no provincial caps on fee charges, there are federal rules. The total fees, cost and interest of a high-cost personal loan cannot be more than the criminal interest rate of 47% APR. |
Licensing Requirements | All high-cost credit lenders in Alberta must be licensed. |
Debt Collection Rules | High-cost lenders in Alberta cannot do the following when trying to collect outstanding debts: - Threaten or harass borrowers - Call third parties regarding borrowers - Call borrowers between 10 pm and 7 am |
Financial Resource | Link |
Alberta Family Support For Children With Disabilities (FSCD) Program | Learn More |
Alberta Aids To Daily Living (AADL) | Learn More |
Alberta Seniors Benefit | Learn More |
Assured Income For The Severely Handicapped (AISH) | Learn More |
Alberta Child And Family Benefit (ACFB) | Learn More |
Social Assistance In Alberta | Learn More |
In addition to job agencies in Calgary to help people find employment, several other services are available that can provide some financial assistance:
The Calgary Housing Company offers a rent supplement to residents of Calgary who need help covering the cost of housing. The program includes a long-term rent assistance benefit for those in need, as well as a temporary rent assistance benefit for employed Calgary residents and job seekers. If you’re a renter in Alberta or thinking about becoming one, make sure you familiarize yourself with the Landlord and Tenant Act.
The Mustard Seed is a shelter in Calgary that provides a safe place for the homeless and those facing eviction. The goal is to prevent homelessness and provide those who are on the street with a secure place to rest. At the same time, the centre helps individuals make transformative changes in their lives so they can become independent and healthy members of society.
Those who are unable to keep up with the cost of groceries can access the Calgary Food Bank. It serves as an emergency food bank and go-to centre for food support and relies solely on the help of the surrounding community.
Every year, the AUC launches its Winter Utility Reconnection Program to help customers in Calgary avoid being disconnected from their utilities during the colder months of the year. The program connects individuals experiencing financial difficulties with organizations to receive aid to ensure their electricity stays on and their homes are heated.
This program helps lower-income residents of Calgary with mobility issues to make the necessary changes to their homes and make them more accessible. Those who qualify for the program can get up to $7,500 in one year or up to $15,000 in a 10-year period to put towards modifying their homes.
Businesses in Calgary have rules to follow when it comes to how they treat consumers. The provincial Consumer Protection Act lists specific regulations that businesses must comply with, which are put in place to protect customers and guarantee that all business dealings are conducted fairly.
If you feel that your consumer rights are being infringed upon, you can reach out to a representative from the Alberta Consumer Contact Centre at 1-877-427-4088 to file a complaint or report any nefarious business practices anonymously. You can also speak with a representative to get familiar with your rights and obligations in Calgary’s marketplace.
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