Loans Canada Services Are 100% Free. Disclaimer

Loans Alberta 2020

Compare the best lenders in this region:
ProviderRating
North’n Loans -
MDG -
Loans Express -
Loan or Credit -
Flexiti Financial -
FinanceIT -
Diamond Financial Services -
Climb 5 / 5
Pylo Finance 4 / 5
Fresh Start Finance 4 / 5
Marble Finance 5 / 5
Money Mart 4 / 5
Private Loan Shop 5 / 5
Progressa 3 / 5
My Canada Payday 5 / 5
Mr. Payday 4 / 5
Money Provider 5 / 5
Loan Express 3 / 5
Loan Away 4 / 5
Lendful 3 / 5
LendDirect 5 / 5
Health Smart Financial Services -
GoDay 4 / 5
iCash 5 / 5
Focus Financial Inc. 2 / 5
FlexFi 5 / 5
Eastern Loans 5 / 5
DMO Credit 5 / 5
Credit 700 2 / 5
Credit2Go 3 / 5
Ledn 5 / 5
ATB Financial 5 / 5
Amber Financial 5 / 5
Affirm Financial 5 / 5
310 Loan 2 / 5
Ferratum 5 / 5
SkyCap Financial 4 / 5
Fast Access Finance 5 / 5
Fairstone 3 / 5
Consumer Capital Canada 4 / 5
Lamina 3 / 5
Loans SOS -
CashCo 5 / 5
UrLoan 5 / 5
Loan Me Now 4 / 5
Captain Cash 4 / 5
BC Loans 4 / 5
Urgent Loans 4 / 5
easyfinancial 3 / 5
Mogo Finance 4 / 5
Cash Money 5 / 5
Borrowell 5 / 5
Magical Credit 5 / 5
Speedy Cash 5 / 5
ProviderRating
Onesta -
Lionhart Capital -
Lift Capital -
Leaseline -
Lease Direct -
John Deere -
Hitachi Capital Canada -
Guardian Leasing -
4 / 5
Essex Lease Financial Corporation -
Equilease -
Alliance Financing Group LTD -
CanaCap -
CLE Capital -
Canada Equipment Loan -
SharpShooter Funding 5 / 5
First West Credit Union 5 / 5
ATB Financial 5 / 5
Meridian Credit Union 3 / 5
Laurentian Bank of Canada 5 / 5
HSBC Bank Canada 5 / 5
National Bank 5 / 5
Canadian Imperial Bank of Commerce (CIBC) 5 / 5
Scotiabank 3 / 5
Bank of Montreal (BMO) 3 / 5
Royal Bank of Canada (RBC) 5 / 5
CWB National Leasing 5 / 5
Money in Motion 5 / 5
Lease Link 5 / 5
FundThrough 5 / 5
Econolease Financial Services Inc. 5 / 5
Easylease Corp 5 / 5
Dynamic Capital 5 / 5
Capify 5 / 5
Canadian Equipment Finance 5 / 5
Capital Key 5 / 5
Cashbloom 5 / 5
BFS Captial 5 / 5
BDC 2 / 5
Baron Finance 5 / 5
B2B Bank 5 / 5
AOne Financial Solutions 5 / 5
Borrowell 5 / 5
iCapital 5 / 5
Lendified -
IOU Financial 5 / 5
Company Capital 5 / 5
OnDeck 5 / 5
Lending Loop 5 / 5
Thinking Capital 5 / 5
ProviderRating
National Powersports Financing -
LMG Finance -
Loans2Go -
iA Auto Finance -
Gamache Group -
Daimler Truck Financial -
DealerPlan Financial -
Coast Capital -
Canada Auto Finance -
Credit River Capital Inc -
Capital Trust Financial -
Canadian Truck Loan -
Canada Car Loans -
Calmont Leasing -
Car Loans Canada 5 / 5
Car Creditex -
Auto Capital Canada 5 / 5
Carfinco 5 / 5
Canada Drives 5 / 5
Prefera Finance 5 / 5
Approve Canada 5 / 5
2nd Chance Automotive 5 / 5
SkyCap Financial 4 / 5
Splash Auto Finance by Rifco 5 / 5
Carloans411 5 / 5
AutoArriba 5 / 5
ProviderRating
Instant Loans Canada -
Fast Access Finance 5 / 5
BHM Financial 5 / 5
ProviderRating
Mortgage Architects -
Keystone Finance Solutions -
IntelliMortgage -
Invis -
Equitable Bank -
Dominion Lending Center -
Fisgard Asset Management -
First National -
CMLS Financials -
CHIP Reverse Mortgage -
CanWise -
Centum 5 / 5
Broker Financial Group Inc. 5 / 5
Bridgewater Bank 5 / 5
Alpine Credits 5 / 5
ProviderRating
BDO 5 / 5
MNP 5 / 5
Full Circle Debt Solutions Inc 5 / 5
Consolidated Credit 5 / 5
4Pillars 5 / 5

Resting on the eastern side of the Rocky Mountains is Canada’s fourth most populated province, Alberta. Officially separated from the Northwest Territories and given provincial status in 1905, Alberta is home to just over 4 million residents and is the largest of the three prairie provinces (Saskatchewan and Manitoba being the others). Edmonton, the capital of Alberta is located just south of the Athabasca oil sands, Canada’s main supplier of crude oil. Alberta is also home to many tourist locations, such as Banff and Jasper, which are perfect landscapes for skiing, hiking, camping and spotting local wildlife like bighorn sheep, moose, and black bears.

Do you have bad credit and need a loan in Alberta? Look here

Loan Tips 

If you currently live in Alberta and are looking to apply for a loan, we have a few tips that you should follow:

  • The more favorable credit score you have, the better. Always make sure to improve your credit score as much as possible before applying for a loan
  • If you haven’t had any luck getting approved yet, it’s a good idea to have a trusted friend or family member co-sign the loan with you
  • Make sure to check your debt-to-income ratio on a regular basis.
  • If you’ve been declined by a bank, don’t give up, there are plenty of other lenders out there
  • A loan is a great financial tool that can be used to improve your credit score
  • Make sure to ask your lender all the questions you need to be answered. What are your payment options? What’s your interest rate? What about prepayment? Can I make extra payments, or will I be penalized?

Wondering how lenders set their interest rates? Check this out

Loans For All Your Needs  

Regardless of the type of loan you need or the financial situation, you’re currently a client of, there is an option for you. Below, we’ve included some of the most common examples of loans that people use to finance their lives, needs, and goals.

  • Debt consolidation loans
  • Business loans
  • Personal loans
  • Emergency loans
  • Home renovation loans
  • Medical loans
  • Wedding loans
  • Student loans
  • Tax debt loans
  • Car loans
  • Bridge loans
  • Vacation loan
  • Home or vehicle repair loans

The True Cost of BorrowingCheck out this infographic for everything you need to know about the true cost of borrowing.

Increasing Your Chances of Getting Approved

While the application process for getting a loan may look like a long and troublesome task, it doesn’t have to be. Actually, there are a number of things you can do to gain a better chance of securing the loan you desire, such as:

  • Get a credit check before applying to ensure your credit is in good standing
  • Make sure that any other outstanding debts you might have, are paid off in full
  • Make sure you choose the right lender to suit your needs
  • Before applying, do as much research as possible and review all your options
  • Make sure all your relevant personal and banking information is up to date
  • There are many different lenders out there. Before choosing one, be sure to look into all the best-rated organizations and determine which is right for you. Remember, banks are not the only lenders in town

Comparing lenders in Canada? Read this

Protecting Your Personal Information

In this day and age, it can be very easy for a thief to gain access to your personal and banking information. With elements such as your name, home address, and Social Security Number, they can ruin your finances (and your credit) by taking out loans and applying for credit products using your identity. That’s why it’s always best to make sure you’re taking the proper precautions and steps to have all your information protected. Watch out, because an identity thief can strike when you’re least expecting it. If you’re not paying attention or are being irresponsible with your information, you could end up having to deal with months, if not years of financial problems.

If you need more information on how to protect your identity or have, unfortunately, become a victim of identity theft, please seek the assistance of Service Alberta.

Service Alberta, Consumer Contact Centre

3rd Floor Commerce Place

10155-102 Street

Edmonton, Alberta T5J 4G8

Telephone: 780-427-4088

Toll-Free: 1-877-427-4088

Email: service.alberta@gov.ab.ca

Website: www.servicealberta.ca

Dealing With Fraud

Just like in every province in Canada, Alberta sees its fair share of fraud cases each year. Fraud is always a terrible crime, one that can take months, if not years to deal with. It can cause financial devastation to anyone and everyone, regardless of who they are or what their income is. Because of this, it is extremely important to be responsible with your personal and financial information. Be wary of anyone suspicious who asks for your information, especially over the phone or on the internet. Scammers and thieves have come up with some creative ways to steal your identity using modern technology, so think before you act.

On top of the financial problems that an identity thief can cause you, falling victim to fraud can also prevent you from getting approved for loans that you might be in need of some day. There are many different forms of fraud as well. Some of the more common types are listed below:

  • Credit Card Fraud
  • Identity Theft
  • Debit Card Fraud
  • Credit Fraud
  • Loan Fraud

Don’t worry, there are some simple ways to avoid fraud:

  • At least once a year, check your credit through one or both of Canada’s two main credit reporting agencies, TransUnion or Equifax
  • Try to maintain a responsible and manageable number of credit accounts
  • Do not carry your Social Insurance card or passport with you unless you absolutely need to. If you do, never leave them unattended
  • If you move, inform both your bank and your creditors of your new address (identity thieves can seize your mail and use it to steal your identity)
  • Do not give anyone, even family members access to your bank account
  • When using an ATM at your bank or in a public space, always ask for a receipt and take it with you (do not leave it in the trash for someone to find)
  • If an offer sounds too good to be true, it probably is. Don’t fall for anyone trying to sell you a product over the phone or the internet, especially if they want your SIN or your credit card number
  • Be wary of your surroundings. When you’re at an ATM or using a debit/credit card machine, make sure no one is looking over your shoulder. Also, use a PIN that isn’t easy for a fraudster to figure out (don’t use your birth date, etc.)

Get The Loan You Want!

Remember, we’re always here to help you get the financing you want. Look no further, because Loans Canada has the solution!

FAQs

Can you get a loan with bad credit?

  • Yes, Canadians with bad credit can still qualify for a loan. Unsecured bad credit loans may be paired with higher interest rates, but consumers can still opt for a secured loan such as a car title loan to gain access to lower rates.

Will applying for a loan hurt my credit score?

  • If the lender performs a hard pull of your credit, yes your credit score will go down a few points. But it will recover over time. The most important thing is to make sure you don’t have too many hard pulls within a short period of time.

Can I pay off my loan early?

  • Yes, some lenders will allow you to settle your account early. Just keep in mind that you may be charged a prepayment penalty, which is typically a percentage of your remaining loan balance. Before you sign a loan contract make sure you understand the terms of your loan.

What is the difference between a secured and an unsecured loan?

  • A secured loan is backed by some form of collateral, typically an asset like a vehicle or piece of property. If a borrower defaults on a secured loan, the asset could be seized. An unsecured loan does not require collateral. The heightened risk of an unsecured loan may result in a higher interest rate, although this is usually a function of the applicant’s credit history.

How to tell if a lender is legitimate?

  • Choosing a legitimate lender can seem like a daunting task, but there are a few key factors to watch out for. For example, a legitimate lender will never ask for any form of upfront payment and should have many independent reviews you can look at online.

Can I transfer my loan to someone else?

  • Certain loans, for example, a car loan, can be transferred to someone else. But, a personal loan cannot be transferred.

How useful was this post?

Click on a star to rate it!

Posted by
Bryan completed the Cinema, Video, and Communications program in Dawson College and holds a Bachelor’s Degree in English Literature & Creative Writing from Concordia University. Bryan covers a wide range of topics for Loans Canada, including credit improvement, debt management, and all things related to personal finance. In his spare time, he maintains a passion for editing, writing film and television screenplays, staying fit, and traveling the world in search of the coolest sights our plan...

Services In This Region
From the blog...
What is a Cash Advance?
Posted on January 3, 2020

What is a Cash Advance?

Whether you're looking for quick access to cash or need to cover an unexpected expense, a cash advance can help. We have all the information you need.

Make Sure You Understand These Financial Terms Before Getting a Loan
Posted on November 19, 2019

Make Sure You Understand These Financial Terms Before Getting a Loan

Taking on a loan is a serious financial decision, make sure you understand these terms first as they will help make the process as smooth as possible.

Can I Pay Off My Loan Early?
Posted on October 31, 2019

Can I Pay Off My Loan Early?

Thinking about paying off a loan early to save on interest or to get rid of any debt you have? Loans Canada has all the information and advice you nee... Read More

Related Videos
How To Identify A Loan Scam
How Your Credit Score is Calculated
The Ins & Outs of Debt Consolidation
Note:

All consultations and conversations with Loans Canada and its partners are confidential and risk-free. Speak with a trusted specialist today and see how we can help you achieve your financial goals faster.

Loans Canada and its partners will never ask you for an upfront deposit, upfront fees or upfront insurance payments on a loan. To protect yourself, read more on this topic by visiting our page on loan scams.