Alpine Credits Reviews, Ratings And Fees January 2022

Based on 5
Customer Reviews
310-10524 King George Blvd
Surrey, British Columbia
V3T 2X2
  • Monday to Friday (9am - 6pm EST)

Who Is Alpine Credits

After being in business for 50 years, Alpine Credits has plenty of experience in lending, home equity products, and debt consolidation solutions. They offer a ton of different loan types and other financing options. With their speedy approval times and short waiting periods, this alternative to the banks is a solid ally for any Canadian homeowner or borrower to have on their side.   

How to Qualify With Alpine Credits

As mentioned, the main product that Alpine Credits offers is the home equity loan.  Depending on how much equity you have and how much money you want to borrow, your loan could add up to a sizable sum. Therefore, the approval process can be a bit more complicated and more strict than with the average personal loan or credit card. 

General Approval Requirements 

  • Be a permanent Canadian citizen and homeowner
  • Be a resident of British Columbia, Alberta, or Ontario
  • Be of age in British Columbia, Alberta, or Ontario
  • Have at least 20% equity in your home or other real estate property
  • Have a decent credit score and solid payment history on your credit report
  • Have a good income and a healthy amount of savings
  • Have as little outstanding debt as possible (mortgage or otherwise)

Overall, the conditions of your home equity loan will hinge on your ability to keep up with your future payments. The stronger your finances are and the more equity you have, the easier it will be to get approved for a large loan with an adjustable repayment term and a low-interest rate.  

How to Handle the Alpine Credits Application Process

Fortunately, unlike banks and credit unions, Alpine Credits seems to be less restrictive with their potential borrowers. The requirements above are just some of the standard qualifications you’ll often need when applying for a home equity loan. For instance, although it might help you earn a better interest rate, a strong credit score isn’t as important for approval as it would be with other mortgage-based lenders.   

Nevertheless, you may be asked to fill out various personal and financial information when you apply with Alpine Credits, including but not limited to your:

  • Full Name
  • Email Address
  • Phone Number
  • Property Value
  • Existing Mortgage Value
  • Requested Loan Amount
  • Address, Province & Postal Code

While the application process can be completed online within a few minutes, you can also call Alpine Credits at 1-800-587-2161 to speak with a customer representative. If you qualify, you should be notified in as little as 24-hours and receive the funds via direct deposit.     

Features of a Home Equity Loan From Alpine Credits

Remember, whether or not you’re approved for financing will depend greatly upon the amount of equity you have in your home. The more real estate value your property has and the more of your primary mortgage you pay down, the more home equity you have.

When you apply with Alpine Credits, your home equity will act as loan security, otherwise known as collateral, to protect the lender if you default on your payment plan. If you already have an existing mortgage on your property, the home equity loan will become your “second” mortgage, as it’s commonly known. Because of the collateral involved, the loan will then be “secured”, which can allow for better conditions.  

Other features you may discover with a home equity loan from Alpine Credits:

  • The ability to use your loan funds for whatever expenses you want 
  • Adjustable interest rates and repayment terms
  • The chance to secure more credit than with an unsecured loan or credit card

Costs to Consider With a Home Equity Loan From Alpine Credits

Every loan product is different. This is particularly true for home equity loans, where there are a few extra factors involved, such as the value of your property and the size of your mortgage. The associated costs could go up and down depending on a number of factors. 

If you apply for a home equity loan with Alpine Credits, here are some of the basic costs that you may encounter and must factor into your home budget:

  • Principal – Perhaps the largest cost you’ll encounter is your monthly loan payments. Although they can be adjusted to suit your finances, you may have trouble covering them if you already have one mortgage on your property. 
  • Interest – The interest rate that Alpine Credits charges is your cost of borrowing. The interest rate you will be offered typically depends on your financial situation, credit health, etc.
  • Fees – The fees you end up paying can also vary depending on the overall conditions of your home equity loan. At Alpine Credits, you may be charged for things like loan origination, home inspection, and late or missing payments. 

What Are the Pros and Cons of Alpine Credits?

Remember, every lender and loan product has its upsides and downsides. It’s important to weigh these benefits and drawbacks, as they can have a drastic positive or negative impact on your finances. While Alpine Credits has been around for over 50 years, it’s still a good idea to look at the pros and cons of their institution: 


  • Credit is not as important for loan approval (available equity is more essential) 
  • Adjustable interest rates and repayment plans are offered
  • Approval and funding times are relatively quick 
  • Large loan amounts can be secured and used for almost any expense
  • A long-standing company with an A+ rating from the Better Business Bureau


  • Not enough information about loan costs, terms, or rates displayed on website
  • Services are only available in 3 provinces (BC, AB, ON)
  • High-interest rates and loan fees could be included
  • Two sets of mortgage-based payments can be tough on your finances 

Alpine Credits - Frequently Asked Questions

What is home equity and how is it accumulated?

Simply put, your home equity is the total real estate value of your home, minus the balance that remains on your primary mortgage (if any). You can also accumulate equity by adding value to your home through additions, renovations, or other improvements. Your total equity may even rise if your neighbourhood becomes a more desirable place to live. Here’s a basic example of how to calculate your home equity:
  • Let’s say you have a home with a $500,000 mortgage
  • You’ve managed to pay down $250,000
  • $500,000 – $250,000 = $250,000 or 50% equity (plus added real estate value) 
In Canada, you can normally apply for a home equity loan when you have 20% equity or more. Most mortgage lenders allow you to borrow up to 80% of your available equity. Be sure to ask Alpine Credits about their borrowing policies before you apply with them. 

What expenses can I pay for with a home equity loan?

A home equity loan will typically be deposited into your account as a lump sum of cash. You would then repay the borrowed amount through divided installments over multiple years, plus interest and fees. During that time, you’re free to spend the money on whatever you want. That said, a home equity loan is a serious financial commitment. As such, it’s best if you only use the money for expenses that are truly important, including but not restricted to:
  • Consolidating interest debt (credit cards, car payments, etc.) 
  • Doing general home maintenance and/or essential repairs
  • Making additions and/or renovations to the property
  • Financing educational expenses (books, tuition, etc.)
  • Covering your expenses during financial emergencies (medical issues, unemployment, etc.) 


Offered Services

scroll table
Loan Range
Rate & Terms
Product Details
Requirements & Documents

Home Equity Loan

Interest Rate
Term (Months)
Funding Time
Within one week
Funding Method
Direct deposit
Repayment Options
Direct debit

Reviews & Ratings

See what others have to say about Alpine Credits

I want to thank Alvir Alipio and his team for excellent customer service. He was very helpful and courteous and with his help had my money before the ... read more

- Paula Seed (December 21, 2021)

I would HIGHLY recommend Alpine to anyone. The process was so quick, efficient and painless, and everyone I dealt with was absolutely wonderful. I sti... read more

- Deidre (December 16, 2021)

I would highly recommend Alpine Credits, great experience from start to finish.

- L. Galati (October 4, 2021)

Alpine Credits were very easy to work with, gave options to choose from. Alvir, the rep I dealt with was excellent, Alpine Credits is one of the best ... read more

- P. Larche (August 20, 2021)

Alpine Credits helped me use my house to access some money when I was going through a hard time, they were patient and easy to work with.

- Iman (June 11, 2019)


Find Other Lenders In This Region


Loans Canada

Up to $50,000
2.00% to 46.96%
3-60 months


$1,000 - $15,000
29.9% - 46.9% APR
12 - 60 months

Symple Loans

$5,000 - $50,000
5.75% - 22.99%
Up to 84 Months

Spring Financial

Up to $15,000
14.99% to 46.96%
6 - 12 Months


$1,000 - $25,000
7.5% - 31.5%
36 - 60 months


$5,000 - $35,000
Starting at 9.99%
6 - 60 Months


Up to $15,000
19.99% - 46.93%
No minimum term

Loan Away

Up to $5,000
19.9% to 45.9%
6 - 36 Months


$500 - $1000+
28 to 32%
3 Months

Consumer Capital Canada

$500 - $12,500
19.99% to 34.99%
No minimum term

Mogo Finance

$300 – $35,000
5.9% to 47.72%
3 - 60 Months


$2,000 – $10,000
12 to 60 Months

Fairstone Financial

Up to $50,000
19.99% - 39.99%
6 - 120 Months

Review Widget

Want to show off your rating on your website? Copy the code below to embed our review widget on your website.

Alpine Credits Reviews on Loans Canada
Best Personal Loan Provider by Greedy Rates

Confidential & risk-free

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 fee, deposit or insurance payments on a loan. Loans Canada is not a mortgage broker and does not arrange mortgage loans or any other type of financial service.

When you apply for a Loans Canada service, our website simply refers your request to qualified third party providers who can assist you with your search. Loans Canada may receive compensation from the offers shown on its website.

Only provide your information to trusted sources and be aware of online phishing scams and the risks associated with them, including identity theft and financial loss. Nothing on this website constitutes professional and/or financial advice.

Your data is protected and your connection is encrypted.

Loans Canada Services Are 100% Free. Disclaimer

Keep Track Of Your Credit Score

Subscribe with Credit Verify to monitor your credit rating and get your free credit score.