Best Loans Alberta - Loans Canada

		Loan Amount	Rate	Term (Months)	Rating
0	0	Up to $50,000	2.00% – 46.96%	3-60 months	N/A (Referrer) Up to $50,000
11	1670889600	$1,000 - $10,000	46.9%	-	$1,000 - $10,000
100	1666051200	$20 - $100	0%	-	$20 - $100
100	1643932800	$500 - $15,000	+18.9% APR	6 - 60	$500 - $15,000
11	1639094400	$1,000 - $15,000	29.9% - 46.9% APR	12 - 60	$1,000 - $15,000
7	1637280000	$5,000 - $50,000	5.75% - 22.99%	Up to 84	$5,000 - $50,000
100	1623369600	Varies	0%	6 or 8 weeks	Varies
7	1620777600	Up to $35,000	9.99% - 46.96%	6 - 60	Up to $35,000
17	1607558400	$500 - $50,000	6.99% - 46.99%	12 - 36	$500 - $50,000
100	1598918400	$1,000 - $15,000	-	-	$1,000 - $15,000
100	1598832000	$500 – $15,000	+ 25.99%	9 - 60	$500 – $15,000
100	1595980800	$200 - $1,200	25% - 32%	-	$200 - $1,200
100	1593561600	-	0+	2 - 60	-
12	1589155200	$2,500	15.65% AIR	13 - 26	$2,500
100	1582243200	-	-	Up to 60	-
100	1580947200	-	-	-	-
7	1580860800	$500 - $5,000	-	12 - 24	$500 - $5,000
100	1580860800	$350 - $1,000	-	2 - 12 weeks	$350 - $1,000
2	1580860800	$1,600 - $25,000	19.99% APR	36 - 60	$1,600 - $25,000
10	1580774400	$1,000 - $25,000	7.5% - 31.5% APR	36 - 60	$1,000 - $25,000
100	1579478400	$100 - $1,500	-	-	$100 - $1,500
100	1579478400	Up to $3,200	-	-	Up to $3,200
100	1579219200	$100 - $25,000	+4.9%	-	$100 - $25,000
100	1576713600	-	Up to 35%	-	-
18	1576713600	$500 - $100,000	6.99% - 14.99%	12 - 240	$500 - $100,000
100	1575590400	1800- 2900	15.99%	23 - 36	1800- 2900
100	1562198400	$500 - $15,000	15.99 - 39.99%	6 - 60	$500 - $15,000
100	1560124800	Up to $15,000	29.99% - 46.96%	9 - 60	Up to $15,000
9	1545955200	Up to $20,000	18.99% - 24.99%	36 - 84	Up to $20,000
8	1552262400	$1,000 - $15,000	19.90% - 46.90%	12 - 60	$1,000 - $15,000
100	1569974400	$500 - $50,000	15 - 30%	-	$500 - $50,000
100	1551830400	$1,000 - $15,000	19% - 46.95%	6 - 60	$1,000 - $15,000
100	1551398400	Up to $1,500	15% - 19%	14 days	Up to $1,500
100	1551398400	$100 - $1,500	15% - 17%	14 -31 days	$100 - $1,500
100	1551398400	$500 - $1,000	28% - 32%	-	$500 - $1,000
100	1551398400	-	-	14 days	-
15	1546128000	Up to $5,000	19.9% - 45.9% APR	6 - 36	Up to $5,000
100	1551139200	$5,000 - $35,000	9.9%+	6 - 60	$5,000 - $35,000
10	1551139200	Up to $15,000	19.99% APR	Open-end	Up to $15,000
100	1550534400	$300 - $25,000	7.95%+	36 - 60	$300 - $25,000
100	1550534400	$100 - $1,500	-	14 days	$100 - $1,500
100	1569974400	Up to $1,500	15% - 23%	-	Up to $1,500
100	1550534400	Up to $1,500	Up to 59% APR	14 days	Up to $1,500
19	1550534400	$2,500 +	-	-	$2,500 +
100	1550534400	$500 - $1,000	28% - 32%	3 -5	$500 - $1,000
100	1550534400	$300 - $1,000	38% APR	3 - 4	$300 - $1,000
100	1549238400	$500 - $1,000	28% - 32%	4 - 5	$500 - $1,000
100	1549238400	$250 - $1,000	29% APR	3 - 4	$250 - $1,000
20	1548720000	$500 - $1,000,000	7.9%	12	$500 - $1,000,000
100	1548720000	Up to $5,000	-	12 - 60	Up to $5,000
100	1548720000	$1,000 - $50,000	4.6% – 49.96%	3 - 60	$1,000 - $50,000
100	1548633600	$300 - $7,500	29.9% - 39.9%	6 - 60	$300 - $7,500
100	1548633600	$50 - $1,500	-	14 days	$50 - $1,500
16	1545264000	$2,000 - $10,000	18.9% - 54.9%	12 - 60	$2,000 - $10,000
100	1545264000	$500 - $10,000	12.99% – 39.99%	9 – 36	$500 - $10,000
100	1545264000	$500 – $10,000	Starting at 9.90%	12 - 36	$500 – $10,000
1	1543622400	Up to $50,000	19.99% - 39.99%	6 - 120 Months	Up to $50,000
100	1545264000	$500 - $12,500	19.99%+	12 - 60	$500 - $12,500
100	1545350400	Up to $1000	30%	3 - 5	Up to $1000
100	1545350400	Up to $5,000	60%	6 - 60	Up to $5,000
100	1545350400	Up to $7,000	-	6 – 60	Up to $7,000
100	1545350400	$500 - $2,500	29% - 46.95%	6 - 36	$500 - $2,500
100	1545350400	$500 - $1000+	28%-32%	3	$500 - $1000+
100	1545350400	$500 – $750	28% – 34.4%	3	$500 – $750
100	1545350400	$500 – $750	23% - 34.4%	3 – 12	$500 – $750
100	1545350400	$300 - $1500	27% - 35%	3 - 4	$300 - $1500
6	1545264000	$500 - $35,000	29.99% – 46.96%	9 - 84	$500 - $35,000
4	1545264000	$300 – $35,000	9.9% - 47.72%	24 - 60	$300 – $35,000
5	1545177600	$1,000 - $35,000	5.99% to 29.19%	36 - 60	$1,000 - $35,000
14	1545177600	Up to $20,000	19.99% - 46.8%	12 - 60	Up to $20,000
100	1569974400	Up to $1,500	15% - 23%	14 days	Up to $1,500

		Loan Amount	Rate	Term (Months)	Rating
0	0	Up to $50,000	2.00% – 46.96%	3-60 months	N/A (Referrer) Up to $50,000
8	1669852800	$500 - $300,000	-	2 - 24 months	$500 - $300,000
100	1648512000	$10,000 - $250,000	Varies	6-12	$10,000 - $250,000
100	1620345600	-	-	12 - 60	-
100	1611878400	$5,000 - $30,000,000	-	Up to 18	$5,000 - $30,000,000
17	1607558400	$500 - $50,000	6.99% - 46.99%	6 - 36	$500 - $50,000
100	1598918400	-	-	-	-
100	1592438400	-	-	-	-
100	1585612800	-	0.9% - 12%	6 months - 5 years	-
100	1581984000	$10,000 - $10,000,000	6% - 12.5%	-	$10,000 - $10,000,000
100	1581033600	-	-	-	-
100	1581033600	-	-	-	-
100	1581033600	-	-	-	-
100	1580947200	-	-	-	-
100	1580947200	$10,000 - $1,000,000	-	-	$10,000 - $1,000,000
100	1580860800	-	-	-	-
100	1580860800	-	-	-	-
100	1580860800	-	-	-	-
100	1580860800	-	-	-	-
100	1580860800	$5,000 - $1,000,000	-	-	$5,000 - $1,000,000
100	1580860800	-	-	-	-
100	1580860800	-	-	-	-
100	1580860800	up to $250,000	-	-	up to $250,000
100	1580860800	-	-	-	-
100	1580688000	Up to $10,000	-	-	Up to $10,000
100	1580256000	$5,000 - $500,000	-	6 - 18 months	$5,000 - $500,000
100	1579478400	-	-	-	-
100	1579478400	$10,000- $30,000,000	Min 4.95%	-	$10,000- $30,000,000
100	1579478400	-	-	12 - 120	-
100	1579478400	-	-	24 to 60	-
100	1579478400	-	-	-	-
100	1579478400	-	-	-	-
100	1579046400	-	-	-	-
100	1578873600	-	-	-	-
100	1577059200	-	-	-	-
100	1577059200	-	-	-	-
100	1577059200	-	-	-	-
100	1575849600	$5,000 - $150,000	15% +	6 - 24	$5,000 - $150,000
100	1575849600	Up to $250,000	-	-	Up to $250,000
100	1575590400	-	-	-	-
100	1575590400	-	-	-	-
1	1545955200	$5,000 - $150,000	Fee-Based: Starting at 9%	12 - 60	$5,000 - $150,000
100	1552262400	$500,000 - $10,000,000	-	-	$500,000 - $10,000,000
100	1548720000	Up to $5,000	Prime +7% or 8%	36 - 60	Up to $5,000
100	1552262400	Up to $250,000	-	Up to 10 years	Up to $250,000
100	1552262400	-	-	-	-
100	1552262400	Up to $1,000,000	-	-	Up to $1,000,000
100	1551830400	$10,000+	-	Up to 15 years	$10,000+
100	1551830400	Up to $1,000,000	-	Up to 15 years	Up to $1,000,000
100	1551830400	Up to $500,000	-	Up to 10 years	Up to $500,000
100	1551830400	$5,000 - $10,000	-	Up to 7 years	$5,000 - $10,000
100	1551398400	$3,500+	-	-	$3,500+
100	1551398400	$10,000 - $1,000,000	4% - 14%	12 - 84	$10,000 - $1,000,000
100	1551139200	Up to $75,000	-	Up to 18	Up to $75,000
100	1550534400	$500-$50,000	0.5% weekly	12 week cycles	$500-$50,000
100	1550534400	$1,000 - $1,000,000	6% - 20%	-	$1,000 - $1,000,000
100	1550534400	Up to $5,000,000	4.5%	24 - 72	Up to $5,000,000
100	1550534400	-	-	-	-
100	1550534400	$5,000 - $200,000	-	-	$5,000 - $200,000
100	1549411200	$50,000 - $12,000,000	-	24 - 96	$50,000 - $12,000,000
100	1549411200	$5,000 - $1,000,000+	-	1 - 60	$5,000 - $1,000,000+
100	1549238400	$5,000 - $1,000,000	-	3 - 24	$5,000 - $1,000,000
100	1548720000	$5,000 - $5,000,000	-	4 - 18	$5,000 - $5,000,000
100	1548720000	Up to $100,000	6.05% +	60	Up to $100,000
100	1548720000	$10,000+	18% - 22%	-	$10,000+
100	1548720000	$10,000 - $300,000	4.70% - 5.45%	-	$10,000 - $300,000
100	1548633600	Up to $5,000,000	5% - 10%	12 - 60	Up to $5,000,000
5	1545177600	$1,000 - $35,000	5.6% – 25.5%	36 – 60	$1,000 - $35,000
100	1545264000	$5,000 - $250,000	-	3-18	$5,000 - $250,000
100	1545264000	$5,000 - $150,000	-	3 - 24	$5,000 - $150,000
100	1545350400	$5,000 – $100,000	15% +	12 – 18	$5,000 – $100,000
100	1545264000	$5,000 – $100,000	Starting at 6.87%	3 – 18	$5,000 – $100,000
100	1545177600	$5,000-$250,000	8% - 29% APR	6 - 18	$5,000-$250,000
100	1545177600	$5,000 – $500,000	Starting at 5.9%	3 – 60	$5,000 – $500,000
100	1545264000	$500 - $10,000	12.99% – 39.99%	9 – 36	$500 - $10,000
100	1561507200	Up to $300,000	-	-	Up to $300,000

		Loan Amount	Rate	Term (Months)	Rating
0	0	Up to $50,000	2.00% – 46.96%	3-60 months	N/A (Referrer) Up to $50,000
100	1632960000	Up to $50,000	13% +	12 -72	Up to $50,000
3	1624233600	Up to $50,000	29.99% – 46.96%	12 - 96	Up to $50,000
17	1607558400	$500 - $50,000	-	24 - 60	$500 - $50,000
100	1594339200	-	-	-	-
100	1582761600	-	-	12 - 96	-
4	1582761600	-	11.9% - 22.9%	Up to 84	-
100	1581033600	-	+ 4.9%	-	-
100	1581033600	-	-	-	-
100	1580688000	-	-	-	-
100	1579478400	-	-	-	-
100	1579478400	-	-	-	-
100	1579478400	-	-	-	-
100	1578873600	-	+8.99%	-	-
100	1578873600	-	-	-	-
100	1551830400	$5,000 - $10,000	-	up to 84	$5,000 - $10,000
100	1552262400	Up to $250,000	-	12 - 60	Up to $250,000
100	1552262400	Up to $1,000,000	-	up to 96	Up to $1,000,000
100	1551830400	Up to $100,000	-	6 - 96	Up to $100,000
100	1551830400	$10,000+	-	12 - 96	$10,000+
100	1551830400	Up to $1,000,000	-	up to 96	Up to $1,000,000
100	1577059200	-	-	up to 72	-
100	1577059200	-	-	-	-
100	1575849600	-	Starting at 4%	Up to 84	-
100	1575849600	$5000 - $45,000	4.90 % - 29.95% APR	36 - 72	$5000 - $45,000
100	1575849600	-	-	-	-
100	1575590400	-	-	-	-
100	1575590400	-	-	-	-
100	1575504000	-	-	-	-
100	1574985600	-	-	-	-
2	1569974400	$7500 - $59,995	3.95% +	12 - 96	$7500 - $59,995
100	1562112000	-	Up to 49.9%	-	-
100	1561507200	-	-	-	-
100	1561507200	-	-	Up to 84	-
1	1560124800	Up to $100,000	3.99% - 19.9%	24 -96	Up to $100,000
100	1551830400	Up to $30,000	-	-	Up to $30,000
100	1548720000	-	-	-	-
100	1548633600	-	4.2%+	-	-
100	1545264000	$500 - $10,000	12.99% – 39.99%	9 – 36	$500 - $10,000
100	1545177600	Up to $50,000	-	-	Up to $50,000
100	1545177600	$5,000 – $40,000	-	12 – 72	$5,000 – $40,000
100	1545177600	-	-	Maximum 84	-

		Loan Amount	Rate	Term (Months)	Rating
0	0	Up to $50,000	2.00% – 46.96%	3-60 months	N/A (Referrer) Up to $50,000
100	1578873600	$1,000 - $35,000	-	24 - 60	$1,000 - $35,000
100	1545264000	$500 – $10,000	Starting at 9.90%	12 - 36	$500 – $10,000
100	1545264000	Up to $25,000	-	12 - 60	Up to $25,000

		Loan Amount	Rate	Term (Months)	Rating
0	0	N/A	N/A	N/A	N/A (Referrer) N/A
100	1627344000	-	1.94% - 2.45%	12 - 60	-
7	1620777600	Up to $35,000	-	-	Up to $35,000
4	1545264000	$300 – $35,000	2.20% - 2.54%	36 - 60	$300 – $35,000
100	1581033600	-	2.74% - 6.30%	12 - 120	-
100	1580947200	-	-	-	-
100	1580860800	-	-	-	-
100	1580860800	-	2.64% - 4.45%	12 - 120	-
100	1580860800	$50,000+	2.74% - 3.49%	12- 120	$50,000+
100	1580860800	-	-	36 - 60	-
100	1580860800	-	-	-	-
100	1580860800	-	-	-	-
100	1580688000	-	2.79% - 6.00%	6 - 60	-
100	1579478400	-	2.74% - 3.70%	6 - 120	-
100	1578873600	-	-	-	-
100	1578873600	-	2.69% - 3.95%	6 - 120	-
100	1577059200	$25,000 - $800,000	4.59% - 5.64%	6 - 60	$25,000 - $800,000
100	1577059200	-	-	-	-
100	1577059200	-	--	-	-
100	1577059200	-	2.84% - 7.30%	-	-
100	1574985600	$100,000 - $750,000	-	12 - 120	$100,000 - $750,000
100	1574899200	min 25,000	3.89.% - 4.84%	12 - 60	min 25,000
100	1574899200	-	2.23% - 4.45%	-	-
100	1560124800	-	2.89% - 3.79%	-	-
100	1548806400	$10,000 - $1,500,000	Varies	12 - 24	$10,000 - $1,500,000
100	1548720000	-	2.41% - 3.84%	-	-
100	1548720000	-	-	-	-
1	1517097600	$10,000+	Based on equity	-	$10,000+

		Services	Rating
0	0	Debt Consolidation Program, Debt Settlement Program, Consumer Proposal, Bankruptcy Consultation	N/A (Referrer) Debt Consolidation Program, Debt Settlem...
100	1576540800	Credit Counselling, Bankruptcy, Consumer Proposal	Credit Counselling, Bankruptcy, Consumer...
100	1576540800	Credit Counselling, Debt Management Program	Credit Counselling, Debt Management Prog...
100	1576368000	Credit Counselling, Debt Management Program	Credit Counselling, Debt Management Prog...
100	1576454400	Debt Restructuring, After Care - Credit Rebuilding Program, Corporate Debt Restructuring	Debt Restructuring, After Care - Credit ...

Types Of Loans In Alberta

There are several different types of loans available in Alberta. Depending on what you need the money for one loan will prove more suitable than the other.

Personal Loans In Alberta

With a personal loan, your lender will loan you a lump sum of money that you’re required to repay via installment payments over a specified loan period, with interest. Personal loan amounts range from anywhere between $1,000 to $35,000, with loan terms from 1 to 5 years, though these figures may vary by lender.

Interest rates can range quite a bit, from 4% to 46%, depending on the lender, loan amount, and your creditworthiness.

What Can You Use A Personal Loan For?

The funds from a personal loan can be used for just about any purpose – as long as it’s legitimate – such as home repairs, car repairs, college tuition, big vacations, or debt consolidation.

Payday Loans In Alberta

Unlike a personal loan, a payday loan must be repaid in one lump sum, usually by the time you receive your next paycheque. Payday loans are short-term, high-interest loans for amounts of no more than $1,500.

Repayment terms are typically 2 weeks, though they can be as long as 62 days. Interest rates are among the highest in the industry, with APRs soaring as high as 500% or more.

Note: Since payday loans are so expensive and don’t come with very much time to repay the borrowed funds, they should only be considered as a last resort. If you don’t pay back your payday loan on time, you’ll be stuck with even more interest and fees. To Learn about the payday loan laws in your province, click here.

Car Loans In Alberta

A car loan is a type of financing that is meant to help cover the cost of a vehicle purchase. Your lender will provide you with a lump sum of money that you use to pay for the car, then the loan is repaid through fixed installments with interest over the loan term.

Car loans are secured loans, which means the vehicle collateralizes the loan. Because there’s collateral, the loan is less risky for the lender. That means interest rates are usually lower with car loans compared to unsecured loans.

Mortgages In Alberta

Similar to a car loan, a mortgage is a loan that is secured by the asset you’re buying. In this case, a mortgage is designed to help homebuyers purchase a home. The loan, along with interest, must be repaid through installment payments over the loan term until the entire amount owed is paid back. Mortgages usually have 5-year terms and an amortization period between 10 to 25 years.

If you fail to make payments at some point, the lender has the right to repossess the property.

Student Loans In Alberta

Student loans are used to cover the cost of post-secondary tuition fees and can be obtained from private lenders, the bank or the government.

Government – If you take out a government-issued student loan, you’ll need to apply directly with your province or territory of residence. The amount you’re given is calculated at the time of application and is based on the cost of your studies, your household income if you have dependents, and if you have a disability.
Bank – Many banks offer special loans and lines of credit for students. Like the government, they often have flexible payment schedules that allow you to repay the loan after finishing school.
Private Lenders – Many private lenders will provide installment loans you can use to fund your studies. However, generally speaking, you’ll have to start repaying your student loan after it is issued, though, some lenders may offer a grace period.

Other Loans You Can Get In Alberta

Debt consolidation loans
Business loans
Emergency loans
Home renovation loans
Medical loans
Wedding loans
Tax debt loans
Bridge loans
Vacation loan
Vehicle repair loans

Can You Get A Loan In Alberta With No Bank Verification?

A ‘no bank verification’ loan is one that does not require an active bank account. Under normal circumstances, lenders in Alberta usually require borrowers to have a bank account for funding and repayment purposes. But such is not the case with a no bank verification loan.

If you don’t have an account, you may still be able to secure a loan. You won’t need to provide the lender with any paperwork to prove you have a bank account, but you’ll still have to provide evidence of a sufficient income and a steady job.

Can You Get A Loan In Alberta With No Refusal?

A ‘no refusal’ loan is a type of loan in which you will not be turned down due to poor credit. As long as your income and employment status checks out, your lender won’t refuse your loan application despite a bad credit score.

Loans with no refusal are short-term loans that promise fast funding. You can get access to borrowed funds within hours following loan application approval.

Can You Get A Loan In Alberta With Instant Approval?

Some lenders promise instant approval after application submission. These loans are typically payday loans, which are short-term loans that offer quick funding with little lending criteria to meet.

However, it’s important to note that no legitimate lender will provide you with a loan without some sort of underwriting process. Generally, instant approvals are pre-approvals, which are estimates of what you may qualify for if the information you provided checks outs.

Documents Required To Apply For A Loan In Alberta

In order for lenders to verify your identity, financial health, and creditworthiness, they’ll usually need to assess the following documents:

Personal identification. To verify your identity, the lender will want to look at your driver’s license, passport, or any other government-issued photo ID.

Income and employment. A steady job and reliable income are usually required for a loan. To prove your employment status and income, you can provide your lender with pay stubs, bank statements, tax receipts, an employment letter, and anything else that proves your financial status.

Additional documents for a car loan. If you’re taking out an auto loan, the lender will also need the Vehicle Identification Number (VIN), the purchase price of the vehicle, and the year, make, and model of the car. They may also want to see proof of insurance.

Additional documents for a mortgage. If you’re applying for a home loan, the lender will need additional documentation, including the legal description of the property, Purchase Agreement, proof of insurance, and confirmation of the down payment source.

Steps On How To Apply For A Loan In Alberta

To apply for a loan in Alberta, follow these steps.

Step 1. Compare Lenders And Choose One To Apply With

Shop around before picking a lender. Doing so will help you find the best interest rate and loan terms based on your financial and credit health.

To make it easier for you, use an online loan aggregator. Simply input a few pieces of information about yourself and your finances, and the aggregator will automatically populate a list of lenders and the loan options available to you.

Step 2. Fill Out The Application And Provide Documents

Once you’ve chosen a lender to work with after doing some comparison shopping, it’s time to apply for the loan. Complete the lender’s loan application, either online or in-person, and make sure all information provided is accurate.

You’ll also need to submit all documents requested by the lender, which may vary based on the exact loan type you’re applying for. If the lender wants to conduct a credit check, you’ll need to provide consent. This will be considered a “hard” inquiry, which can have a slight impact on your credit score.

Step 3. Wait For The Loan Offer

After a careful review of your loan application and accompanying documents, the lender will notify you about your approval status. If approved, you’ll receive a formal offer for a loan, along with all the details, including the interest rate, repayment schedule, and loan term.

Step 4. Wait For The Funds

Following the offer acceptance, you should receive the funds shortly after. If you applied for a loan with an online lender, you can expect to receive the money much sooner than you would with a conventional lender. Depending on the loan type, you could get access to the funds in as little as a few minutes to as long as a few days.

How To Calculate The Cost Of A Alberta Loan

There are numerous factors that can affect the cost of your loan. Interest rate, loan term, loan amount, payment frequency and fees are all factors that can affect your loan cost.To help you calculate the cost of your loan, consider using a loan calculator.

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How To Increase Your Chances Of Getting Approved For A Loan In Alberta

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:

Improve Your Credit – Get a credit check before applying to ensure your credit is in good standing. The more favorable credit score you have, the better.
Pay Down Your Debts – Make sure that any other outstanding debts you might have, are paid off in full. Make sure to check your debt-to-income ratio on a regular basis.
Choose The Right Lender – Make sure you choose the right lender to suit your needs. Before applying, do as much research as possible and review all your options. 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.
Get A Co-Signer – 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

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.

Additional Reading

Alberta Loan FAQs

Can I get a loan in Alberta with bad credit?

Yes, many lenders in Alberta are specifically designed to help borrowers with bad credit. Rather than basing their approval on your credit score, they take your over financial health into consideration instead. This includes your income level, debt-to-income ratio, employment stability, and other significant factors.

Can I get a no credit check loan in Alberta?

Yes, you can get a no credit check loan in Alberta. In general, you can expect no credit checks when you apply for payday loans, car title loans, guarantor loans, and some personal loans. However, you should be aware that these loans come with a lot of risks due to the high-interest rates charged and collateral added.

Can I get a loan in Alberta with government income sources?

While banks and credit unions would not accept government benefits as a source of income many alternative lenders in Alberta will accept it. Whether you receive your income from Canada Child Benefits (CCB), Canada Pension Plan (CCP), Employment Insurance (EI) or any other income from the government, you can still get a loan in Alberta.

How long will a lender place a lien on your car loan in Alberta?

The lender places a lien on the car title until the loan is fully repaid.

When do I have to start making my student loan payments in Alberta?

Government-issued student loans are repaid over a specific time period via regular payments, but you don’t have to start making payments while you’re still in school. You may also be granted a grace period once you graduate. But after that grace period ends, you’ll need to start making regular payments until the outstanding balance is paid in full. Payments made in the first 6 months following graduation will go directly to the principal portion of the loan. If you manage to pay the loan off during this time period, you won’t pay any interest.