Frequently Asked Questions About Loans in Alberta
How do I get a loan in Alberta?
To qualify for a loan in Canada’s fourth largest province, there are three basic requirements:
- You must be at least 18 years old
- You must be a resident of the province
- You must have an active bank account
Then you must meet your chosen lender’s specific eligibility requirements. These vary a bit lender to lender, but usually relate to credit score, income, and amount of existing debt. It’s fairly common for a lender to require proof of continuous income and a minimum credit score of 600. However options do exist via alternative lenders for borrowers who do not meet these conditions.
Where can I get a loan from in Alberta?
Alberta is home to a thriving loan market and, as such, has many different providers for its four million residents to choose from. This includes: