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Installment Loans Alberta

  • chAccess to over 50 lenders in one place
  • chTransparency in rates & terms
up Last updated

June 09, 2025

up Written by:

Amy Orr

up Reviewed by:

Jenna West

A quick and simple method of acquiring financing in Alberta is an installment loan. Whether you need repairs for your car, have unexpected bills, business investment capital or even just a vacation, online loans in Alberta can be found on Smarter Loans. It’s easy to get approved in Alberta for an online loan. No more need for long lines or heavy paperwork. Just complete a quick online application and the cash is sent to you within a couple days.

Compare Lenders

AMOUNT
$500 - $150,000
INTEREST RATE
9.99% - 34.99%
TERMS
9 - 240 months
AMOUNT
$500 - $25,000
INTEREST RATE
34.56% - 34.95%
TERMS
6 - 84 Months
AMOUNT
$300 - $35,000
INTEREST RATE
9.99% - 34.95%
TERMS
9 - 84 Months
AMOUNT
Up to $20,000
INTEREST RATE
19.8% - 34.99%
TERMS
36 months
AMOUNT
$1,000 - $5,000
INTEREST RATE
19.9% - 34.5%
TERMS
12 - 36 months
AMOUNT
$500 - $1,000
INTEREST RATE
Varies
TERMS
3 - 6 months
AMOUNT
$1,000 – $15,000
INTEREST RATE
19.9% - 34.9%
TERMS
Line of Credit
AMOUNT
$150-$1000
INTEREST RATE
30.4% APR
TERMS
30 Days
AMOUNT
$500 - $15,000
INTEREST RATE
34.37%
TERMS
12 - 60 Months
AMOUNT
$100 - $1,500
INTEREST RATE
Varies
TERMS
2 months
AMOUNT
$100 - $1,500
INTEREST RATE
Varies
TERMS
2 months
AMOUNT
$300 - $20,000
INTEREST RATE
Varies
TERMS
12 - 60 Months

Quick Links


  1. What is an installment loan in Alberta?
  2. How do you apply for an installment loan in Alberta?
  3. What are the qualification requirements for an installment loan in Alberta?
  4. Do all lenders in Alberta run a credit check when you apply for an installment loan?
  5. Can I get an installment loan in Alberta if I have bad credit or no credit?
  6. What can I use an installment loan for in Alberta?

 

What is an installment loan in Alberta?


Any loan that is paid back in installments is an installment loan. These loans are given to the borrower in one lump sum and paid back as per a schedule. The payment schedule will cover the installments with which the loan is paid back. Installment loans in Alberta describe a wide variety of loan types.

Home loans, car loans, and other personal loans are examples of installment loans in Alberta. Revolving credit options like a line of credit are not installment loans.

 

How do you apply for an installment loan in Alberta?


The first step to getting an installment loan in Alberta is choosing your lender.

The first place to look for an installment loan is your local bank. Bank loans offer rates that are lower than most other lenders’ rates.

Some alternative and online lenders can get you an installment loan in Alberta when you’re having trouble getting your needs met with traditional lenders. Alternative lenders are fast and often offer loans to borrowers with less than perfect credit.

When you’ve selected a lender, you just need to submit an application and qualify. You can go into your bank and ask for an installment loan directly or with alternative lenders, you can just apply online.

 

What are the qualification requirements for an installment loan in Alberta?


In Alberta, you need to be at least 18 years old to get an installment loan. Other installment loan qualification requirements vary by lender. If you have fair or good credit, you should be able to get a loan easily.

Your credit score & income will be the biggest factors for lenders to determine the rates to offer you. They will also consider your employment history and payment history on your bills.

 

Do all lenders in Alberta run a credit check when you apply for an installment loan?


Not all lenders run a credit check for installment loans in Alberta.  Lenders that don’t check your credit score will offer high rates.

To get a loan without a credit check in Alberta, you need to find a lender that specifies that they don’t check them. These lenders can be found online and can get you a loan quickly. Just keep in mind that the APRs on no credit check loans are usually higher.

Can I get an installment loan in Alberta if I have bad credit or no credit?


Yes, you can get an installment loan in Alberta if you have bad or no credit. If your credit history is blank, you will have to find a lender that will deal with no-credit borrowers. Those lenders will still want to look at your income.

Many online lenders give loans to bad credit borrowers. These lenders see bad credit borrowers as riskier which typically means higher rates. You may also be asked to provide collateral in some cases to secure the loan.

What can I use an installment loan for in Alberta?


Installment loans can be used for many different purposes in Alberta. They are meant for any expense you can’t afford right away.

Some reasons to get an installment loan in Alberta include:

av
writtenWritten by:

Amy Orr

Amy Orr is a professional writer and editor with over 10 years of experience in the Canadian, U.S. and U.K. financial markets. She has written for numerous publications on topics as diverse as economic literacy, corporate finance, and technical analysis of numerical data. Prior to transitioning to full-time writing, she worked in the hedge fund sector. Her academic background is astrophysics, and she has a Masters in Finance from the University of Edinburgh Business School.

av
writtenReviewed by:

Jenna West

Jenna West is Smarter Loans' in-house financial writer and content director. She has been covering the Canadian FinTech and finance industry since 2017, including financial trends analysis, industry surveys, regulatory updates and changes in Canadian consumer behaviour when it comes to finance.

Awesome G.
04:46 26 Feb 25
I’m very honoured to shear my experience with this illustrious platform. To be able to systematically choose from a list optional to one’s profile without doing much leg work is truly rewarding. This platform allowed to expand my options and chose which lenders fit my profile, thank you and continue doing what you do best,, connecting people to available wealth opportunities.
Pat M.
03:10 26 Feb 25
Good place to get a loan
Chris “Stufphr” H.
02:07 26 Feb 25
When you feel in need of a loan do it smart and make it a Smarter Loans.
Dan Bott (.
01:41 26 Feb 25
Very Helpful, was assisted in a timely fashion and was ultimately able to receive assistance; I highly recommend!!!
joel K.
22:59 25 Feb 25
I have recommended this place to many friends I feel that this company goes out of their way to help people that they can and they are very easy to work with
Nate C.
13:22 27 Oct 24
This company is reliable, quick, and just has the best customer service and rates it is a easy process with quick results. Would definitely recommend to anyone that needs the help.
Vincent J.
07:08 23 Oct 24
Good place for borrowing a bit of money 😁
Kels H.
06:41 23 Oct 24
Personally love this opportunity and app. Super convenient and easy to use and super awesome variety of great loans. Thanks so much guys for making such an awesome site and app and being there for me over the years. :)
Tara H.
16:23 16 Oct 24
From beginning to end, my experience was great! Very professional and personable agents. They only asked questions that were needed for the loan and payments were extremely reasonable. Would recommend to anyone who needs emergency funds.
A S.
19:43 11 Oct 24
“ Thank you SO very much! My situation was tricky and you guys made the whole process so effortless. The way you guys handle the whole process so discreetly. That truly speaks to how well your office is run and the caliber of specialists who handled the processing of my entire loan!”

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