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Online Loans Alberta

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up Last updated

June 12, 2025

An online loan can be a great option to get quick financing in Alberta. If you need money to fix up your car, pay off your bills, invest in your business, or simply go on vacation, online loans in Alberta are quickly becoming a common financing solution. You can usually get approved for an online loan in Alberta quickly. The benefits of applying for an online loan means that you can finally avoid long lines and filling out stacks of paperwork. Once you complete an online application and get approved, you can expect to receive funds transferred to your bank account in just a few 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
$20-$350
INTEREST RATE
0%
TERMS
N/A
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
$300 - $20,000
INTEREST RATE
Varies
TERMS
12 - 60 Months

Frequently Asked Questions About Online Loans in Alberta


How do I know if I’m eligible for an online loan in Alberta?

Online loans are known for being easy to access, but that doesn’t mean that absolutely everybody can get one. To pass the most basic eligibility requirements for an online loan in Alberta, you must be:

  • At least 18 years old with proof of ID
  • Resident of Alberta and able to prove your home address
  • In possession of some form of income that you can verify with financial documents

In addition to these universal requirements, each lender may have their own, additional requirements, such as credit score. This is why it’s so important to read a lender’s rules and restrictions before applying for a loan from them.

How quickly can I get an online loan in Alberta?

Albertans favour online loans because of their convenience, and part of this is related to speed. If you need cash fast, a traditional personal loan may simply take too long. Some banks and credit unions may even take up to six weeks to process a loan application! But online loans tend to be reviewed and have their funds released much faster – typically between one and five business days. And if speed is a particular priority for you, look for lenders that offer 24hr turnaround times.

What’s the maximum I can borrow with an online loan in Alberta?

How much you can borrow with an online loan depends largely on your personal circumstances, as a lender will take into account your income, credit score, existing debts and other factors when deciding how much they’re comfortable lending to you. In theory, up to $50,000 is available via an online loan, but this amount is usually reserved for the very top tier of borrowers. Amounts in the $5000 to $10,000 range are much more common.

Who regulates online loans in Alberta?

Financial institutions in Canada, including online loan providers, are regulated by the Financial Consumer Agency of Canada (FCAC) at the federal level, and the Alberta Superintendent of Financial Institutions on the provincial level. In addition, online lenders in the form of payday lenders are subject to specific rules and regulations under the Payday Loans Act, which caps how much you can be charged.

I’ve been rejected for other loans in Alberta; can I still get an online loan?

Probably, but it does depend on why you were denied a loan, and your chosen online loan provider. Many online lenders have more flexible eligibility requirements than traditional lenders, like banks and credit unions, so it’s possible that even if you were refused a loan from your primary financial institution, you’ll still be able to get one online. But you need to understand the reason for the original denial, so you can choose the right online lender to apply to.

For example, if you failed to qualify for a traditional loan because of your credit score, you’ll want to prioritize applying to bad credit online loan providers. If you have an untraditional income stream, you’ll want to look for lenders that offer flexibility in what they consider income – and so on. There are online loan options for almost all circumstances, you just have to know where to look!

Awesome G.
04:46 26 Feb 25
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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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