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About three in ten. Of 8,120 Alberta applications on our platform in the first half of 2026, about three in ten came from people with a score under 560. About a quarter more had no score on file.
| Credit score | Share of Alberta applications |
|---|---|
| Under 560 | 29.2% |
| 560 to 659 | 40.1% |
| 660 and up | 4.3% |
| No score on file | 26.4% |
Smarter Loans platform, 8,120 personal loan applications from Alberta, 1 January to 30 June 2026.
Everyday costs. Albertans under 560 ask for about $1,600 on average. A third are catching up on bills, and one in eight is paying a medical cost.
Calgary and Edmonton send more than half of Alberta's applications. Each has its own page: bad credit loans in Calgary and bad credit loans in Edmonton.
Nine of the thirteen personal lenders that serve Alberta, all listed on the personal loans in Alberta page. Six consider poor credit, and three set no minimum score. Six pay out within 24 hours, and our application reaches all nine at once.
Income minimums run from $1,000 to $2,000 a month, and one of the nine accepts disability or pension income. The lenders read three months of bank statements before your score.
Your right to see the cost. Alberta's high-cost credit regulation covers any credit at 32% or more. A lender charging that much needs an Alberta high-cost credit licence, online lenders included. It must give you the total cost, the annual rate and every fee before you sign.
Every lender we work with that lends below 560 is on the bad credit loans in Canada page.
Reviewed by Rafael Rositsan, Co-Founder and CEO, Smarter Loans, 3 October 2026. Lender terms checked August 2026. Platform figures cover applications from 1 January to 30 June 2026.
Nine lenders in our network lend below 560 across Alberta. That is nine of the thirteen personal lenders serving the province.
About three in ten Alberta applicants have one, and about a quarter have no score at all. Figures are from Smarter Loans applications, January to June 2026.
Albertans under 560 ask for about $1,600 on average. A third are catching up on bills, and one in eight is paying a medical cost. Figures are from Smarter Loans applications, January to June 2026.
Yes, above 32%. Alberta requires every high-cost credit lender to hold a provincial licence, online lenders included.
Calgary and Edmonton each have one. Together they send more than half of Alberta's applications. Figures are from Smarter Loans applications, January to June 2026.
