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Alpine Credits Ltd

Feel settled in Canada faster

Have you recently moved to Canada, purchased a home and find yourself seeking a loan? Many new immigrants to Canada have a lot of difficulty getting approved for a loan from the banks or other lenders. This is not uncommon for newcomers as they may not have a Canadian credit score or work history, making it hard for them to prove their financial eligibility. Alpine Credits can help you get your desired loan approved quickly with a simple application process. Instead of requiring borrowers to meet the stringent lending criteria set out by the banks, Alpine Credits simply requires the borrower to be a homeowner. As an equity lender, Alpine Credits lends money based on the equity in your home regardless of how recently you have moved to Canada. Whether you need a home equity loan to start a business, pay off some debts or complete some home renovations, Alpine Credits can help!

Owning your home is all you need to qualify

Newcomer to Canada

Getting a traditional loan can be difficult for newcomers to Canada. Alpine Credits approvals are based on owning your home rather than your age, income, and credit history.

We can approve loans for newcomers to Canada in less than 24 hours.

We try our best to get the money transferred to your account within a week, upon application approval.

Homeowners get approved in less than 24 hours

Home Equity Loans

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Apply online in minutes

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Get approved in less than 24 hours

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Funds are deposited directly into your account within a week.

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See how Alpine Credits compares

It can be difficult to secure a loan as a newcomer to Canada, and dipping into savings isn’t always the best long-term financial solution. See how a home equity loan from Alpine Credits compares to other borrowing options.

Savings

Keeping your money in savings and investments can earn you more money in the long run and outweigh the cost of a low-interest rate loan.

traditional

Traditional banks

Banks have stringent loan approval criteria. They are also less flexible about reasons for borrowing money.

Line of

A personal line of credit

Lines of credit have variable interest rates that fluctuate, and may have additional annual or monthly maintenance fees.

loan chart monthly payments
Approved stamp

Own your home? You’re approved.

All you need to qualify for a loan is to own your home (or other real estate). Traditional banks look at factors such as your age, income, and credit history to approve you for a loan. At Alpine Credits, we focus on the amount of equity you have in your home or other real estate properties. We make the process as quick and easy as possible.

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Frequently asked questions

There are a number of lenders that will offer loans to newcomers to Canada, even if you don’t have a credit history in Canada. However, most of these lenders will require you to have a work permit in order to qualify for a loan. Alpine Credits is one of the few lenders that does not require a work permit in order to get a loan, as the main criteria that we consider for your loan if you are a newcomer to Canada is the equity in your home.

You may be an immigrant in Canada and are still a newcomer to Canada. If you need a loan, the process can seem a bit complicated and restrictive. So to simplify that process, it may be best to consider a home equity loan. Alpine Credits provides loans to newcomers in Canada, even if you don’t have a work permit. So regardless of your status in Canada, we can help you get a loan as long as you own your home.

**The above chart entitled “Monthly Loan Payments on $35,000” is for discussion purposes only. The graph is intended to illustrate various monthly payments associated with different product offerings to the reader. Please see below for the unique terms and conditions related to each offering. Final rates and payments for all loans in question are subject to change and vary based on each individual’s situation.
Bank Loans: $35,000 interest-only loan with fixed rate prime (2.95%) + 3% / monthly payment. Two-year term in which 100% of principal is owed at the end of the term. Other fees (appraisal/legal) may apply.
Alpine Credits 1st Mortgage: $40,500 (net $35,000) interest-only loan with 5.75% interest rate in year one and prime + 4.00% in year two. Two-year term in which 100% of principal is owed at the end of the term. Monthly payment and APR associated closing costs (legal fees, appraisal, brokerage fees).
Alpine Credits 2nd Mortgage: $40,500 (net $35,000) interest-only loan with 8.75% interest rate in year one and prime + 6.05% in year two. Two-year term in which 100% of principal is owed at the end of the term. Monthly payment and APR associated closing costs (legal fees, appraisal, brokerage fees).
Credit Cards: $35,000 loan paid off in 5 year & monthly PMT. 19.99% interest rate & fee of primary and secondary user ($99 + 30$ = $129 Yearly).
Online Loan 1: $35,000 loan paid off in 46 Months/Bi-weekly PMT with a 26.90% interest rate. Loan details have been taken directly from the online lending company’s website. Other fees may apply.
Online Loan 2: $35,000 loan paid off in 4 Years/Bi-weekly PMT. Loan details have been taken directly from the online lending company’s website. Other fees may apply.