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Get Short Term Loans in Alberta 

Whether you need $10,000 or $50,000 – Alpine Credits is the best alternative for short term loans in Alberta

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When Albertans need financial assistance, one option is to get short-term loans in Alberta. They can be helpful sources of financing, especially for those who need better credit scores. Regardless of your financial history, learning about short-term loans and what they can do for you is essential. 

Short-term loans are a type of personal loan in Alberta that you can get from alternative lenders. They have their name because the repayment term can range from a few months to a few years. Even though they must be repaid in a short amount of time, they are more accessible than some other types of loans in Alberta.

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How to access online short term loans in Alberta with Alpine Credits 

Getting a short-term loan online is a simple process when you apply for a home equity loan with Alpine Credits.  

  1. Fill out the application online—completing the application takes significantly less time than applying for a loan at other institutions. Just be prepared with how much you want to request and the appraised value of your property. 
  2. Wait for application status—applying for a loan at the bank can have you waiting months to hear back. However, if you have enough equity in your property, you will receive approval in less than 24 hours when you apply for a home equity loan at Alpine Credits.  
  3. Receive the funding—Alpine Credits is committed to providing you with financial support as quickly and efficiently as possible. The money is yours to spend on any of your major needs, like urgent expenses or loan consolidation.  
Home Equity Loan Equation
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Benefits of short term loans in Alberta 

Compared to traditional loans, a short-term loan offers a few advantages.  

  • Flexibility—the money can be used for any purpose, including business investment, home renovation, and loan consolidation. Depending on the loan size, you can spend it in different areas. 
  • Near instant approval—most short-term loan lenders do not need as much time to process applications, nor do they have high standards, making approval more attainable.  
  • Quicker funding—since lenders offering short-term loans do not require as much processing time, they’ll deposit the funds into your bank account within days.

Home equity loan as a short term loan in Alberta 

One type of short-term loan homeowners in Alberta have special access to is a home equity loan. If you’ve owned your home for several years and have paid down your mortgage to a point where you own greater than 25% of the equity, you can be approved for a home equity loan. By subtracting your outstanding mortgage balance from the appraised value of your house, you can determine how much equity you have.  

Home equity loans in Alberta are considerably better than short-term loans like payday loans. Even though your house will act as collateral, the repayment terms and interest rate will be more practical than getting quick loans elsewhere. Both types of loans require financial diligence, but home equity loans are more reasonable to repay.

Why get a short term loan in Alberta from Alpine Credits

With a home equity loan from Alpine Credits, you’ll get the same benefits as you would from other lenders, along with the following advantages.  

  • Lower interest rates—compared to credit cards and unsecured personal loans from other lenders, home equity loans have a more reasonable interest rate because your property secures the loan.  
  • Fixed interest—the market conditions do not affect your monthly payments, which allows you to budget accordingly.  
  • Less reliance on credit check—to get a home equity loan from Alpine Credits, you only need at least 25% of your home equity. Your credit score does not determine your application outcome.  
  • Higher loan amount—with more equity comes a potentially more significant loan. Homeowners can access up to 75% of their home equity, which has a high value with housing prices across the country.  

 Alpine Credits has been helping Canadians access their property equity since 1969. They understand that not everyone can meet the bank’s standards to qualify for a loan, so Alpine Credits provides an alternative solution. No matter where you are in Alberta, you have a home equity financing option available as long as you own your home.

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Frequently asked questions

Consider applying for a short-term loan from Alpine Credits. You’ll quickly find approval if you’re a homeowner with sufficient home equity because you don’t need to provide your credit score or income. Interest rates are also lower than other lenders and credit cards. 

Most short-term loans in Alberta can accommodate people with lower credit scores. Depending on the lender, you may still need to present your debt-to-income ratio. On the other hand, home equity loans are available to homeowners regardless of their poor credit.