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Lender
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

ATB Financial

Finanso.Multilogin™

About lender

ATB is a well-recognized and reputable financial institution, rendering a wide range of services to its customers in the province of Alberta, Canada. The services of the company are as follows: personal banking (borrowing included), business banking, commercial banking, and wealth management. The company was founded in 1938 and has a long and impressive business track record. At ATB Financial, people are the main focus. It has grown and changed from one small Treasury Branch to become the largest Alberta-based financial institution, with assets of $57.1 billion. ATB emphasizes that it does everything possible to protect the privacy of its clients' personal information and provide them with security and confidentiality.

To fulfill the compromise mentioned above the company is transmitting and holding all its clients’ data outside Canada.

The customers of the company can also take advantage of protecting themselves from other kinds of fraud such as identity theft and use the Mastercard® Identity Check and Visa Secure protocols for additional prevention of their data being stolen – all of the above-stated makes customers’ online shopping more foolproof as involves authentication of the identity before permitting purchasing.

ATB Financial is all about protecting the Personal Information of its customers and has built up the Privacy Code for better serving the clients. ​In addition, ATB follows the Canadian Anti-Spam Legislation (CASL).

ATB services

The company is rendering a wide range of financial services within the following areas:

Personal Banking

Consulting people on various issues, such as Credit and Debit, Saving and Investing, Home Buying and Mortgages, Retirement, Insurance, Education, etc.

The services in this segment also include consulting on questions described as follows: everyday banking, investing, borrowing, insurance, and mortgages.Within the borrowing program, there is an opportunity to get the following personal loans:

  • personal loans
  • personal investment loans
  • personal RRSP Max-It loan
  • 4-H personal loan program

There are also available such loan products as lines of credit.

Business Banking

Consulting on Start up Business, Money and Finances, Agribusiness, Sales and Marketing, Succession Planning, etc.The services in this segment also include consulting on questions described as follows: accounts & services, payments, borrowing, and investing.

Commercial Banking

Consulting on Foreign Exchange and Global Trade, Growth Management, Treasury and Payments, etc.

Wealth management

Consulting on Retirement, Education, Estates, Tax and Protection, Investing and Saving, Markets, Insurance, etc. The company also offers a broad list of services related to working with investment funds:

  • Composing of CompassTM Portfolios enables its customers to invest in a broad range of securities.
  • Having an opportunity of working with ATBIS Pool Funds – make investments into different investment funds. That makes customers’ securities portfolios to be more diversified.

Pros

  • The company is rendering a massive range of services to different customers.

  • The company has got 280 locations in Alberta.

  • It offers customers the so-called assistive technology, an application that helps those with physical disabilities access the company’s website.

Cons

  • The company gives services in one community only - Alberta.

  • Few details on the loan conditions are available.

  • Its loan FAQ search section does not seem to be working.

Loan conditions

There is not much specific information on the ATB website regarding loan conditions. Other review platforms do not offer this information as well.

Should any request arise concerning the services mentioned above – the company kindly asks to contact its managers to get detailed information on the service needed and conditions.

The general conditions for getting all the services are Canadian citizenship, legal age, stable income, and residing within Alberta province.

Still, there are some key product details regarding the loans offered.

Personal loan

  • The customer can prepay, increase his payments or repay in full at any time with no penalty.

  • Interest rate fixed or variable, 7.20% - 14.20%

  • Repayment term 1-5 years

  • Early repayment any time, no penalty

Investment loans

  • Interest rate fixed or variable, 7.20% - 14.20%

  • Repayment term 0-12 months

  • Early repayment any time, no penalty

RRSP Max-It loan

  • Interest rate fixed or variable, 7.20% - 14.20%

  • Repayment term 1-5 years

  • Maximum amortization of ten years

  • Maximum loan $75,000

  • Repayment frequency flexible

  • Early repayment any time, no penalty

In addition to the products mentioned above, such personal loans are also available as Lines of credit.

To find out the basic details of business term loans, business growth loans, the Canadian small business financing program, evergreen financing loans, equipment financing loans, and agricultural loans, visit the ATB website.

Methods of loan funding

It is known that loan funding methods vary depending on the product. Still, no specific information is available on the ATB’s platform regarding loan conditions. Other review platforms do not offer this information as well.

Reviews

FAQ

What is ATB?

ATB is a Crown corporation rendering such services as a wide range of loans, investment, and wealth management to its customers residing in Alberta province in Canada.

Who owns ATB?

ATB Financial is a financial institution owned by the province of Alberta.

How do you qualify for ATB?

There is no specific information regarding this question on the website of ATB; still, typically, the general conditions for getting all the services are Canadian citizenship, legal age, stable income, and residing within Alberta province. 

Other review platforms do not offer this information as well. Still, you can contact the company’s client care to find out the details y try to apply for any of ATB’s products.

How much can you borrow from ATB?

The amount of money accessible to the client depends on the financial product to be chosen. $20.000 is a sum frequently used by ATB as an example. The maximum amounto for a RRSP Max-It loan is $75.000.

Is ATB a legitimate company?

The company corresponds to all the requirements for such financial institutions and is entirely legitimate. It is a Crown corporation wholly owned by the province of Alberta. This business is listed on OPENGOVCA.

Company documents

Legal
Privacy & Security
Code of Conduct

Everything we do is focused on how we can serve Albertans—from providing expert advice and supporting entrepreneurs to helping Albertans buy a home and grow their wealth.

© ATB Financial

Financial products

ATB Financial
Personal loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$1,000-$75,000
Rate
i

Effective interest rate on the product

up to 3.75%
Term
i

Loan term for the financial product

up to 60 months

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Calculate loan payments in ATB Financial

ATB Financial calculator will allow you to calculate an approximate payment schedule for the loan

Loan amount
i

Enter the desired loan amount

CAD
CAD
1000 $
75000 $
Loan term
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Specify the loan term for the calculation

months
years
12
60

What to pay attention to when applying for a loan from ATB Financial

  1. The company must have a license if it runs business in Alberta, British Columbia, Manitoba, Ontario and Quebec.
  2. You can check the availability of the relevant license (copy) at the branch of the lending company.
  3. Membership in a self-regulatory organization (SRO) is an additional guarantee of the reliability of the lending company. This information can also be checked at the company's branch or on its official website.
  4. Availability of lending policies.
  5. The procedure for applying for a loan.
  6. The procedure for concluding the loan agreement and receiving the payment schedule.
  7. Other conditions for granting loans.

We recommend

  1. To check out the interest rates and frequency. 
  2. Check the availability of individual terms in the loan agreement (principal amount, term, date of advance, etc.).
  3. Check whether the loan agreement contains information about the total cost of borrowing.
  4. Take time to think – you can change your mind before agreeing or signing a loan agreement.
  5. Speed of loan processing.
  6. Accessibility – alternative lenders often operate where there are no bank branches.
  7. For the borrower - high interest on the loan.
  8. For an investor, the safety of funds is not guaranteed by the state.

What distinguishes ATB Financial from banks:

  1. Simplicity - loan processing is less formalized than in a bank.
  2. Fast loan processing.
  3. Accessibility.
  4. For the borrower - high interest on the loan.
  5. For an investor, the safety of funds is not guaranteed by the state.
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All ATB Financial’s reviews by August 2022
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