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.
