ATB Personal Loans in Edmonton

ATB Financial
Get an ATB loan in Edmonton verified by our specialists. On 23.06.2024 there are 6 options available to you. Increase your chances of getting a loan — fill out an application with a free credit rating check.
Offers: 6
Updated
03.06.2024
09:18
Best Quick Loan Today 23.06.2024*
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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
up to $10.000
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
from 1000.00 C$
Rate
i

Effective interest rate on the product

7.20 – 14.20 %
Term
i

Loan term for the financial product

1 years – 5 years
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
5000.00 – 50000.00 C$
Rate
i

Effective interest rate on the product

from 7.20 %
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
to 5000.00 C$
Rate
i

Effective interest rate on the product

from 7.20 %
Term
i

Loan term for the financial product

1 years – 5 years
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
to 75000.00 C$
Rate
i

Effective interest rate on the product

7.20 – 14.20 %
Term
i

Loan term for the financial product

1 years – 5 years
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
Rate
i

Effective interest rate on the product

7.20 – 14.20 %
Term
i

Loan term for the financial product

to 1 years
How to apply for an ATB Loan? Step-by-Step

Key Features

  1. Flexible Repayment Options. ATB personal loans offer borrowers the flexibility to choose from various repayment schedules, including monthly, semi-monthly, or bi-weekly payments, tailored to their financial needs.

  2. Competitive Interest Rates. Borrowers can benefit from competitive interest rates, paying interest at ATB's prime rate or enjoying lower rates based on their credit history and eligibility.

  3. Debt Consolidation. With ATB personal loans, borrowers can consolidate multiple debts into one manageable monthly payment, simplifying their finances and potentially reducing overall interest costs.

  4. Convenient Application Process. Applying for ATB personal loans is convenient and accessible, with options to apply online or speak with an ATB loan expert in person. Having an ATB chequing account can streamline the process, enabling easy access to funds and facilitating automatic payments for one monthly payment.

How to get an ATB Personal Loan?

Through our website

  1. Find ATB Section. Once you land on the Finanso homepage, locate the search bar or navigate through the menu options to find the section related to ATB Financial.

  2. Select ATB. Click on the ATB section to explore the available options for personal loans offered by ATB Financial.

  3. Click Apply. Within the ATB section, look for the option to apply for a personal loan. This might be labeled as "Apply Now" or something similar. Click on it to proceed with the application process.

  4. Redirect to ATB Website. After clicking on "Apply Now," you will be redirected to the official website of ATB Financial, where you can apply for the personal loan.

  5. Click Get Started. On the ATB website, look for the option to get started with the loan application process. This could be prominently displayed on the homepage or within the personal loans section.

  6. Fill Out Application Form. You will be presented with an application form that needs to be completed. Provide accurate information as requested, including personal details, financial information, and the desired loan amount.

  7. Submit Application. Once you have filled out all the required fields in the application form, review the information to ensure its accuracy. Then, submit the application form to ATB Financial for review and processing.

  8. Follow Up. After submitting your application, you may receive further instructions or be contacted by ATB Financial regarding the status of your application. Be sure to follow up as necessary to complete the loan application process.

Through the bank's website

  1. Visit ATB Website. Open your web browser and go to the official website of ATB Financial by typing "www.atb.com" into the address bar and pressing Enter.

  2. Click on Borrowing. Once you're on the ATB homepage, navigate to the borrowing section. This is typically located in the main menu or may be prominently displayed on the homepage.

  3. Choose Loans. Within the borrowing section, locate and click on the option for loans. This will take you to a page where you can explore the different types of loans offered by ATB Financial.

  4. Select Personal Loans. From the list of loan options, choose "Personal Loans." This will direct you to the page specifically dedicated to personal loan products offered by ATB Financial.

  5. Click Get Started. On the personal loans page, you should see a button or link labeled "Get Started" or "Apply Now." Click on this to initiate the loan application process.

  6. Choose Loan Type. Depending on whether you're applying for an unsecured loan or a secured loan, you will be prompted to select the appropriate option. If applying for an unsecured loan, click "Apply Now." If applying for a secured loan, click "Contact Us" to get in touch with an ATB representative.

  7. Fill out the Online Application. Once you've selected the type of loan you're applying for, you'll be directed to an online application form. Fill out all the required fields with accurate information, including personal details, financial information, and the desired loan amount.

  8. Review and Submit. After completing the application form, take a moment to review all the information you've provided to ensure its accuracy. Once you're satisfied, submit the application electronically through the website.

  9. Follow Up. After submitting your application, you may receive further instructions or be contacted by ATB Financial regarding the status of your application. Be sure to follow up as necessary to complete the loan application process and provide any additional information requested by the bank.

Via mobile app

Unfortunately, at this time, there is no specific information available on how to apply for an ATB Personal Loan through the mobile app. However, you can easily apply for a personal loan through the web version of the ATB website using your mobile device.

To do this, simply open your mobile web browser and navigate to the official ATB Financial website. From there, follow the steps outlined earlier for applying for a personal loan through the website. The website is optimized for mobile use, ensuring a seamless application process from your smartphone or tablet.

While the mobile app may not offer the ability to apply for personal loans directly, accessing the ATB website through your mobile browser provides a convenient alternative for submitting your loan application on the go.

At the bank's office

  1. Schedule an Appointment. Contact your nearest ATB branch to schedule an appointment with a loan officer. This ensures that you'll have dedicated time to discuss your financial needs and complete the loan application process efficiently.

  2. Gather Required Documents. Before your appointment, gather any documents that may be needed for the loan application process. This may include identification documents, proof of income, bank statements, and information about the loan purpose.

  3. Meet with a Loan Officer. Arrive at the ATB branch for your scheduled appointment and meet with a loan officer. They will guide you through the application process, discuss your financial situation, and help determine the best loan option for your needs.

  4. Complete the Application Form. With the assistance of the loan officer, complete the personal loan application form. Provide accurate information about yourself, your financial situation, and the loan amount and terms you're seeking.

  5. Submit Supporting Documents and Await Approval. Once the application form is completed, submit any required supporting documents to the loan officer. The loan officer will then review your application and supporting documents and inform you of the loan decision. If approved, you'll proceed with signing the loan agreement and any additional paperwork required before receiving the funds.

Requirements and Conditions

Requirements

  1. Residency. Be a resident of Alberta, Canada, as ATB Financial primarily serves customers in this province.

  2. Age. Be 18 years of age or older, as you must be legally recognized as an adult to enter into a loan agreement.

  3. Employment and Income. Meet employment and income requirements to demonstrate your ability to repay the loan. This typically involves providing details about your employment status and income level.

  4. Credit Score. Have a good to excellent credit score. ATB Financial considers your creditworthiness when assessing your eligibility for a loan. A higher credit score indicates a lower credit risk, making you more likely to qualify for favorable loan terms.

  5. Social Insurance Number (Optional). While providing your Social Insurance Number (SIN) is optional, it may help ATB Financial verify your identity and assess your creditworthiness more accurately.

  6. Valid Photo ID. Present a valid photo ID such as your driver’s license or passport to confirm your identity.

  7. Proof of Residential Address. Provide documentation that verifies your residential address, such as a utility bill or lease agreement.

  8. Employment Details. Furnish information about your employment, including your employer's name, contact information, and your position within the company.

Conditions

  1. Loan Amount. The specific loan amount offered by ATB Financial is not specified. However, borrowers can typically request loan amounts within a certain range based on their financial needs and creditworthiness.

  2. Loan Term. The loan term for ATB personal loans ranges from 12 to 60 months. This provides borrowers with flexibility in choosing a repayment period that aligns with their financial situation and budget.

  3. APR (Annual Percentage Rate). The Annual Percentage Rate (APR) for ATB personal loans ranges from 7.20% to 14.20%. The APR represents the total cost of borrowing, including interest and any applicable fees, expressed as an annualized percentage of the loan amount.

Important

Keeping your Debt-to-Income (DTI) ratio below 30-40% of your monthly income is crucial. This will help you avoid potential financial problems in the future. Additionally, always assess the necessity and feasibility of taking a loan, ensuring you can comfortably manage its repayment.

How to Choose a Lender

  1. Verify that the lender is registered with the appropriate regulatory authorities in Canada, such as the Financial Consumer Agency of Canada (FCAC), or is licensed to operate in your province.
  2. Check if the lender is a member of reputable industry associations in Canada, such as the Canadian Bankers Association (CBA) or the Canadian Lenders Association (CLA).
  3. Thoroughly review all terms and conditions outlined in your loan agreement. Understand the repayment schedule, interest rates, fees, and any penalties for late payments or defaults.
  4. Ensure that the contract clearly states the annual percentage rate (APR) and the total cost of borrowing, including any administrative fees or additional charges.
  5. Familiarize yourself with your rights regarding loan cancellation or early repayment. Canadian consumers have the right to cancel a loan within two business days after signing the agreement, without penalty.
  6. Research the lender's reputation by checking customer reviews, complaints, and feedback on reputable online platforms, as well as through resources provided by organizations like the Better Business Bureau (BBB).

Methodology

At Finanso, we've carried out a comprehensive analysis of over 70 lenders, assessing them based on 35 different parameters across six key categories: accessibility of loans, customer relations, quality of service, interest rates, and transparency of conditions.

In each category, we carefully considered the most critical factors in selecting a lender. These factors include the interest rates, available loan amounts, minimum credit score, minimum income, application fees, and the speed at which funds are transferred.

At Finanso, we highly value our users, which is why we also focus on the quality of customer service, user reviews, and additional features that can aid our users in making a well-informed decision.

Our ultimate goal is to provide insightful recommendations and expert advice to assist you in selecting a lender that best caters to your specific needs.

Additional Resources