Whether it's home renovations, home upgrades, an extra vehicle, or even a much-deserved vacation, sometimes you just don't have the funds available to do what you need, or want, to do. At Alterna, we want to help you achieve your plans and dreams without unnecessary stress. That’s why we offer so many options when it comes to loans, lines of credit, and credit cards. We want you to find a credit solution that’s ideal for your circumstances – made just for you.

Personal Loans

      Enjoy the flexibility of using a loan to purchase a new car, install energy efficient upgrades, take a well-deserved vacation, renovate your home or make other major purchases. Sometimes you don’t have the necessary funds to pay for something that’s important to you. At Alterna we want to help you borrow the money you need, and we want to make sure that the loan or line of credit you choose is just right for you. What’s ideal? Quite simply, you can borrow what you need on terms that are affordable, flexible, and convenient for you.

Features & benefits:
  • Competitive fixed and variable rates
  • Flexible payment options (weekly, biweekly, semi-monthly or monthly)
  • Flexible terms (1 to 5 years in length)
  • Conveniently make payments in-branch or through direct deposit, automatic funds transfer, telephone banking, or online banking
  • Affordable & hassle-free creditor insurance is available with a simple application process

Investment Loans

      Maximize you RRSP if you hven't reached your contribution limit. You can take advantage of the tax benefits today as you save for retirement. Sometimes it pays to borrow to invest. The amount you'll save on taxes could be more than the interest you'll pay on the loan. An Alterna Savings Investment Loan is an ideal way to do just that. We'll be happy to help you choose the option that works best for you. 

Features & benefits:
  • Maximize your RRSP contributions
  • Catch up on RRSP contributions not made in previous years
  • Take advantage of tax benefits now while savings for your retirement
  • The security of a fixed term, or the potential interest savings of a variable term
Regular RRSP / Investment Loan
Speedy RRSP Loan
Credit limit
$5,000 to $100,000
$1,000 to $20,000
1 year to 5 years
1 year or 2 years
Up to 5 years
Up to 2 years
Fixed rate
Fixed rate
Creditor Insurance (CUMIS)
Fully open
Fully open

See how borrowing over a one-year period can get you a tax refund that is much higher than the cost of the interest you pay:

Loan: $3,500
Term: 1 Year
Rate: 6%
Marginal tax rate: 41%
Payment: $302
Cost of borrowing: $114.79
Tax refund: $1,435
Using borrowed money to finance the purchase of securities involves greater risk than using cash resources only. If you borrow money to purchase securities, your responsibility to repay the loan and pay interest as required by its terms remains the same even if the value of your purchase declines. The example is an illustration only. Please speak to one of our advisors to review options for your specific financial needs.

Recreational Vehicles Loans

      Looking to buy a Recreational Vehicle? Alterna offers convenient and flexible convenient and flexible financing solutions that can help you explore the land. 

Maybe you're looking for an easier, cheaper way to set up a summer home without building or buying a cottage. Purchasing an RV, mobile home, or travel trailer might be the way to do it. 

Features & benefits:
  • Amortization of up to 15 years
  • Competitive fixed and variable rates
  • Conveniently make payments in-branch or through direct deposit, automatic funds transfer, telephone banking or online banking
  • Flexible payment options (weekly, biweekly, semi-monthly or monthly)

Contact us to start the conversation. 

Loan Calculator

Our Loan Calculator help to determine the amount you can borrow and what your repayment schedule might be.

    Loan Payment:

    These calculators are made available to you as tools for independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy. All examples are hypothetical and are for illustrative purposes only. Please visit your branch to seek personalized advice from qualified professionals for all personal finance issues.

    Line of Credit

    Get money when you want. 

    Enjoy the convenience of a readily available source of money, browse our selection of Personal, Student and Secured Line of Credit.

    Credit Cards

    We have a credit card to fit your lifestyle. Choose the card that's right for you.

    Finding the right credit card could save you hundreds, if not thousands, of dollars each year. Whether you’re looking for lower fees, more rewards or simply valuable perks, every dollar counts.


    *Approval and credit limit are subject to Alterna’s credit approval criteria.