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Borrowing
Overview
A variety of options to fit your every need.
Whether you’re looking to renovate your home, buy a new car or cover the cost of a much-deserved vacation, we can help you achieve your plans and dreams. We offer competitive rates on a variety of loans, lines of credit* and credit cards, so you can find the right solution for your specific needs.
Choose the option that's right for you
Personal Loan
A flexible loan for a major purchase like a home reno or a car.
Features and Benefits:
- Fixed or variable rates
- Weekly, biweekly, semi-monthly or monthly payments
- Flexible terms (1 to 5 years)
- Payments via direct deposit, automatic funds transfer, or telephone or online banking
Investment Loan
A lump sum to help you maximize your RRSP contributions.
Features and Benefits:
- Maximize your RRSP or catch up on missed contributions
- Benefit from a tax deduction on your contribution today
- Allows your investments more time to grow tax-free
- Fixed or variable terms
Outdoor Adventure Loan
Flexible financing to buy an RV, motor home or trailer.
Features and Benefits:
- Fixed or variable rates
- Weekly, biweekly, semi-monthly or monthly payments
- Payments via direct deposit, automatic funds transfer, or telephone banking or online banking
- Terms of up to 15 years
Personal Line of Credit
Access funds quickly and only pay interest on what you borrow.
Features and Benefits:
- Finance a major purchase or just be ready for the unexpected
- Flexible payment options, including interest-only
- Credit lines from as low as $5,000
- Low variable interest rate
Secured Line of Credit
Leverage your home equity to access funds at a lower rate.
Features and Benefits:
- Great for larger projects such as home renovations
- Flexible payment options, including interest-only
- Credit lines from as low as $5,000
- Low variable interest rate
Student Line of Credit
An easy solution to help cover tuition, books and rent.
Features and benefits:
- Access up to $10,000 per year ($40,000 over four years of study)*
- Interest-only payments while in school and up to a year after graduation
- Low variable interest rate
Investment Line of Credit
A line of credit to buy investments through Alterna or Qtrade.
Features and benefits:
- Revolving line allows you to draw funds as needed
- Can help maintain recurring deposits to investment accounts
- Flexible repayment options, including interest-only
- Credit lines from as low as $5,000
Contact us today and we can help you pick the right option for your needs.
or call us at 1.877.560.0100
Loan Calculator
Use our Loan Calculator to help determine how much you can borrow and what your repayment schedule might be.
Articles

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How much do you know about credit cards?
Are you getting the most out of your credit card? These tips can help enjoy the perks while avoiding hefty interest charges.

How to use your line of credit
A line of credit acts as a preset borrowing limit. It provides you with the flexibility to access extra money quickly when you need it.
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Credit Cards
We have a credit card to fit your lifestyle. Whether you’re looking for valuable reward points, unique partner benefits or simply lower fees, you can choose the card that's right for you.

Investment Overview
Long Term savings. Short Term. Fixed. There are so many ways to invest and save, it can seem overwhelming. No need to stress, we’re here to help.

Mortgage
Whether you’re looking to buy a home, searching for a better mortgage rate or renew an existing mortgage, we have the right solution for your particular needs.

Chequing Account
Find a smarter way to make your money work for you. Alterna has a banking package to suit your every need.
Creditor Insurance
Protect your loved ones and gain peace of mind. Our payment protection† benefit ensures your financial obligations will be met if you experience disability, critical illness or job loss, or in the event of your death.
Creditor insurance is available for the following products in the event of death, disability, and critical illness:
- Mortgages
- Personal loans
- Lines of Credit
Furthermore, creditor insurance is also available for the following products in the event of job loss:
- Mortgages
How can we help?
*Approval and credit limit are subject to Alterna’s credit approval criteria.
†Payment Protection Legal Disclaimer:
Creditor’s group insurance coverage is optional and is underwritten by Co-operators Life Insurance Company. Supporting services, such as enrollment intake, medical underwriting and claims administration are provided by the employees of CUMIS Services Incorporated. Coverage is governed by the terms and conditions of the creditor’s group insurance policy issued to the creditor and is subject to terms, conditions, exclusions and eligibility requirements. See the Product Guide and Certificate of Insurance for full coverage details.
Your financial well-being comes first
Welcome to a better way to bank. Our knowledgeable team puts your financial well-being first with good, caring and transparent advice while offering all the products and services you need.
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