Borrowing solutions for specific goals.
At Alterna, we take the stress out of obtaining a loan. We understand you don’t always have the money you need when you need it. That’s why we offer so many options when it comes to loans, lines of credit and credit cards. We want to help you to find a credit solution that’s ideal for your personal situation – one that’s made just for you.
Looking to purchase a new car, install energy efficient upgrades, take a well-deserved vacation, renovate your home or make other major purchases? At Alterna, we want to help you borrow the money you need, and we’re dedicated to making sure the loan or line of credit you choose is just right for you. Quite simply, we can help you borrow what you need on terms that are affordable, flexible and convenient for you.
Features and Benefits:
Sometimes it pays to borrow to invest. Maybe you haven’t enough funds on hand to contribute the maximum to your RRSP. With an Alterna investment loan you can take advantage of the tax benefits today as you build your savings for retirement. The amount you save on taxes could be more than the interest you’ll pay on the loan. Contact us today and we'll be happy to help you choose the option that works best for you.
Features and Benefits:
RRSP Loan Details
Regular RRSP/Investment loan
$5,000 to $100,000
1 to 5 years
Up to 5 years
See how borrowing over a one-year period to contribute to your RRSP may get you a tax refund that is much higher than the cost of the interest you pay:
RRSP Loan Example
Marginal tax rate
Cost of borrowing
This example is an illustration only. 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. Please speak to one of our advisors to review options for your specific financial needs.
Outdoor Adventure Loan
Looking to buy a recreational vehicle (RV)? Alterna offers convenient and flexible financing solutions to help get you on the road. Whether you want to explore the land or fund the purchase of a motor home, an Outdoor Adventure loan can provide you with the funds you need.
Features and Benefits:
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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.
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.
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.
Find a smarter way to make your money work for you. Alterna has a banking package to suit your every need.
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:
Furthermore, creditor insurance is also available for the following products in the event of job loss:
How can we help?
†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.