Customized financing—because your goals are worth it.
Your goals
A major purchase, a once-in-a-lifetime experience, or maybe just to reduce your interest payments and consolidate your debt.
Your interests
With the help of our personal banking specialists, you can choose between a variable or a fixed interest rate, depending on your needs.
Your time
Choose a repayment schedule that works for you from 1 year to a maximum of 5 years. Prepay, increase your payments or repay in full at any time with no penalty.
Your options
Securing your loan with eligible personal property or investments may help you qualify for a larger amount or help you save money through a lower interest rate.
Key product details
| Interest rate | Fixed or variable, based on ATB's prime rate, ranging from 7.20%-14.20%1 |
| Repayment term | 1-5 years |
| Early repayment | In full at anytime, no penalty |
As an example, a $20,000 loan with an interest rate of 7.20% for a 5 year term has monthly payments of $397.91 with total interest paid $3,874.83 and for a total of $23,874.83.
Frequently Asked Questions
Yes, you can switch between fixed or variable interest rates on your personal loan at any time without penalty.
When the variable interest rate rises or falls, your payments will likely stay the same, but your amortization term will increase or decrease respectively. That means if the variable interest rate falls, you could pay off your loan sooner. The opposite would be true if the variable interest rate rises.
Yes, you can pay off your personal loan in full without any penalty.
In addition to unsecured loans, you have the option to place a security (i.e. collateral) for the loan that will help you qualify for a larger amount, or save money through a lower interest rate. This collateral can be in the form of personal property, investments or other eligible securities. An ATB loan expert can help you determine the eligibility of a security. Learn more about personal loans.
Ready to get started?
Your goals are unique, not one-size-fits-all. With an unsecured Personal Loan, you can achieve your goals in the way that makes sense for you.
Apply online or call 1-800-332-8383 to speak with an ATB loan expert.
Find the loan that's right for you.
Finance your life now
Personal Loan
A new truck. A pilgrimage. A pet project. Debt consolidation. Whatever your goal, we're here to help you achieve it.
Borrow for the future
Investment Express Loan
Don't have the cash to take advantage of your RRSP contribution limit? Let us help you decide if you should borrow to invest.
Borrow to maximize your RRSP
RRSP Max-It® Loan
Need to borrow to catch up on your unused RRSP contributions from past years? Get up to $75,000 with flexible interest rates.
Finance Alberta's future agriculturalists
4-H Loan Program
Through 4-H, today's youth become tomorrow's leaders. A 4-H loan helps members buy livestock or finance approved projects.
Peace of mind
Loan Protection
Take comfort in knowing the balance of your loan and line of credit is covered in the event of disability or death.
The interest rate for a loan can vary based on many factors including the type and size of loan and your credit history. The Annual Percentage Rate is the same as the interest rate.
Related documents: Loan Agreement Terms and Conditions (PDF)
Based on approved credit.