Alterfina – Apply for a Loan
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Notice: This lender is no longer available
Installment loan capped at the 35% federal criminal interest rate.
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Contact Information
Company
Alterfina
Website
https://www.alterfina.ca
Alterfina – Repayment Schedule
Estimated monthly payments at APR 19.00%. Actual payment is determined at loan approval.
| Amount \ Term | 12 mo. | 24 mo. | 36 mo. |
|---|---|---|---|
| $1,000 CAD | $92.16 | $50.41 | $36.66 |
| $2,000 CAD | $184.31 | $100.82 | $73.31 |
| $3,000 CAD | $276.47 | $151.23 | $109.97 |
| $4,000 CAD | $368.63 | $201.63 | $146.62 |
| $5,000 CAD | $460.78 | $252.04 | $183.28 |
Representative Example
Loan Amount
$2,650 CAD
Repayment Term
36 months
APR
19.00%
Monthly Payment
$97.14
Total Interest Cost
$846.98
Total Amount Payable
$3,496.98
* This example is for illustrative purposes. APR includes the interest rate and any applicable fees. Actual terms are determined upon signing the loan agreement.
Quick Overview
Loan Amount
$300 CAD – $5,000 CAD
Term
6 – 36 months
APR from
19.00%
Approval
24-48 hours
Eligible Age
18+ years
Online Application
Yes
Eligibility Requirements
- ✓ Canadian resident, age 18+
- ✓ Regular verifiable income
- ✓ Active bank account
- ✓ Minimum income threshold
Loan Features
- Credit-building installment loans
- Reports to credit bureaus
- Alternative-data approval
- Fixed monthly payments