Alterfina offers online loans ranging from $500 to $2,500, with repayment terms between 98 and 210 days. To apply, simply select your desired amount and term, then click the ‘Apply’ button. Eligibility criteria include being at least 18 years old, residing in Quebec, having stable employment for at least three months, possessing an active Canadian bank account, earning a minimum of $1,500 monthly, and not being in bankruptcy. For instance, a $500 loan with a term of 92 days would result in a total payment of $747, including a fee of $247.
Alterfina review
Alterfina is a financial platform that offers online loans ranging from $500 to $2,500. The repayment period for these loans varies between 98 to 210 days, providing flexibility to borrowers based on their financial needs and repayment capabilities.
Applying for a loan with Alterfina is a straightforward process. Prospective borrowers simply need to select their desired loan amount and term, then click the ‘Apply’ button to initiate the application process.
However, Alterfina has certain conditions that applicants must meet to be eligible for a loan. These include being at least 18 years old, residing in Quebec, having a stable job for at least three months, maintaining an active bank account in Canada, earning a minimum of $1,500 per month, and not being in bankruptcy.
To provide a clearer picture of the repayment structure, consider this example: if you borrow $500 for a term of 92 days, you will be charged a fee of $247. This means your total repayment amount will be $747.
In summary, Alterfina offers a convenient and flexible loan service, with a focus on online loans up to $2,500. However, it’s important to carefully consider the fees and terms before applying.
Table of repayments
| Amount | Fee | Total payment | Term |
| $500 | $247 | $747 | 92 days |
If you will get the loan of $500 with the term of 92 days, your totally payment would be $747. The fee is $247.