{"id":1031984,"date":"2024-03-01T17:16:13","date_gmt":"2024-03-01T22:16:13","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?p=1031984"},"modified":"2026-01-19T19:57:38","modified_gmt":"2026-01-20T00:57:38","slug":"atb-personal-loans-review","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/personal-loans\/atb-personal-loans-review","title":{"rendered":"ATB personal loan and lines of credit review"},"content":{"rendered":"

What is ATB?<\/h3>

ATB Financial is an Alberta-based financial institution that offers a wide range of personal and business banking products to Alberta residents. It is headquartered in Canada, employs over 5,000 people and serves more than 800,000 clients.<\/p>

Is ATB legit?<\/h3>

It is. Founded in 1938, ATB Financial has over $60 billion in assets. It\u2019s a Crown corporation that\u2019s owned by the province of Alberta.<\/p>

ATB Financial has over 280 locations across Alberta and is a member of organizations like Payments Canada and Interac Corp. You can review the regulatory framework ATB operates under on its website<\/a>.<\/p>

Finder Awards<\/h3>In 2023, we completed the Finder: Personal Loan Consumer Satisfaction Awards<\/em> \u2014 an annual ranking of personal loan providers in Canada based on customer satisfaction feedback. In 2024, we completed the Finder: Personal Loans Best-in-Class Awards<\/em>, which recognizes the best personal loan brands in Canada based on our data-driven methodology.
\"Highly<\/div>

Finalist: Best-in-Class<\/h4>

ATB Financial was a finalist in the Best Personal Loan Traditional Lender (Provincial) category in the Finder: Personal Loans Best-in-Class Awards 2024.<\/em><\/p>

Full list of 2024 winners<\/a><\/p><\/div><\/div><\/div>

Features of ATB loans<\/h3>
Feature<\/th>Personal loan<\/th>Personal line of credit<\/th><\/tr><\/thead>
Loan amount<\/strong><\/td>Not specified<\/td>$5,000 - $50,000<\/td><\/tr>
Loan term<\/strong><\/td>1 - 5 years<\/td>Open<\/td><\/tr>
APR<\/strong><\/td>7.20% - 14.20%<\/span><\/td>4.45% + amount that varies based on your financial situation <\/span><\/td><\/tr>
Serviced provinces<\/strong><\/td>AB<\/td>AB<\/td><\/tr>
Eligibility requirements<\/strong><\/td>Employment, income and credit score requirements apply<\/td>Employment, income and credit score requirements apply<\/td><\/tr><\/tbody><\/table>

What are the interest rates of ATB loans and lines of credit?<\/h3>

ATB personal loan interest rates range from 7.20% to 14.20%<\/span>. Rates can be fixed or variable and are based on ATB\u2019s prime rate, with factors such as your credit score, income, employment history and loan amount determining the rate you ultimately get. Learn more about personal loan rates in Canada.<\/a><\/p>

ATB lines of credit come with variable interest rates based on ATB\u2019s prime rate (4.45%<\/span>). You also have the option of qualifying for a lower rate by providing an eligible asset as collateral for your loan or line of credit. Learn more about line of credit rates.<\/a><\/p>

What we like about ATB loans<\/h3>
  • Competitive rates.<\/strong> APRs of ATB personal loans start at 7.2%.<\/li>
  • Secured or unsecured.<\/strong> While unsecured loans and lines of credit are available, you can also secure your loan or line of credit with an asset to qualify for a lower interest rate.<\/li>
  • Fixed or variable rate loans.<\/strong> Choose the security of a fixed rate or the flexibility of a variable rate with an ATB personal loan.<\/li>
  • Flexible repayment schedule.<\/strong> With an ATB personal loan, you can make monthly, semi-monthly, bi-weekly or weekly payments. If you have a line of credit, you only pay interest on the amount used.<\/li>
  • Early repayment allowed.<\/strong> Make extra payments towards an ATB unsecured personal loan any time, and pay it off early without penalty.<\/li>
  • Easy online application.<\/strong> It\u2019s quick and easy to apply for an unsecured loan online.<\/li><\/ul>

    What to watch out for<\/h3>
    • Only for AB residents.<\/strong> ATB Financial loans and lines of credit are only available to residents of AB.<\/li>
    • Not suitable for bad credit borrowers.<\/strong> You\u2019ll likely find it difficult to qualify for an ATB loan if you don\u2019t have good to excellent credit.<\/li>
    • Negative customer reviews.<\/strong> Some customers report issues with poor customer service.<\/li><\/ul>

      Alternatives to ATB personal loans<\/h3>