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Financial support for all the milestones in your life

Obtaining a loan from the bank can be a difficult and lengthy process with lots of ‘hoops’ to jump through to meet the banks stringent lending criteria. If you are retired with a limited income or are collecting payments from a public or private pension plan, getting a loan from the banks can be even more difficult as they may deem the pension income insufficient to support the new debt payments. Fortunately, there is a lender that can provide you with a loan regardless of your credit, age or income – since 1969, Alpine Credits has been Canada’s home equity lender that has helped many retirees obtain the financing they need for their retirement or family needs.

Get easy access to funds while protecting your nest egg

Retired individuals or pensioners

Unlike banks, we don’t require you to submit multiple documents for your loan application. The only requirement is that you own your home.

We know how important it is to make timely financial decisions. We can approve your application in less than 24 hours and get the money transferred to your account within a week.

Save time with our simple online application. It only takes 2 minutes to complete.

Homeowners get approved in less than 24 hours

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Apply online in minutes

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Get approved in less than 24 hours

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Funds are deposited directly into your account within a week.

Apply now

See how Alpine Credits compares

With extra time on your hands, you may want to do things you didn’t have time to do
before, or help family with life milestones. See how a home equity loan from Alpine Credits compares to other borrowing options.

Savings

Keeping your money in savings and investments can earn you more money in the long run so you can live comfortably throughout your retirement years.

Traditional banks

Banks have stringent loan approval criteria. Age and limited income are particular factors that could make it difficult to get approved for a loan.

Borrow from retirement plan

Most experts advise against borrowing against your retirement funds. Doing so may adversely affect your savings and the income you count on in retirement.

Approved-stamp

Own your home? You’re approved.

All you need to qualify for a loan is to own your home (or other real estate). Traditional banks look at factors such as your age, income, and credit history to approve you for a loan. At Alpine Credits, we focus on the amount of equity you have in your home or other real estate properties. We make the process as quick and easy as possible.

Apply now

Frequently asked questions

If you are retired and want to get a loan for a financial need in your life, you might be wondering if it is possible to get a home equity loan. Equity is the difference between what your home is worth and how much you still owe on it. A home equity loan is a loan that uses the equity in your home as collateral.

If you are retired on a fixed income or taking payments from a government or private pension plan, getting a loan from the banks may be far more difficult since they might consider your pension earnings insufficient to cover the new debt obligations. Fortunately, Alpine Credits offers home equity loans to retirees, even those who are on a fixed income or pension payments, so you can get a home equity loan if you are retired.

You can qualify for a loan if you are tired, thanks to Alpine Credits home equity loans. Alpine Credits has been a leader in the commercial lending industry for over 50 years. We’re here to assist Canadian homeowners to obtain home equity loans when they require them. Homeowners with equity are accepted regardless of their credit score, age, or financial status.

The answer to this question is not a simple yes or no. Because pensioners have a regular, fixed income, some banks may be more likely to offer them a loan. Other banks may be hesitant to offer a pensioner a loan because their income is not as stable as someone who is employed. However, Alpine Credits offers home equity loans to pensioners, so you can still get a loan if you are retired and on a fixed income.

**The above chart entitled “Monthly Loan Payments on $35,000” is for discussion purposes only. The graph is intended to illustrate various monthly payments associated with different product offerings to the reader. Please see below for the unique terms and conditions related to each offering. Final rates and payments for all loans in question are subject to change and vary based on each individual’s situation.
Bank Loans: $35,000 interest-only loan with fixed rate prime (2.95%) + 3% / monthly payment. Two-year term in which 100% of principal is owed at the end of the term. Other fees (appraisal/legal) may apply.
Alpine Credits 1st Mortgage: $40,500 (net $35,000) interest-only loan with 5.75% interest rate in year one and prime + 4.00% in year two. Two-year term in which 100% of principal is owed at the end of the term. Monthly payment and APR associated closing costs (legal fees, appraisal, brokerage fees).
Alpine Credits 2nd Mortgage: $40,500 (net $35,000) interest-only loan with 8.75% interest rate in year one and prime + 6.05% in year two. Two-year term in which 100% of principal is owed at the end of the term. Monthly payment and APR associated closing costs (legal fees, appraisal, brokerage fees).
Credit Cards: $35,000 loan paid off in 5 year & monthly PMT. 19.99% interest rate & fee of primary and secondary user ($99 + 30$ = $129 Yearly).
Online Loan 1: $35,000 loan paid off in 46 Months/Bi-weekly PMT with a 26.90% interest rate. Loan details have been taken directly from the online lending company’s website. Other fees may apply.
Online Loan 2: $35,000 loan paid off in 4 Years/Bi-weekly PMT. Loan details have been taken directly from the online lending company’s website. Other fees may apply.