Khalsa Credit Union (Alberta) Ltd. is by your side at times of need. Loans are available in different forms, for different needs. Contact us with your requirements and we will try to meet the same. Khalsa Credit Union (Alberta) Limited offers flexible options for your every need.

Auto Loans- we can offer up to 7 year amortizations on selected models at competitive rates.

Investment Loans- sometimes it makes sense to borrow for investment purposes; top up your RRSP contributions. Special rates available for RRSP Investment.

Home Equity Loans– make your home equity work for you. You may want to invest in another property or up-grade your home with renovations. Perhaps you would like to do some travelling or purchase a new vehicle. The choice is yours.

All Personal Loans are open loans, meaning no payout penalties. You pay interest only on the amount you owe for the time you owe it. Lump sum payments can be made at any time during the course of the loan.

Line of Credit Loans– may be secured or unsecured. The funds can be drawn down over and over as the credit line is paid down. This may be a good alternative to a high interest credit card.

Authorized Overdraft Protection- offers protection against NSF charges. Funds may be accessed at any time for emergency purposes. Just use your cheque to draw funds.

Payment Options: We offer weekly, biweekly, semi-monthly and monthly payment options on all term loans and mortgages. Choose what’s right for you.



We can customize your mortgage to suit your financial needs and you may choose from the options listed below:

You may choose a conventional mortgage where your down payment is at least 20% of the purchase price (or appraised value, whichever is less) OR your may choose a high ratio mortgage with Canadian Mortgage and Housing Corporation (CMHC) as the insurer.

Visit us for pre-approval, and save time in the buying process.

Fixed Rate- provides you some comfort knowing your payments will remain the same over the course of the mortgage term. One to Five year terms are available.

Variable Rate- the interest rate will fluctuate with the Prime Lending Rate which means that if the prime rate falls your interest cost will be lower, however, if the prime rate increases, your cost will also increase.

Closed Mortgage- rates are generally lower than Open Mortgage rates, however, a closed mortgage cannot be repaid or refinanced without a prepayment penalty imposed. We allow a 15% prepayment option with all Closed Mortgages.

Open Mortgage– suitable for members who may want to sell their property within the next few months. These mortgages give you the ability to pay-out or re-finance the mortgage at any time without penalty.

High Ratio Mortgage– we offer financing up to 95% of value with the aid of a mortgage insurance provider. (CMHC) Home Buyer’s Plan – This plan allows you to draw up to $25,000 from your RRSP’s (Registered Retirement Savings Plan) to use as a down payment on a new or pre-owned home.

Builder’s Mortgage– Build your Dream Home with the assistance of your mortgage specialist at Khalsa Credit Union (Alberta) Limited. We have the expertise to guide you through the construction process.

Pay only interest on mortgage advances during the construction phase. Upon completion of your new home, mortgage payments will commence at the terms and amortization option of your choice.


Letter of Credit – Available for our Commercial Account members.

Visit our Credit Department for all commercial loans and mortgages.

Book an appointment with our Lender or simply call 403-285-0707