The above loan estimator is for demonstration purposes only and is not part of the application process. Any estimates generated do not represent approval of your application and the Government of Alberta is not bound by any estimates generated. Applicants must meet all eligibility requirements as prescribed in the Seniors' Home Adaptation and Repair Act and the Seniors' Home Adaptation and Repair Regulation.
The interest rate is subject to change. The interest rate is based on the prime rate at the time of review, which is determined semi-annually on April 1 and October 1, by the Minister of Seniors and Housing in conjunction with the Minister of Treasury Board and Finance.
The Government of Alberta is not liable for any losses or damages arising from any errors or omissions in any information or calculations, or any action or decision made by the reader in reliance on any information or calculations generated by the loan estimator.
This estimator uses the following assumptions:
• A constant interest rate is used over the term of the loan. The actual interest rate may change in April and October. See the seniors home equity loan programs interest rate summary..