Loan Payment Calculator
Free Canadian loan payment calculator. Enter an amount, rate and term to see your monthly payment, total interest and total repaid. Runs in your browser.
Open calculator →Free Canadian loan calculators
Every calculator runs entirely in your browser. Nothing you type is sent to a server. The formulas are documented on each page so you can check the maths yourself.
Loan Total Cost Calculator
Work out the total cost of credit on a Canadian loan: interest plus fees. See the total repaid and the cost as a percentage of the amount borrowed.
Open calculator →APR Calculator
Convert a quoted interest rate plus fees into a true annual percentage rate. See how fees raise the real cost of a Canadian loan.
Open calculator →Payday Loan Cost Calculator
See what a payday loan costs under the federal $14 per $100 cap. Calculate the cost of borrowing, total repayment and effective APR for any term.
Open calculator →Bi-Weekly vs Monthly Calculator
Compare accelerated bi-weekly payments with monthly payments. See the interest saved and the time taken off your loan or mortgage.
Open calculator →Car Loan Calculator
Calculate your Canadian car loan payment from the vehicle price, down payment, trade-in, rate and term. See total interest and loan-to-value.
Open calculator →Business Loan Calculator
Calculate the monthly repayment and total interest on a Canadian business loan or working capital facility, including annual debt service.
Open calculator →Debt Consolidation Calculator
Compare the interest you pay on your current debts with a consolidation loan. See the estimated interest saved and the new monthly payment.
Open calculator →Credit Utilization Calculator
Calculate your credit utilization ratio and see how much you need to pay down to reach 30% or 10% utilization on your revolving credit.
Open calculator →Mortgage Payment Calculator
Calculate your Canadian mortgage payment from the home price, down payment, rate and amortization. See total interest and total repaid.
Open calculator →Mortgage Affordability Calculator
Estimate the maximum home price you may qualify for using the federal stress test and common GDS and TDS guidelines.
Open calculator →HELOC Calculator
Estimate the home equity available to you and how much room a home equity line of credit may provide at common loan-to-value limits.
Open calculator →Extra Payment Calculator
See how much interest you save and how much sooner you clear a loan or mortgage by paying extra each month. Free Canadian calculator, runs in your browser.
Open calculator →Loan Comparison Calculator
Compare two loan offers side by side on total cost of credit, monthly payment and APR. Free Canadian calculator that runs entirely in your browser.
Open calculator →Debt Payoff Calculator
Work out how long it takes to clear a debt and what it costs in interest at your current payment. Free Canadian calculator, nothing is sent to a server.
Open calculator →Car Loan Affordability Calculator
Work out how much car you can afford based on your income, existing debts and down payment. Free Canadian auto financing calculator.
Open calculator →Important legal information
Promissory.ca is not a lender, bank, mortgage broker or credit counsellor. We do not make lending decisions and we do not charge you a fee to use this service.
Submitting an application does not guarantee approval. All applications, rates and terms are set and approved solely by the individual lender or licensed professional.
Rates, fees and loan amounts vary by lender, province, loan type and your credit profile. Advertised rates are the lender's lowest offered rate and may not be available to you.
Lenders may perform a credit check with one or more credit bureaus, including Equifax and TransUnion. A hard credit inquiry may affect your credit score.
There is no obligation to accept any offer presented to you. Review every agreement carefully before signing.
Borrow only what you can reasonably afford to repay. Late or missed payments may result in additional fees, collection activity and negative credit reporting.
We handle personal information in accordance with the Personal Information Protection and Electronic Documents Act (PIPEDA). See our Privacy Policy for how we collect, use and protect your information.
If you are struggling with debt, consider contacting a non-profit credit counselling service or a Licensed Insolvency Trustee before borrowing more.