Personal Loan Calculator

Use our personal loan calculator to help you with reviewing monthly payments based on amount borrowed and interest rates.

Note that the personal loan calculator is an estimate and that rates and fees vary by lender.

Using the above calculator can allow you to see how the loan amount and interest is paid over time.

To use the loan calculator above, simply fill in the fields for amount, loan term, interest rate.

Note that this would not include any additional costs like origination fees or similar.

You may also be interested to learn how to calculate loan interest, choosing a long or short term loan and what to know when applying for loans.

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Disclaimer: GoodCheddar is a loan comparison website, not a lender. GoodCheddar works with financial service providers that adhere to Canadian laws and regulations. For complete and current information on any specific product, please visit the merchant website. While GoodCheddar is independent, we may receive compensation for featured placement of their products or services from our partners, or if you click on certain links posted on our website. This compensation may impact how, where and in what order products appear. We endeavour to ensure that any information provided on this website is current and accurate, but it is your responsibility to confirm any information with the product or service provider and read the information they can provide. If you are unsure you should get independent advice before you apply for any product or commit to any plan. This site is directed at, and made available to, persons in Canada.