Loan and Debt Calculators for Canadian Borrowers

This hub helps people who are about to borrow or who already carry debt. It covers the questions that come before signing: what a loan really costs, whether a line of credit beats a fixed loan and how much a small extra payment saves.

Car buyers can start with the car loan calculator, which includes sales tax. Anyone comparing options can put the personal loan calculator beside the line of credit calculator. If a card balance keeps growing, the credit card payoff calculator shows the months and interest left. Homeowners who borrow against their house can look at the HELOC calculator.

Loans that secure your home fall under mortgage rules, so read the Ontario mortgage guide before you borrow against a property.

A few things move the total most. A longer term lowers the payment but adds interest, and fees or insurance can add more. Try the same loan at two terms, then add a small extra payment each month, and watch how the finish date changes.

Payments use standard loan maths with the rate, term and fees you enter, so the rates are yours, not ours. We review the calculators once a year and when lending rules change.

Loan and Debt Calculators for Canadian Borrowers on this site

• Car Loan Calculator Work out a car loan payment with sales tax, down payment and trade-in.
• Personal Loan Calculator Work out a personal loan payment and the total cost of borrowing.
• Credit Card & Debt Payoff Calculator See how long a credit card balance takes to pay off and what extra payments save.
• Line of Credit Calculator See the interest and payoff time on a line of credit.

Every calculator lists its sources. Read how the calculators work and our editorial policy.