Amortizing Loan Calculator

Simply enter your desired loan amount, how long you want to pay off the loan (“Number of payments”), and select a payment frequency of Weekly, Bi-weekly or Monthly. The calculator will then show you your payment and how much you’ll pay in interest. Or, you can enter in monthly payment you can afford and the calculator will figure out your loan amount. Press the “View Report” button to see a complete payment schedule.

Note: For “Number of payments,” common lengths of time to pay off a loan are 2, 3, 4, and 5 years. These would be 24, 36, 48, and 60 months or payments.

Credit Counselling Society

Interactive calculators and information are made available to you as self-help tools for your independent use and are not intended to provide financial advice. We cannot and do not guarantee their applicability or accuracy in regards to your specific situation. All examples are hypothetical and are for illustrative purposes. We would encourage you to seek personalized guidance from qualified professionals regarding all personal finance issues. If you would like to speak with one of our credit counsellors about how to deal with your debt, feel free to call us at 1-888-527-8999.