Enter the amount you want to borrow, the rate, and the term. You'll see your monthly payment, the total interest over the life of the loan, and a full year-by-year payoff schedule — before you sign anything.
How this works. Personal loans in Canada are typically fixed-rate instalment loans compounded monthly, with equal payments over the term — the math this calculator uses. Your actual rate depends on the lender and your credit profile, and some loans carry origination or insurance fees not shown here. This is an independent tool, not a loan offer or financial advice.