A Reader Service
Personal loan calculator.
Adjust the amount, term, and estimated rate. The numbers update as you move the sliders. No email required. No credit check. No data saved.
$25,000
100050000
60 months (5 years)
684
9.50%
330
Estimated
Monthly payment
$525.05
Total interest
$6,502.79
Total cost
$31,502.79
Estimates only. Actual rates and terms depend on lender criteria and your situation. Use this as a starting point, not a quote.
How rates are typically set
A personal-loan rate is the sum of two components: a base rate the lender doesn’t control (typically the prime rate or a derivative of the Bank of Canada policy rate), and a risk premium specific to you. The premium reflects your credit score, debt-to-income ratio, employment stability, and the loan characteristics. The base rate is the same across lenders. The premium varies by lender.