Amortizing Loan Calculator (Canadian)

This calculator can find out either the loan amount or the amount to be paid as installments by utilizing our Amortizing Loan Calculator. What you need to do is input the loan amount, number of payments, interest rate, and payment type as required for that particular calculation. You can choose three different payment types including per week, biweekly, and per month.
Loan amount
The amount of money approved as loan.
Amount of payment on each installment considering the number of payments.
Interest rate
Annual rate of interest to be paid for the loan. This annual rate is converted to weekly, bi-weekly, and monthly rate as per your chosen type of payment.
Number of payments
Total number of payments or installments to completely payoff the loan.
Payment frequency
Using ACalculator you can choose the type of payment appropriate for you. From the drop-down menu under ‘Payments are made’, select the option that fits you. There are three options including weekly, bi-weekly, and monthly payments.
Interest paid
Total amount of money that will be paid as interest of the loan. ACalculator assumes that there will be no prepayments and all this outflows are made according to payment schedule.
Total payments
This is the amount of money that will be paid as interest and principal. ACalculator assumes that you will make no prepayments and all this outflows will be made according to the payment schedule.