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Calculate Car Loan Repayments

Calculate your monthly car loan repayments and apply with Canadian lenders

Emma Balmforth

Updated Mar 31, 2021

Fact checked

Your loan
Loan amount
$
Loan terms (in years)

Interest rate
%

Calculate

Fill out the form and click on “Calculate” to see your estimated monthly payment.

Compare car loans now

You can expect to pay back $ per month

Based on your loan terms

Principal	$
Interest	$
Total Cost	$

How to use this car loan monthly payment calculator

Enter the amount you want to borrow to buy a new car under Loan amount. This might not be the same as the cost of your car, since many lenders require a down payment.
Write the amount of time you have to pay off your car loan under Loan terms (in years). If your loan term is in months, divide it by 12 first.
Enter the interest rate you expect to pay on a car loan under Interest rate. If your car loan comes with fees, enter the annual percentage rate (APR) instead.
Click Calculate.

In addition to your monthly payment, this calculator shows how much you’d pay on your loan’s principle amount and how much you’d pay overall in interest. The principle amount is the amount that you borrowed and should be equal to your loan amount. Total interest is the amount you would pay on top of the principle — the cost of having your loan.

Compare online car loan lenders

1 - 5 of 5

Name	Loan Amount	Interest Rate	Loan Term	Min. Credit Score	Requirements
CarsFast Car Loans	$500 - $75,000	4.90% - 29.90%	12 - 96 months	300	Min. income of $2,000 /month, 3+ months employed	Get a new or used vehicle delivered to your door. Browse thousands of vehicles from dealers across Canada and get matched with financing that meets your needs.	Go to site More Info	Compare	loading Fetching your data...
Clutch Car Loans	$7,500 - No Max.	From 3.90%	12-96 months	580	3+ months employed, Max.1 bankruptcy	Pre-qualify for a loan in under 2 minutes with no impact to your credit score. Get approved for financing in under 24 hours for the used car you want. No hidden fees. Get the vehicle delivered to your door.	Go to site More Info	Compare	loading Fetching your data...
Loans Canada Car Loans	$500 - $35,000	0% - 31.99%	24 - 120 months	300	Min. income of $1,800 /month, 3+ months employed	Compare rates from 60+ lenders. Complete a single application to get quotes from different lenders. Bad credit, CERB and EI borrowers considered. 0% APR for new cars only, used car rates start at 7.99%.	Go to site More Info	Compare	loading Fetching your data...
Coast Capital Car Loan	$10,000 - No Max.	Varies	18 - 84 months	650	Able to service debt payment of $300/month	Competitive rates and flexible terms. Finance new and used vehicles from one of Canada's largest credit unions. No credit union membership required. Available across Canada except SK, QC, NT, NU, YT.	Go to site More Info	Compare	loading Fetching your data...
Canada Drives Car Loans	$7,500 - $99,999	4.75% - 29.99%	12-84 months	400	Min. income of $1,800 /month	Buy a used car online and get it delivered to your door in under 24 hours. Get pre-approved for financing in 3 minutes with no impact to your credit score. No fees or penalties for early loan repayment.	Go to site More Info	Compare	loading Fetching your data...

Compare up to 4 providers

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Emma Balmforth

Emma Balmforth is a producer at Finder. She is passionate about helping people make financial decisions that will benefit them now and in the future. She has written for a variety of publications including World Nomads, Trek Effect and Uncharted. Emma has a degree in Business and Psychology from the University of Waterloo. She enjoys backpacking, reading and taking long hikes and road trips with her adventurous dog.

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Calculate Car Loan Repayments

Calculate your monthly car loan repayments and apply with Canadian lenders

Car loan monthly calculator

Fill out the form and click on “Calculate” to see your estimated monthly payment.

Based on your loan terms

How to use this car loan monthly payment calculator

Compare online car loan lenders

Compare up to 4 providers

Emma Balmforth

More guides on Finder

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