Loan Repayment Estimator

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Introduction

The Loan Repayment Estimator can help you estimate the monthly payments you will need to make to repay your Canada Student Loan or other government student loans.

All you need to do is enter the total amount of your loan(s), choose an interest rate option, and decide on the number of monthly payments that you would like to make.

The standard number of payments is 114 if you start your payments 6 months after studies, or 120 if you do not. Payments you make during the six-month non-repayment period will be applied directly to the principal of your loan. You may however, request a longer repayment period of up to 174 months (with the non-repayment period) or 180 months (without) by changing the terms of your loan agreement. Check out Repay a Canada Student Loan - Update payment options for more information.

The Loan Repayment Estimator will display your results at the bottom of the column. You can change and resubmit any of the numbers you enter. If you want to compare different repayment options, enter each set of numbers in its own column and your results will be displayed side by side.

Please enter numbers without spaces or commas (e.g. 15000 or 4.0)

Note:

The information you enter will not be shared, saved, stored in a database, or used for any other reason. For more information please consult our Privacy Policy.

Option 1
Non-repayment period options
Option 2: Compare with a different repayment option
Non-repayment period options
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