#Credit loan #Credit #loan
Credit loan
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LOAN AND LINE OF CREDIT CALCULATOR
Find out how much you may qualify to borrow
Learn the benefits of a loan or line of credit and tips on how to budget when you borrow money.
Do you want a loan or line of credit?
Let us walk you through each step in the calculator with helpful tips and definitions.
Your approximate minimum monthly payment will be $ dollars. *
Your approximate interest-only monthly payment will be $ dollars. *.
Your approximate payment will be $ dollars *.
Line of credit
Provide your information and we’ll calculate how much you can borrow with a loan or line of credit.
My results
Your approximate payment will be
You’ll pay $ in interest after years .
Term interest is the total interest you pay during the time you have the loan.
Provide your information and we’ll calculate how much you can borrow with a loan or line of credit.
My results
Your approximate minimum monthly payment will be
The minimum payment on most lines of credit is 2% of the balance or $50, whichever amount is greater.
Your approximate interest-only monthly payment will be
With an interest-only payment, none of the payment amount goes toward the original amount borrowed.
Creditor insurance payments
Explore your borrowing options
CIBC Personal Car Loan
With up to 8 years to pay off the loan and the possibility of no down payment, this loan makes it easy to purchase a new or used vehicle.
CIBC Personal Loan
Choose the term of your loan, the frequency of your payments and whether you’d prefer a fixed or variable interest rate.
CIBC Personal Loan (secured)
Get a lower interest rate that’s secured by your home or other assets. Plus, get a higher credit limit for major purchases like renovations or a vacation property.
CIBC RRSP Maximizer Loan
Meet your investment goals by taking advantage of your unused RRSP contributions of $1,000 to $50,000.
CIBC Education Line of Credit
Get help with your post-secondary education costs with a line of credit of $60,000.
CIBC Home Power Plan Line of Credit
Get convenient access to cash and pay interest only on the funds you use.
CIBC Personal Line of Credit
Get flexible access to funds for everyday expenses or big-ticket items, at interest rates lower than most credit cards.
1 Displayed rate does not represent the actual rate you may receive.
* The calculation is based on the information you provide and is for illustrative and general information purposes only and should not be relied upon as specific financial or other advice. Actual results and loan or line of credit payment amounts and repayment schedules may vary. Calculator assumes a constant rate of interest.
** Creditor Insurance for CIBC Personal Lines of Credit, underwritten by The Canada Life Assurance Company (Canada Life) , can help pay off or reduce your balance in the event of death or cover payments in the event of a disability. Choose insurance that meets your needs for your CIBC Personal Lines of Credit to help financially protect against disability or death.
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SOURCE: http://www.cibc.com/en/personal-banking/loans-and-lines-of-credit/calculators/loan-and-line-of-credit.html
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