Canadian Debt Repayment Calculator

Note: Your minimum monthly repayment amount is calculated as a percentage of your closing balance, or a minimum dollar amount of your closing balance - whichever is higher. Check your PDSProduct disclosure statement. A document that financial service providers must provide to you when they recommend or offer a financial product. It must include information about the product's key features, fees, commissions, benefits, risks and the complaints handling procedure. and change these amounts if your lender's amounts are different from these defaults.

Minimum repayment of outstanding balance (%): The minimum monthly repayment is usually a percentage of the closing balance. Check your credit card statement. 2% 2.5% 3%

Minimum repayment ($): If your calculated minimum repayment is less that this amount, you will need to pay the lessor of this amount or the closing balance. $5 $10 $15 $20 $25 $30