Personal Loan
When you need to borrow over the short term, it’s helpful to know what you’re committing to up front. Enter your desired payment and number of payments, select the Weekly, Bi-weekly or Monthly option in the “Payments are made” field - and let us calculate your loan amount. Or, enter the loan amount and we will calculate your payment. You can then examine your principal balances by payment, total of all payments made, and total interest paid. Press the “View Report” button to see a payment schedule.
Find out how one of our Consultants can show you how you can pay down your debt faster, saving you both time and money with our Solutions BankingTM All-in-OneTM financing options.
Contact your nearest Investors Group Consultant to find out how The PlanTM can help you fulfill your goals for life.
Definitions
- Payment
- Payment for the frequency of this loan.
- Loan amount
- Total amount of your loan.
- Payments are made
- Select the Weekly, Bi-weekly or Monthly option in the “Payments are made” field for the payment frequency for this loan.
- Number of payments
- Total number of payments for this loan.
- Interest rate
- Annual interest rate for this loan. Interest for this loan is calculated each period on your current outstanding balance. The interest rate per period is calculated by dividing the annual interest rate by the number of payments made each year.
*Assumptions: Interest is compounded monthly.
Banking products and services are distributed through Solutions BankingTM. Solutions Banking products and services are provided by National Bank of Canada.
TM Solutions Banking is a trademark of Power Financial Corporation. Investors Group and design are trademarks owned by IGM Financial Inc. and licensed to its subsidiary corporations. National Bank of Canada is a licensed user of these trademarks.
Information and interactive calculators are made available to you as illustrative tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
