loan & car payment calculator
Monthly payment · total interest · Canada & USA · any loan type
Estimates only. Actual rates vary by lender, credit score and province. Does not include taxes, registration fees, insurance or dealer fees. Consult your lender for exact terms.
Car loan rates — Canada 2026
Rates by credit score
Excellent (750+)5.5 – 7.0%
Good (680–749)7.0 – 10.0%
Fair (620–679)10.0 – 15.0%
Poor (below 620)15.0 – 29.9%
Dealer 0% financing0% (limited)
Quick reference — 5yr payments
Loan
@ 7%
@ 10%
$15,000
$297/mo
$319/mo
$25,000
$495/mo
$531/mo
$35,000
$693/mo
$743/mo
$50,000
$990/mo
$1,062/mo
$75,000
$1,485/mo
$1,594/mo
Tips to reduce your loan cost
A larger down payment reduces both your monthly payment and total interest. Every extra $1,000 down on a 7% loan saves roughly $140 in interest over 5 years. Shorter terms mean higher payments but dramatically less interest overall.
Shorter term saves significantly
Term
Payment
Interest
3 yr
$776/mo
$794
5 yr
$495/mo
$2,700
7 yr
$376/mo
$5,672
Based on $25,000 at 7% interest.