This Loan Calculator assumes the following:

Interest on the loan is calculated each payment period using the outstanding balance. Per period, the rate is determined by dividing the annual interest rate by the number of payments made each year.
Calculator assumes a constant rate of interest. This calculator cannot be used to calculate payments for a variable rate loan.
Loan fees may apply - check with branch for details.

Vancity does not make any express or implied warranties or representations with respect to any information or results in connection with this calculator. Vancity will not be liable for any losses or damages arising from any errors or omissions in any information or results, or any action or decision made by you in reliance on any information or results.

This calculator is made available to you as a tool for independent use and is not intended to provide investment advice. We cannot and do not guarantee its applicability or accuracy. All examples are hypothetical and are for illustrative purposes only. We encourage you to consult a Vancity wealth management professionals to review your investment objectives and make recommendations that fit your needs.