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How to use our "How much can I borrow?" calculator

See if a loan is right for you.

Trying to decide if a loan is right for you? If you're not sure how much you'd be able to borrow try our "How much can I borrow?" calculator. It's one of the tools we've created to help you decide if a personal loan is right for you.

Here's how our "How much can I borrow?" calculator works:

1. Select why you're considering a loan. Are you looking to cover unexpected expenses? Thinking about consolidating debt? If you're not sure or don't feel comfortable providing a reason, no problem — it won't affect the rest of the calculations.

2. Estimate your monthly household income (before tax). Make sure to include all income sources to get an accurate idea of your monthly budget.

3. Indicate your monthly expenses, including other loan or debt payments

4. Consider securing your loan. If you secure your loan with the equity in your home, you may qualify for a lower interest rate and a larger loan amount. Check out our personal loans for homeowners' page.

5. Indicate your borrowing history (fair, good or excellent) — this information relates to how much you could qualify to borrow

6. Select your loan term (how long you'd like to take to pay back your loan). Do you want to pay off your loan quickly with a shorter term or do you need a longer term with a lower loan payment amount?

When you're ready, hit "submit" to find out how much you could borrow. Watch it go up or down as you change different elements — try out different loan terms and see what would happen if you secured your loan. Play around with the tool until you have a good idea of how much you want to borrow. 

To learn more about our loan products, visit our loan solutions page.

*The loan amount calculated is an estimate only and does not include insurance costs or optional products, which you may choose to add on to your loan product. To get a more accurate understanding of your payment amount, submit a loan application online, by phone or in your branch.