Personal loan Interest Rate(Prime (P) = 5.950)
Terms (months) | Fixed rate Less than $10,000 | Fixed rate Less than $10,000 and over | Variable rate Less than $10,000 | Variable rate Less than $10,000 and over |
|---|---|---|---|---|
| 6-12 | 10.900 | 9.650 | P+ 6.500 = 12.450 | P+ 5.000 = 10.950 |
| 13-24 | 11.000 | 9.750 | P+ 6.500 = 12.450 | P+ 5.000 = 10.950 |
| 25-36 | 11.000 | 9.850 | P+ 6.500 = 12.450 | P+ 5.000 = 10.950 |
| 37-48 | 11.200 | 10.000 | P+ 6.500 = 12.450 | P+ 5.000 = 10.950 |
| 49-60 | 11.300 | 10.150 | P+ 6.500 = 12.450 | P+ 5.000 = 10.950 |
Fixed-rate personal loan：The rate remains the same until the end of the term. Perfect if you are looking to: Pay fixed amounts Know exactly how much interest you will pay for the entire loan duration
Variable-rate personal loan：The rate is adjusted monthly based on prime rate fluctuations. Perfect if you are looking to: Save if interest rates go down
1. "Prime" means the annual variable interest rate posted by National Bank from time to time and used by the Bank to determine the interest rates on the demand loans it grants in Canadian dollars in Canada.
Disclaimer: The data of this website is for reference only. For details, please click the link to the official website to view the data.
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