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B2B Bank loan calculator

B2B Bank loan calculator online in Canada in 2022. How to figure out the loan yourself? A handy tool that will show whether you can pay off a loan, help you choose lending with affordable payments.

Your city
Bank
Scotiabank Scotiabank
Canadian Imperial Bank Of Commerce (CIBC) Canadian Imperial Bank Of Commerce (CIBC)
Bank of Montreal Bank of Montreal
HSBC HSBC
ATB Financial ATB Financial
National Bank Of Canada National Bank Of Canada
Capital One Capital One
Tangerine Bank Tangerine Bank
Simplii Financial Simplii Financial
Laurentian Bank Of Canada Laurentian Bank Of Canada
UNI Financial Cooperation UNI Financial Cooperation
Manulife Bank Of Canada Manulife Bank Of Canada
Canadian Western Bank Canadian Western Bank
American Express Company American Express Company
First Nations Bank Of Canada First Nations Bank Of Canada
Motusbank Motusbank
B2b Bank B2b Bank
BDC BDC
Alterna Bank Alterna Bank
Calculate the loan
Interest rates are given in accordance with the rates of the bank in Ottawa as of 07.02.2023
Loan amount
i

Specify the desired loan amount

CAD
CAD
USD
2500 C$
100000 C$
Loan term
i

Specify the loan term for the calculation

months
days
3
60
Interest rate
i

Choose the interest rate on the loan

1 %
15 %
Fill out an application for a loan!
Fill out an application for a loan!

Take advantage of our loan selection system with a free credit rating check!

What is a B2B Bank loan calculator?

B2B offers home equity lines of credit (HELOC) providing clients with revolving access to financing of up to 65% of their property’s value at a 5.20% interest rate. With a HELOC, interest applies only to a borrowed amount. The eligible properties for this line of credit are properties with 1-4 units, either new constructions or existing properties, and owner-occupied properties. 

Financial products and services from B2B Bank are available to individuals through advisors only. To apply for a B2B HELOC, you need to find an advisor near you who will apply on your behalf.

To get an idea of how much interest you will pay and what your interest-plus-principal payments will look like, you can use the line of credit calculator. 

B2B Bank loan calculators

There are several online calculator tools on the B2B Bank website:

B2B doesn’t provide a line of credit calculator on its website. Still, you can make the necessary calculations on your own on our website.

Why do you need calculations for B2B Bank lines of credit?

By using a line of credit calculator, you can estimate your interest-only or interest-plus-principal payments. To make these calculations, you will need to have the approximate credit amount and interest rate in mind. These estimations will help you plan your budget further. 

How to calculate the B2B Bank line of credit payment?

If you are wondering what your monthly interest payments will look like with your HELOC, you can use the line of credit calculator. To make the calculations, enter the values for your principal balance and APR into the calculator. 

Let’s assume your outstanding balance is $950 and your APR is 5.20%. Then, your monthly interest will be $4.06.

If you want to calculate interest-plus-principal payments for a line of credit, fill in the values for your line of credit parameters. If you are borrowing $10,000 for 12 months at a 5.20% annual interest rate, your interest-plus-principal payment will be $856.65 in the first month of the 12 months.

How to compare B2B Bank lines of credit using calculators

By adjusting the parameters of your line of credit entered into the calculator, you will see how the estimated values for the interest charged and interest-plus-principal payments change.

Will I pay the same regular payment amounts that I’ve calculated?

The calculations you make with the line of credit calculator are approximate and serve illustrative purposes only. The actual payments and interest charges may differ from the results of your calculations as long as the financing amount you can get is subject to credit approval. The interest rate offered to you by Motusbank will also depend on the bank’s assessment of your credit profile.

What are the interest rates for B2B Bank lines of credit?

The interest rate for B2B home equity lines of credit is 5.20%.

What payment frequency can I choose with a B2B line of credit?

You can make payments for your B2B home equity line of credit on a monthly basis.

Will my interest-plus-principal payments differ each month?

Your interest-plus-principal payments will be different in each consequent month because your outstanding debt decreases as you repay your balance. If you’ve borrowed $10,000 for 12 months at a 5.20% annual interest rate and made an $856.65 payment in the first month, your outstanding balance reduces to $9,143.35 and the term reduces to 11 months.