RBC Loan Calculator
Calculate loan payments for Royal Bank of Canada loans in Canada, Trinidad, and Aruba
Results
Payment Schedule (Amortization Table)
| Month | Payment Date | Beginning Balance | Principal | Interest | Extra Payment | Total Payment | Ending Balance |
|---|---|---|---|---|---|---|---|
| 1 | December 1, 2025 | $30,000 | $436 | $138 | $0 | $573 | $29,564 |
| 2 | January 1, 2026 | $29,564 | $438 | $136 | $0 | $573 | $29,127 |
| 3 | February 1, 2026 | $29,127 | $440 | $134 | $0 | $573 | $28,687 |
| 4 | March 1, 2026 | $28,687 | $442 | $131 | $0 | $573 | $28,246 |
| 5 | April 1, 2026 | $28,246 | $444 | $129 | $0 | $573 | $27,802 |
| 6 | May 1, 2026 | $27,802 | $446 | $127 | $0 | $573 | $27,357 |
| 7 | June 1, 2026 | $27,357 | $448 | $125 | $0 | $573 | $26,909 |
| 8 | July 1, 2026 | $26,909 | $450 | $123 | $0 | $573 | $26,459 |
| 9 | August 1, 2026 | $26,459 | $452 | $121 | $0 | $573 | $26,008 |
| 10 | September 1, 2026 | $26,008 | $454 | $119 | $0 | $573 | $25,554 |
| 11 | October 1, 2026 | $25,554 | $456 | $117 | $0 | $573 | $25,098 |
| 12 | November 1, 2026 | $25,098 | $458 | $115 | $0 | $573 | $24,640 |
| 13 | December 1, 2026 | $24,640 | $460 | $113 | $0 | $573 | $24,180 |
| 14 | January 1, 2027 | $24,180 | $462 | $111 | $0 | $573 | $23,717 |
| 15 | February 1, 2027 | $23,717 | $464 | $109 | $0 | $573 | $23,253 |
| 16 | March 1, 2027 | $23,253 | $466 | $107 | $0 | $573 | $22,787 |
| 17 | April 1, 2027 | $22,787 | $469 | $104 | $0 | $573 | $22,318 |
| 18 | May 1, 2027 | $22,318 | $471 | $102 | $0 | $573 | $21,847 |
| 19 | June 1, 2027 | $21,847 | $473 | $100 | $0 | $573 | $21,374 |
| 20 | July 1, 2027 | $21,374 | $475 | $98 | $0 | $573 | $20,899 |
| 21 | August 1, 2027 | $20,899 | $477 | $96 | $0 | $573 | $20,422 |
| 22 | September 1, 2027 | $20,422 | $479 | $94 | $0 | $573 | $19,943 |
| 23 | October 1, 2027 | $19,943 | $482 | $91 | $0 | $573 | $19,461 |
| 24 | November 1, 2027 | $19,461 | $484 | $89 | $0 | $573 | $18,977 |
| 25 | December 1, 2027 | $18,977 | $486 | $87 | $0 | $573 | $18,491 |
| 26 | January 1, 2028 | $18,491 | $488 | $85 | $0 | $573 | $18,003 |
| 27 | February 1, 2028 | $18,003 | $491 | $83 | $0 | $573 | $17,512 |
| 28 | March 1, 2028 | $17,512 | $493 | $80 | $0 | $573 | $17,020 |
| 29 | April 1, 2028 | $17,020 | $495 | $78 | $0 | $573 | $16,525 |
| 30 | May 1, 2028 | $16,525 | $497 | $76 | $0 | $573 | $16,027 |
| 31 | June 1, 2028 | $16,027 | $500 | $73 | $0 | $573 | $15,528 |
| 32 | July 1, 2028 | $15,528 | $502 | $71 | $0 | $573 | $15,026 |
| 33 | August 1, 2028 | $15,026 | $504 | $69 | $0 | $573 | $14,522 |
| 34 | September 1, 2028 | $14,522 | $506 | $67 | $0 | $573 | $14,015 |
| 35 | October 1, 2028 | $14,015 | $509 | $64 | $0 | $573 | $13,506 |
| 36 | November 1, 2028 | $13,506 | $511 | $62 | $0 | $573 | $12,995 |
| 37 | December 1, 2028 | $12,995 | $513 | $60 | $0 | $573 | $12,482 |
| 38 | January 1, 2029 | $12,482 | $516 | $57 | $0 | $573 | $11,966 |
| 39 | February 1, 2029 | $11,966 | $518 | $55 | $0 | $573 | $11,448 |
| 40 | March 1, 2029 | $11,448 | $521 | $52 | $0 | $573 | $10,927 |
| 41 | April 1, 2029 | $10,927 | $523 | $50 | $0 | $573 | $10,404 |
| 42 | May 1, 2029 | $10,404 | $525 | $48 | $0 | $573 | $9,879 |
| 43 | June 1, 2029 | $9,879 | $528 | $45 | $0 | $573 | $9,351 |
| 44 | July 1, 2029 | $9,351 | $530 | $43 | $0 | $573 | $8,821 |
| 45 | August 1, 2029 | $8,821 | $533 | $40 | $0 | $573 | $8,288 |
| 46 | September 1, 2029 | $8,288 | $535 | $38 | $0 | $573 | $7,753 |
| 47 | October 1, 2029 | $7,753 | $538 | $36 | $0 | $573 | $7,216 |
| 48 | November 1, 2029 | $7,216 | $540 | $33 | $0 | $573 | $6,676 |
| 49 | December 1, 2029 | $6,676 | $542 | $31 | $0 | $573 | $6,133 |
| 50 | January 1, 2030 | $6,133 | $545 | $28 | $0 | $573 | $5,589 |
| 51 | February 1, 2030 | $5,589 | $547 | $26 | $0 | $573 | $5,041 |
| 52 | March 1, 2030 | $5,041 | $550 | $23 | $0 | $573 | $4,491 |
| 53 | April 1, 2030 | $4,491 | $552 | $21 | $0 | $573 | $3,939 |
| 54 | May 1, 2030 | $3,939 | $555 | $18 | $0 | $573 | $3,384 |
| 55 | June 1, 2030 | $3,384 | $558 | $16 | $0 | $573 | $2,826 |
| 56 | July 1, 2030 | $2,826 | $560 | $13 | $0 | $573 | $2,266 |
| 57 | August 1, 2030 | $2,266 | $563 | $10 | $0 | $573 | $1,703 |
| 58 | September 1, 2030 | $1,703 | $565 | $8 | $0 | $573 | $1,138 |
| 59 | October 1, 2030 | $1,138 | $568 | $5 | $0 | $573 | $570 |
| 60 | November 1, 2030 | $570 | $570 | $3 | $0 | $573 | $0 |
About RBC Loan Calculator
Our free RBC loan calculator is a comprehensive tool designed to help you calculate loan payments for Royal Bank of Canada loans across Canada, Trinidad, and Aruba. Whether you're planning to finance a car, purchase a home, secure a business loan, or manage a line of credit, this calculator provides accurate estimates based on RBC's lending standards and Canadian banking practices.
Car and Auto Loans
The RBC car loan calculator and auto loan calculator help you plan your vehicle financing with options for down payments and flexible loan terms. Calculate your monthly payments, total interest costs, and see how extra payments can reduce your loan term and save you money. The calculator supports both car loans and auto loans, accommodating various vehicle types and financing scenarios common in Canada, Trinidad, and Aruba.
Mortgage Loans
The RBC mortgage loan calculator provides a complete picture of your monthly housing expenses by accounting for principal, interest, property tax, and home insurance. This comprehensive approach helps you understand the true cost of homeownership and plan your budget accordingly. The calculator is designed for the Canadian market and follows standard mortgage calculation practices used by RBC and other major Canadian banks.
Business Loans
For entrepreneurs and business owners, the RBC business loan calculator helps you understand your financing options and plan your business loan payments. Calculate monthly payments, total interest costs, and see how different loan terms and interest rates affect your business finances. This tool is particularly useful for planning business expansion, equipment purchases, or working capital needs.
Line of Credit
The RBC line of credit calculator helps you manage your credit line by calculating minimum payments, interest-only payments, and annual interest costs. This flexible financing option is popular in Canada for home improvements, debt consolidation, and other personal or business needs. The calculator shows you how your current balance affects your minimum payment requirements and helps you plan your repayment strategy.
Key Features
All calculations are performed using standard Canadian lending formulas and consider factors such as loan amount, interest rate, loan term, and optional extra payments. The payment schedule shows a detailed amortization table with all monthly payments, helping you visualize how your loan balance decreases over time. You can export the payment schedule to Excel for further analysis and record-keeping, making it easy to track your loan payments and plan your finances.
This calculator is particularly useful for comparing loan options, understanding the impact of interest rates on your payments, and planning your financial future. Whether you're a first-time borrower or looking to refinance, our RBC loan calculator provides the insights you need to make confident financial decisions. The tool follows Canadian banking standards and RBC lending practices, ensuring accuracy and compliance with financial regulations in Canada, Trinidad, and Aruba.
The calculator is designed for multiple markets including Canada, Trinidad, and Aruba, where RBC operates. It uses Canadian Dollar (CAD) currency formatting and supports various loan scenarios including regular loans with optional extra payments. The Excel export feature allows you to save your payment schedule for offline reference and financial planning purposes, making it a valuable tool for both personal and business financial management.