Use the Smart Loan Amount Recommender
Get Your Recommended Loan Amount
How This Tool Works
- 1
Enter your monthly take-home income in Canadian dollars
- 2
List your essential monthly expenses (rent, utilities, food, transportation)
- 3
Enter your existing monthly debt payments
- 4
Select your preferred loan term (12–60 months)
- 5
The tool calculates a recommended loan amount based on your disposable income and a safe DTI ratio
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See personalized loan offers from 50+ Canadian lenders — no impact to your credit score.
Understanding Your Results
The recommended amount keeps your total DTI below 36%—the level most Canadian financial advisors consider healthy. The tool also shows a 'maximum' amount (DTI up to 43%) and a 'conservative' amount (DTI under 28%). Choose based on your comfort level and financial goals. A lower amount means easier payments and faster payoff.
Responsible Borrowing Advice
Just because you can borrow a certain amount doesn't mean you should. Consider your financial goals, upcoming expenses, and potential income changes before deciding. Leave room in your budget for unexpected expenses. If you're borrowing for a specific purpose, borrow only what that purpose requires—not more.