You will need 4 pieces of information to use the loan payment estimator. First enter the interest rate based on your desired loan term (see the current Interest rate page for the interest rate which is based on your loan term) - enter 4 for a loan rate of 4%.. Second enter the number of years you wish to take the loan out for. Third enter the amount of money you wish to borrow. Fourth enter the date when you would like the loan disbursed (will default to 2 months after todays date). Note: loans taken out between August 31 and March 14 will not have a loan payment due the following year.
The calculator is pre-filled in for a $1,000,000 loan for 20 year loan at 4% to be disbursed two months from today with the first payment due on March 15.Change one or more values to match your desired loan.
NOTE: This calculator provides estimated payments - your actual payment may vary slightly depending on the actual day the loan is disbursed.
Contact BCPL for more information.
Click here for current interest rates and terms.