Your Debt Solutions Experts
BDO Hanover

485 10th Street
Hanover, Ontario
N4N 1R2
(519) 372 0188

Repayment Options Calculator

When it comes to paying off debt, there are different options you can choose from. These include repaying the debt on your own, using a consolidation loan, following a credit counselling repayment plan, or filing a consumer proposal. This calculator will compare your monthly payments over 3 years*

Monthly payment


  • Please Note: BDO Canada LLP is not a financial institution. The above calculator is a resource to help consumers manage their finances and better understand their re-payment options, and true cost of burrowing.
  • Debt repaid by the individual assumes the full debt is repaid in 3 years at an annual interest rate of 18%
  • Debt repaid with a consolidation loan assumes the full debt is repaid in 3 years with a 12% consolidation loan
  • Credit Counselling terms assume a full repayment of debt in 3 years at 0% interest but include the credit counselling “Client Fair Share” fee of 10%
  • Consumer Proposal assumes 30% of debt is repaid over a 3 year period
  • The amounts shown are for illustrative purposes only. Your actual amount may be higher or lower depending on your financial situation. Contact us for a free, no-obligation consultation to receive an accurate calculation.

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