Your CEBA balance is due on December 31, 2026, and it has charged 5% interest since January 19, 2024. Use this calculator to compare keeping your CEBA loan until the deadline with refinancing it into monthly payments.
Talk to your bank or credit union too; they know your circumstances. When you are ready, compare lenders that refinance CEBA loans.
| Keep CEBA until Dec 31, 2026 | Refinance | |
|---|---|---|
| Monthly payment | ||
| Lump sum due December 31, 2026 | $0 | |
| Total interest |
CEBA interest is 5% per year on the outstanding balance, charged since January 19, 2024. The CEBA column assumes you keep paying interest and repay the full balance on December 31, 2026, counting interest from today. Refinance figures assume equal monthly payments and exclude lender fees. Estimates only; get exact figures from your financial institution and lenders.
This financial analysis is provided as a general guide only and should not be relied upon as sole basis for investment or financial decisions. It is based on data and assumptions believed to be accurate at the time of analysis but they may not apply to your specific situation. No warranty is made regarding the accuracy or completeness of the information. Market conditions and economic factors can change rapidly and without notice, which can impact the analysis outcomes. You are advised to consult with a qualified financial advisor before making any investment decisions. This analysis does not constitute financial advice, nor does it take into account your personal circumstances, financial situation or needs.
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