Calculate your payments

Calculate your Power Smart Residential Loan approximate payments. Loan interest rate is set at % (subject to change).

Loans up to 5 years

For qualifying upgrades, excluding high efficiency natural gas furnace and natural gas boiler. Maximum $, including furnace loan. The maximum amount varies among different loan types. The minimum loan amount is $. Enter the amount of your furnace loan separately. Do not enter any other non-numeric characters (commas, dollar signs, etc.) other than decimal points, in the entry boxes.

$
$
The minimum monthly payment allowed is $.

Process example:
  1. Manitoba Hydro will advance your contractor or retailer the total cost to be financed, in the amount of $, upon receipt of the Completion Certificate signed by you.
  2. You will repay said amount to Manitoba Hydro plus financing charges of $ by equal consecutive payments of $, calculated at the true annual interest rate of % per annum on the declining monthly balance.

Total amount to be repaid by you, including financing charges: $.

Loans up to 15 years

The maximum for a high efficiency natural gas furnace is $. The maximum for a natural gas boiler is $. The minimum loan amount is $. Do not enter any other non-numeric characters (commas, dollar signs, etc.) other than decimal points, in the entry boxes.

$
$
Approximate monthly payment for the initial 5-year term interest rates and monthly payments after the initial 5-year term will be based on available market rates3. The minimum monthly payment allowed is $.

Process example:
  1. Manitoba Hydro will advance your contractor the total cost to be financed, in the amount of $, upon receipt of the Completion Certificate signed by you.
  2. You will amortize said amount over a term of months. For the initial months, maximum financing charges of $ will be repaid by equal consecutive payments of $, calculated at the true annual interest rate of % per annum on the declining monthly balance. The maximum principal amount remaining at the end of the initial month term will be $. At the end of the month term, you will be required to pay the principal amount remaining or refinance that principal over the remaining amortization period at available market interest rates. Manitoba Hydro will communicate available options to the Owner through written correspondence 6 months prior to the completion of the initial month term.

Maximum total amount to be repaid by you, including financing charges during the initial month term: $.