Seniors Home Adaptation and Repair Program (SHARP) — Loan Calculator

Instructions: In the loan calculator below, enter your current or estimated loan amount. The interest rate provided is the current rate. Note: Only simple interest is charged, not compounded interest.

Loan calculator

Interest Rate %
Loan Amount $
Term Term
The term of the loan is the number of years you expect to live in your home before you sell.
years

The above loan calculator is for demonstration purposes only and is not part of the application process. Any calculations generated do not represent approval of your application and the Government of Alberta is not bound by any calculations generated. Applicants must meet all eligibility requirements as prescribed in the Seniors Home Adaptation and Repair Act and the Seniors Home Adaptation and Repair Regulation.

The interest rate is subject to change. The interest rate is determined semi-annually on April 1 and October 1, by the Minister of Seniors and Housing in conjunction with the Minister of Treasury Board and Finance.

The Government of Alberta is not liable for any losses or damages arising from any errors or omissions in any information or calculations, or any action or decision made by the reader in reliance on any information or calculations generated by the loan calculator.

This calculator uses the following assumptions: