[Skip to Content]

Loan & Credit Line Tax Savings

This calculator helps determine your tax savings on loans or credit lines with tax-deductible interest payments. For a loan payment, select fixed term loan. For a line payment, you can choose 2%, 1.5% or 1% of the outstanding balance or interest only.


Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

Download our Mobile Banking App

  • Download on the App Store
  • Get It On Google Play

Google Play and the Google Play logo are trademarks of Google Inc.

Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc., registered in the U.S. and other countries.