Information Regarding Making Minimum Payment

Assumptions:

  • Outstanding Balance :
    HK$
  • Interest Rate1 :
    %
  • No new transaction
  • No annual fee and other fees
  • No Extended Payment Plan (EPP)
  • Repayments are due on the 26th day after the statement date, but for simplicity, it is assumed that repayments are made at month ends.

1 "Interest Rate" refers to Standard Rate applicable to your Account. You may also refer to the "Current Rate" stated on the front page of your Statement of Account for the Interest Rate that is applicable to your Account.

 

2 Not applicable. Based on the Outstanding Balance and Interest Rate which you have keyed in, you will be able to pay off the Outstanding Balance in less than 3 years by paying the Minimum Payment each month.