Debt Calculator

This calculator provides you with an overview of all your personal debts, including credit cards, personal loans and other loans (eg relatives and friends); as well as options and tips to help you manage your debts effectively.

The calculator works out the repayment of credit card debt. It converts the annualised percentage rate (APR) you specified to estimate the effective monthly interest and then works out the cost of borrowing and repayment period required to settle the credit card debt. Learn more.

(You can provide details up to 10 credit cards)

Your credit card(s)
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Your monthly income is HKD
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The personal loan calculator works out the repayment of personal loan. It converts the annualised percentage rate (APR) to estimate the effective monthly interest and then works out the average monthly repayment amount required to settle the debt. Learn more.

(You can provide details up to 10 loans)

Personal loan(s)
icon-plusAdd another loan
Your monthly income is HKD
Reset Calculate

This calculator works out the repayment of other loan(s) using the flat rate. The flat rate refers to a fixed interest rate of the original loan amount regardless of the fact that the loan capital is declining each month. Learn more.

(You can provide details up to 10 loans)

Other loan(s)
icon-plusAdd another loan
Your monthly income is HKD
Reset Calculate
Total amount of debt
including cost of borrowing		 Total cost of borrowing Repayment period Debt-to-income ratio

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Credit card debt overview

No. of credit card Debt amount Total amount of debt
including cost of borrowing		 Total cost of borrowing Repayment period
Debt-to-income ratio is
This is the monthly repayment obligations of the borrower as a percentage of monthly income. It is an indicator of whether the borrower is close to being unable to make monthly repayment on its debt.
Sort the result and view by: Repayment period APR Debt amount Your input order

You can consider managing your debts with the following options:

  • Pay off your debts as much as you can each month, at least pay the minimum payment you owe on each loan otherwise late and finance charges will be incurred.
  • However, if you pay only the minimum amount, you will pay more interest with longer repayment period. Check the comparison.
  • Pay off your debt with a higher repayment amount. Change repayment amount.
  • Pay off your debt earlier. Change repayment period.
  • If you can afford to pay more for some of the debts, pay the loan with the highest interest rate first.
  • Consolidate your debt.
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Disclaimer

The above debt calculator is based on certain assumptions including hypothetical data input by the user. The results generated by this calculator are for reference only and are not intended as and cannot be a substitute for professional financial advice. The calculator is meant to offer an overview of information. Please note that financial charges, APR and the calculation of repayment amount and schedule vary among different financial institutions. You should refer to your financial statement(s) for detailed information and advice. The IFEC shall not be liable for any human or mechanical errors or omissions in or any reliance placed upon the results; nor shall it be liable for the consequences of any decision or action taken upon or as a result of the information provided by this calculator.

Tell us what you think

How satisfied are you with
this Debt Calculator?

(1 is the lowest, 5 is the highest)


  • 1

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  • 3

  • 4

  • 5

Do you know the minimum payment amount of your cards? If no, the calculation will be based on 2% of your outstanding balance, 1% plus interest or fixed amount HKD 50 (whichever is higher).

Yes No

Your minimum payment is too high, please note that it should exclude any outstanding minimum payment which is the payment you have not been cleared from previous card statement. Otherwise, the calculation will be based on 2% of your outstanding balance, 1% plus interest or fixed amount HKD 50 (whichever is higher).

Would you like to revise your input?

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Change repayment period

No. of credit card Debt amount Total amount of debt
including cost of borrowing		 Total cost of borrowing Repayment period
Compare

Change repayment amount

No. of credit card Debt amount Total amount of debt
including cost of borrowing		 Total cost of borrowing Repayment period
Compare

Your existing monthly payment vs making minimum payment

Total amount of debt including cost of borrowing Total cost of borrowing Repayment period
Your existing monthly payment
Making minimum payment

View by debt amount

View by repayment period

The minimum payment amount is based on the greater of 2% of outstanding balance, monthly interest plus 1% of outstanding balance or fixed amount of HKD 50.

Personal loan overview

No. of loan Loan amount Total amount of debt
including cost of borrowing		 Total cost of borrowing Repayment period
Debt-to-income ratio is
This is the monthly repayment obligations of the borrower as a percentage of monthly income. It is an indicator of whether the household is close to being unable to make monthly repayment on its debts. A value of 37 percent or higher indicates a danger that you may not be able to keep up with debt payments.
Edit Save in PDF

Review the following before you take out personal loan:

Disclaimer

The above debt calculator is based on certain assumptions including hypothetical data input by the user. The results generated by this calculator are for reference only and are not intended as and cannot be a substitute for professional financial advice. The calculator is meant to offer an overview of information. Please note that financial charges, APR and the calculation of repayment amount and schedule vary among different financial institutions. You should refer to your financial statement(s) for detailed information and advice. The IFEC shall not be liable for any human or mechanical errors or omissions in or any reliance placed upon the results; nor shall it be liable for the consequences of any decision or action taken upon or as a result of the information provided by this calculator.

Tell us what you think

How satisfied are you with
this Debt Calculator?

(1 is the lowest, 5 is the highest)


  • 1

  • 2

  • 3

  • 4

  • 5

Other loan overview

No. of loan Loan amount Total amount of debt including interest Total interest Repayment period
Debt-to-income ratio is
This is the monthly repayment obligations of the borrower as a percentage of monthly income. It is an indicator of whether the household is close to being unable to make monthly repayment on its debts. A value of 37 percent or higher indicates a danger that you may not be able to keep up with debt payments.
Edit Save in PDF

Review the following before you take out a loan:

Disclaimer

The above debt calculator is based on certain assumptions including hypothetical data input by the user. The results generated by this calculator are for reference only and are not intended as and cannot be a substitute for professional financial advice. The calculator is meant to offer an overview of information. Please note that financial charges, APR and the calculation of repayment amount and schedule vary among different financial institutions. You should refer to your financial statement(s) for detailed information and advice. The IFEC shall not be liable for any human or mechanical errors or omissions in or any reliance placed upon the results; nor shall it be liable for the consequences of any decision or action taken upon or as a result of the information provided by this calculator.

Tell us what you think

How satisfied are you with
this Debt Calculator?

(1 is the lowest, 5 is the highest)


  • 1

  • 2

  • 3

  • 4

  • 5