Fubon Credit Card Balance Repayment Calculator

Please enter the following information to calculate:

The period of time and total cost (including principal payments and finance charges) involved in paying a balance in full if you only pay for the minimum payment on each month, and

II.

Total cost (including principal payments and finance charges) involved in paying a balance in full if you pay off the outstanding balance in 36 months

Outstanding Balance

HK$

Finance Charge Interest Rate (p.a.)

Please refer to the annual rate on your credit card statement

Calculate Reset

I. If you only pay for the minimum payment^* on each month

You will pay off the outstanding balance in about (a)

256 Months

One-month interest free period is included

Estimated total cost you will end up paying (b)

HK$ 122,741.79

^*Your minimum payment will be minimum HK$200 or the aggregate amount of all the following items (whichever amount is higher):

(a)

all interest and fees and charges (including the current Finance Charge); plus

(b)

1% of the remaining outstanding balance of transactions (which refers to the Current Balance shown on the Monthly Card Statement deducting all the interest and fees and charges listed in sub-Clause (a) above); plus

(c)

any amount exceeding the available Credit Limit and the minimum amount from the previous month which remains unpaid, provided that if the Current Balance shown on the Monthly Card Statement is HK$200 or less, or upon the occurrence of one of the events set out in Clause 7.04 of Fubon Bank Visa/MasterCard Cardholder Agreement, the minimum amount to be paid shall be the entire Current Balance.”

II. If you pay off the outstanding balance in 36 months

You will pay off the outstanding balance amount you have entered including the Finance Charges in less than 36 months even each month you pay the minimum payment only.

Estimated monthly payment amount (c)

HK$ 2,470.17

Estimated total cost you will end up paying (d)

HK$ 88,926.04

Estimated total savings compared with only making minimum payment (b) – (d)

HK$ 33,815.75

Assumptions for Card Account:

No new transaction, annual fee and other fees.

Repayments are due on the 30th day after the statement date.

Repayments are made on the due date on each month.

Finance charge applies on the amount outstanding (both principal and finance charge) before payment day.

One-month interest free period.

Notes:

Please note that above information is for illustration purpose only. For further details, please do not hesitate to contact us.
This calculator and the information are made available to you as self-help tools for your independent use and cannot be interpreted as investment advice. The Bank cannot and does not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes only. Use of this calculator does not constitute an application for, commitment to extend, or approval of, a request for credit.

To borrow or not to borrow? Borrow only if you can repay!

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2566 8181

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