Secured Overdraft Calculator
Enter the credit amount and interest rate to see how much interest you’d need to pay back per day.
To borrow or not to borrow? Borrow only if you can repay!
| Note: | |
| • | This calculator is applicable for secured overdraft product including Insurance Financing and Wealth Financing. |
| • | Interest will be calculated based on the actual number of days the funds are used. Hong Kong dollar secured overdrafts will be calculated based on 365 days a year; USD and RMB secured overdrafts will be calculated based on 360 days a year. |
| • | The above figure is for reference only. The actual repayment liability depends on the actual terms of each borrowing arrangement. |
| Reminders about Responsible Borrowing | |
| • | Customer should have a clear understanding of his/her financial condition, daily expenses, and actual borrowing needs. |
| • | Customer should assess his/her repayment ability and avoid over-borrowing. |
| • | Customer should repay any outstanding balance on time to avoid late payment charges and additional overdue/overlimit interest charged by the Bank. |
| • | To borrow or not to borrow? Borrow only if you can repay! |