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The repayment details calculated is based on the outstanding balance and Annual Rate for retail purchase inputted above with the assumptions that there is no a subsequent new transaction, fees and charges other than interest charges; and the repayments are made on or before the Payment Due Date of the month.
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[Example 1] Assume settle the outstanding balance amount by making the minimum payment only each month. Customer’s estimated time required to pay off and total repayment amount will be:
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Monthly repayment amount
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Estimated time required to pay off the balance and interest generated
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Total repayment amount
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Minimum Payment *
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0
years
0
months
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$
0
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* Include all interest, fees, charges (including Annual Membership Fee(s) that may be charged), plus 1% of outstanding principal amount, and any overlimit amount (if any); the minimum amount of Minimum Payment is HK$250.
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[Example 2] Assume settle the outstanding balance in 3 years’ time. Customer’s fixed monthly repayment amount and total repayment amount will be:
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Fixed monthly repayment amount **
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Estimated time required to pay off the balance and interest generated
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Total repayment amount
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$
0
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3 years
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$
0
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Difference on total repayment amount between examples 1 and 2:
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$
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** The calculated fixed monthly repayment amount is for reference only. While the minimum amount of Minimum payment is set at HKD250, for very low outstanding balance which the calculated monthly payment is HKD250, the calculated figure may not reflect the actual repayment details. Please contact our Credit Card Customer Service Hotline for the repayment details.
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