Obtaining credit is easy in Hong Kong. There are many kinds of loans available in the market provided by different types of money lending institutions. While you can use this available credit to fund parts of your life goals, borrowing can become habitual, resulting in a worsening debt situation. You should think twice before borrowing money. Work out whether you really need credit and consider if you can repay the loans. After taking out the loans, we need to manage the debt responsibly and effectively. If you find yourself in the unfortunate circumstance of running into debt problems, don't ignore them. They will only grow into a bigger problem over time.
This calculator works out the repayment amount/period/borrowing cost to help you consider your affordability and compare different loan products. It also presents an overview of all your personal debts and tips to help you manage debt effectively.