Monthly Interest Repayment and Principal Repayment upon Maturity Calculator - ICBC (Asia)
Monthly Interest Repayment and Principal Repayment upon Maturity Calculator
Monthly Interest Repayment and Principal Repayment upon Maturity Calculator
You should assess your repayment ability and avoid over-borrowing.
This calculator is applicable for the loans that interest payable monthly and principal outstanding repaid in one lump sum on loan maturity date, such as Flexi Assets Financing - Insurance Plan.
Note:
- The above calculation assumes that calculating interest started from the date of today. Interest will be calculated on the basis of 365-day year (including leap years).
- 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!
