How are Hong Kong personal loan repayments calculated?

The tool uses the standard amortising loan formula. The monthly rate is the APR divided by 12, and the repayment equals the loan times that rate divided by one minus (1 plus the monthly rate) to the power of minus the number of months. Each payment is equal and fully clears the loan by the end of the term.

What is the maximum legal interest rate in Hong Kong?

Under the Money Lenders Ordinance (Cap. 163), the statutory ceiling is an effective rate of 48% per annum. A loan agreement charging above this is not legally enforceable, and the tool warns you whenever the APR you enter exceeds 48%.

What APR is typical for a Hong Kong personal loan?

Advertised APRs commonly fall between roughly 2% and 30%, depending on your credit profile, the lender, the loan size and the term. Banks tend to be at the lower end, while finance companies and short-term lenders charge more.

Does the schedule show how interest falls over time?

Yes. The amortisation table lists each month's interest, principal and remaining balance. Early payments are mostly interest, and the principal portion grows month by month as the balance shrinks.

Are fees and early repayment charges included?

No. The calculation assumes a fixed APR and equal instalments only. Handling fees, insurance add-ons and early-settlement charges vary by lender and are not modelled, so confirm the all-in cost before signing.

Hong Kong Personal Loan Calculator

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A Hong Kong personal loan calculator that shows your monthly repayment, total interest and a complete amortisation schedule. It uses Hong Kong’s typical APR range and flags any rate that breaches the 48% per-annum legal ceiling set by the Money Lenders Ordinance.

How it works

Repayments use the standard amortising loan formula:

M = P * r / (1 - (1 + r)^-n)

where P is the loan amount, r is the monthly rate (APR divided by 12) and n is the number of months. Every instalment is the same, and the split shifts over time: early payments are mostly interest, later payments mostly principal. The tool builds the full schedule by charging interest on the outstanding balance each month, subtracting the rest of the payment from principal, and settling any rounding on the final instalment so the balance ends exactly at zero.

Hong Kong’s Money Lenders Ordinance (Cap. 163) caps the effective interest rate at 48% per year. Any agreement above this is unenforceable, so the tool raises a warning when your APR exceeds that limit.

Example and notes

Borrow 200,000 HKD at 12% APR over 36 months. The monthly repayment is about 6,643 HKD, total interest is roughly 39,160 HKD, and the schedule shows the balance falling to zero by month 36.

The figures assume a fixed APR and equal instalments. Handling fees, insurance and early-repayment charges differ by lender and are not included — always compare the advertised APR and the all-in cost before committing.