Balance Transfer / Debt Consolidation Calculator
Compare your current repayments across multiple credit cards or loans with a single balance-transfer loan. See monthly savings, interest saved and net benefit to decide whether consolidation makes sense.
Share & more
Net saving
Monthly change HK$501
Existing debts
Use the principal percentage shown on each card statement. The simulation adds monthly interest, then applies the fixed minimum-payment floor; card fees are not included.
Consolidation loan details
Net saving
Full-term comparison: about HK$183,848 less than staying on Min Pay, after the HK$2,000 fee.
Monthly saving
Total cost
Fees included
Recommended
Switching to a single consolidation loan could save about HK$185,848 in interest; net saving after fees is HK$183,848。
A cheaper instalment is not the same as a cheaper loan. Compare APR, the handling fee, the payoff date and early-settlement terms. After a balance transfer, cutting or freezing the old card limits avoids rebuilding the same debt. This page does not invent an early-settlement penalty for the new loan.
Hong Kong balance transfer and debt consolidation
A balance transfer replaces several high-interest card or loan balances with one new loan. The useful comparison is not the advertised instalment. It is the interest and payoff time if you stay on each card's Min Pay, versus the new loan's interest plus handling fee over its full term. A lower monthly payment can come only from stretching the term.
Hong Kong issuers do not use one Min Pay formula. This page models existing cards as monthly interest plus a principal share, subject to a fixed floor. Card fees, cash advances and new spending are excluded. The new loan uses the APR, term and fee you enter.
If the new loan is smaller than the current balances, the leftover cards still accrue interest. Using the old cards after the transfer can recreate the same debt. Early-settlement terms on the new loan vary; this page does not invent a penalty.
Ask for a written quote that includes the fee, term and early-settlement clause, then compare it with each statement formula. If Min Pay already never clears, do not treat an endless minimum payment as a cheap baseline.
Related guide
Why minimum payments keep credit-card debt alive
Before consolidating, distinguish a lower monthly payment from a genuinely lower total cost.
Read the guideReferences
Site data last reviewed: 2026-08-09 · The sources above are for reference only; please refer to the latest official announcements from the relevant organisations.
Think a figure, rule or source needs updating? Report this pageFAQs
What is a balance transfer loan?
Will a balance transfer affect my credit rating?
Is a balance transfer suitable for everyone?
Can I keep using my credit cards after a balance transfer?
What documents are needed for a balance transfer?
月供較低是否等於更慳？
A useful scenario to try
Include the approved APR, fees and term; a lower instalment does not guarantee a lower total cost.
Related Tools
Client-side only: All data is calculated on your device and is not uploaded to any server. Results are for reference only and do not constitute professional financial or legal advice.