The above debt calculator is based on certain assumptions including hypothetical data input by the user. The results generated by this calculator are for reference only and are not intended as and cannot be a substitute for professional financial advice. The calculator is meant to offer an overview of information. Please note that financial charges, APR and the calculation of repayment amount and schedule vary among different financial institutions. You should refer to your financial statement(s) for detailed information and advice. The IEC shall not be liable for any human or mechanical errors or omissions in or any reliance placed upon the results; nor shall it be liable for the consequences of any decision or action taken upon or as a result of the information provided by this calculator.