The minimum repayment amount is 65438+ 00% of consumption arrears. If you can't pay back all the money, this is also a second-best solution. There is no late fee for the minimum repayment, but interest is charged. The bank charges a daily interest rate of 0.5 ‰ for each transaction, and the interest payable is compounded monthly, with a minimum charge of 1 yuan.

For example:

Zhang San's bookkeeping date is June 18, and the due repayment date is July 7;

18 April, the current bill printed by the bank for Zhang San included all his trading accounts from March 19 to April 18;

This billing cycle is only once on Wednesday-April 15 (April 15 is Zhang San's billing date), and the consumption amount is RMB 1000 yuan;

Zhang San's current bill "payable amount in this period" is 1000 yuan, and "minimum repayment amount" is 100 yuan;

Under different repayment conditions, Zhang San's revolving interest is as follows:

If Zhang San repays RMB 65,438+0,000 in full before May 7, the interest in the statement on May 7 will be 0 yuan.

If Zhang San only paid the minimum repayment amount of 100 yuan before May 7th, the circulating interest on the statement on May 8th will be calculated as follows: 1000 yuan ×0.05%×22 days (1April 7th, 5 years).