1. First of all, the interest on overdue repayment is calculated according to the overdue interest rate on the credit card. The overdue interest rate is generally higher than the normal interest rate. Please refer to the credit card contract or contact the issuing bank for details.
2. Then, the method of calculating overdue interest according to overdue interest rate is to multiply overdue amount by overdue interest rate every day. The specific operation is as follows:
-First, determine the overdue amount, that is, the total overdue principal and interest.
-Then, multiply the overdue amount by the overdue interest rate to get the daily overdue interest.
-Finally, multiply the daily overdue interest by the number of overdue days to get the interest of 3 days overdue repayment.
3. Summary:
The calculation method of interest for overdue repayment for 3 days is to multiply the overdue amount by the overdue interest rate, and then calculate the overdue days according to the overdue interest rate of the credit card.
Extended data:
Overdue repayment will cause extra expenses to credit card users and may affect credit records. In order to avoid the adverse consequences of overdue repayment, users should abide by the repayment date of the credit card and complete the repayment within the specified time. If the repayment cannot be made on time, it is suggested to contact the issuing bank in time to apply for extension or installment repayment, so as to reduce the expenditure of overdue interest.
Please note that the above information is for reference only, please refer to the actual situation and credit card contract. In case of doubt, it is recommended to contact the specific issuing bank for accurate information.
The above is the answer to the 3-day interest on overdue credit card repayment. I hope it helps you!