The minimum repayment period of Guangfa Credit Card is 20 days and the maximum is 50 days, so your credit card overdraft cannot be repaid until one year later. If you are overdue, you will not only have a 5% late payment fee, penalty interest, but also a bad credit record; if you are overdue for more than 3 months, the bank will freeze the card, blacklist you, and prosecute you for credit card fraud and malicious overdraft;

If it is an installment payment Repayment includes installment fees in addition to the monthly principal.

If you are lucky and repay the loan after 1 year (in fact, if the overdraft of 20,000 is overdue for 2 months, the bank will call for payment), penalty interest = 20000*0.05%*365 days = 3650; late payment fee = 20000/10*5%*12=600;