1. If you really still have 35,000 to pay off, your minimum monthly repayment is definitely not 1,500. Even if calculated based on the lowest 5%, your minimum monthly payment will be 1,500. The amount that should be repaid should also be 1,750, and this is calculated without counting the overdraft interest of 0.5% per day. ——So, your estimate is too optimistic.

2. Not counting the overdraft interest of 0.05% per day, but if the principal is calculated based on the minimum ratio of 5% per month, it will take you 20 months to repay it. During this period, The daily overdraft interest of 0.5% is as high as 10,500. This is calculated based on the most optimistic simple interest. If it is calculated based on compound interest, I am afraid it will scare you.

According to simple interest calculation, you have to repay 2,250 yuan every month for 20 months. But this is the most conservative way to calculate simple interest. Unfortunately, the bank calculates it based on compound interest. That is to say, the interest you have not repaid will also be calculated at an interest of 0.05% per day, and the interest is compounded. Therefore, you do not have The monthly repayment amount is much higher than 2250, so you need to prepare more money.