It’s okay to pay off the loan early, as long as you don’t repay it late

1. Credit cards generally have a grace period of three days after the repayment date. Repayment within the grace period is deemed to be repayment on time.

1. If you pay it off in full, no fees will be incurred;

2. If the repayment amount is less than the minimum repayment stipulated by the bank, it will be considered overdue, and the interest will be 0.05 %, and a late payment fee of 5% of the unpaid portion of the minimum repayment amount will also be charged;

3. If the repayment amount is greater than or equal to the minimum repayment but less than the full repayment, a 0.05% payment is required Interest;

2. If the repayment exceeds the grace period, it will be considered overdue: the interest rate is 0.05%, and there is also a late fee.