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China Merchants Bank overdraws 1 10,000 yuan. What is the minimum monthly repayment and the monthly interest? Please elaborate, thank you!
Hello, the minimum repayment amount is the minimum amount that needs to be repaid in the current month when using revolving credit. The minimum repayment amount is listed on the current bill.

Calculation method of minimum repayment amount of each bill:

Minimum repayment amount = 10% Credit card account All general transactions+

65438+ 000% of all outstanding installment transactions in the account+65438+000% of the outstanding part of the minimum repayment amount in the previous period+65438+000% of all funds used in excess of the credit line in the account+65438+000% of expenses+65438+000% of interest.

All consumption in the current period starts to bear interest from the bookkeeping date (usually the day after consumption), and the daily interest rate is five ten thousandths until you pay it off in full.

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