The calculation of overdue interest for different loans is different. Taking a credit card as an example, it usually costs 550 yuan per month.

Overdue credit cards generally incur interest and liquidated damages. Generally, banks calculate credit card interest at 0.05/day. Different banks are different, please contact the bank customer service for details.

Most banks will charge liquidated damages based on 5% of the unpaid portion of the minimum repayment amount. The liquidated damages of 5 yuan per month and the penalty interest of 0.5 yuan per month are calculated as 5.5 yuan per month. If the credit card is overdue for 10,000 yuan, it will cost 550 yuan per month.

According to the different nature of banking business, it can be divided into two types: bank interest receivable and bank interest payable.

Interest receivable refers to the remuneration a bank receives from borrowers when it lends funds to borrowers; it is the price borrowers must pay for using funds; it is also part of the bank's profits.

Interest payable refers to the remuneration paid to depositors by a bank for absorbing deposits from depositors; it is the price that a bank must pay to absorb deposits and is also part of the bank's costs.

As the capital occupation cost of enterprises, interest has directly affected the level of economic benefits of enterprises. In order to reduce costs and improve efficiency, enterprises must do everything possible to reduce the amount of funds occupied, and at the same time conduct cost comparisons of various fund-raising methods during the financing process. If enterprises in the whole society regard saving interest expenses as a common behavior pattern, then the efficiency of economic growth will definitely be improved.

Under the conditions that the actual income level of Chinese residents continues to increase and the savings ratio is increasing, asset selection behavior has emerged. The increase in financial instruments has provided an objective basis for residents’ asset selection behavior, while interest income has It is the main inducement for residents’ asset selection behavior. The residential sector attaches great importance to interest income and spontaneously generates asset selection behavior, which has an impact that cannot be ignored, both on macroeconomic regulation and on the reconstruction of micro-foundation.

Judging from the current situation in China, the high savings rate has become a major feature of the Chinese economy, which provides a solid financial foundation for rapid economic growth, and residents have made various assets under the inducement of interest income. Choice behavior also contributes to the realization of various macro-controls.

Since interest income is closely related to the economic interests of the deficit and surplus sectors of the whole society, the government can also use it as an important economic lever to regulate economic operations. For example: if measures are taken to lower interest rates, more money will flow to the capital market; when interest rates are raised, money will flow out of the capital market. If the government uses credit means to raise funds, it can issue government bonds at a higher interest rate than bank deposits of the same term, absorbing private monetary funds into the government's hands for use in various fiscal expenditures.