The calculation formula is:

Minimum repayment = 100 of the unpaid portion of the minimum repayment of the previous period, 100 of the over-limit portion of the installment fund, 100 of other unpaid consumption within the credit limit and 10 for cash advance and 100 for all other payables.

If you repay the minimum payment amount of the current bill, the cardholder will not be able to enjoy the interest-free repayment period and will have to pay recurring interest, but he can still maintain a good credit record.

The minimum repayment amount means that the customer must repay at least this much money, otherwise he will be charged for default, may be subject to bank collection, and leave a bad record on his personal credit.

Extended information:

Minsheng Bank credit card installments include 3, 6, 9, 12, 18 and 24 installments. The corresponding installment fee rate is: 0.82 ,0.7,0.67,0.67,0.67,0.7.

Minsheng Bank credit card handling fee = total installment amount × handling fee rate per installment × number of installments.

China Minsheng Bank-Minimum Repayment Amount