According to the meaning of the question, the loan principal is 1700 yuan, the loan time is 6 months, and the monthly interest rate is 0.6%.

According to the formula, monthly interest = principal * monthly interest rate.

Substituting the data in the question, we can get the formula:

Monthly interest = 1700*0.6%= 10.2 (yuan)

Monthly principal repayment = 1700/6=283.3 (RMB)

Then the total monthly repayment amount =283.3+ 10.2=293.5 (RMB).

Extended data:

Interest (year) = principal × annual interest rate (percentage) × deposit period

Or interest = principal × interest rate× time

Deposit interest = principal x days x listing interest (daily interest rate) = interest-bearing days x daily interest rate

Daily interest rate (0/000)= annual interest rate (0/0) ÷ 360;

Monthly interest rate (0/00)= annual interest rate (0/0)÷ 12.

Monthly interest rate = daily interest rate ×30

Annual interest rate = monthly interest rate × 12

Interest = interest product × daily interest rate

Interest tax = deposit interest (income tax payable) × applicable tax rate

Consequences of overdue credit cards

1. The liquidated damages are generally the minimum repayment amount, that is, 5% of the unpaid part.

2, the interest rate is high, and it is rolling interest. When there are many debts, the interest rate is scary.

3. Overdue will tarnish the credit record, resulting in the inability to handle financial needs such as buying a house and lending in the next two years.

4. The overdue payment is more than 3 months, and the amount exceeds 1 000 yuan, and the bank has repeatedly failed to make dunning. At that time, you will not only pay back the money, but also bear criminal responsibility.