How to collect the overdue penalty interest of the credit card of Postal Savings Bank?
The calculation formula of overdue penalty for credit card of Postal Savings Bank is: penalty = (minimum repayment amount-paid amount before due repayment date) ×5%. The overdue penalty for credit card bills refers to the amount agreed to be paid to the card issuer when the credit card fails to repay before the due repayment date (inclusive) or the repayment amount is lower than the minimum repayment amount, and the charging standard is 5% of the unpaid part of the minimum repayment amount.
If the bill is not fully repaid or the account is overdue, the interest will be calculated according to the actual amount owed from the transaction entry date. The daily interest rate is 0.05%, and the reference annual interest rate is about 65,438+08.25%. Until the debt settlement date, the annual interest rate = daily interest rate *365 days. This annual interest rate is simple interest, and compound interest is calculated monthly.
What if the credit card is overdue?
If the credit card is overdue, the user can choose to negotiate repayment with the bank. When a user submits an application for repayment by agreement, the bank will review the user, and after the approval, the bank will renegotiate the repayment amount and repayment time with the user. If it fails to pass the examination, the negotiation fails, so the user must pay off the overdue debt as soon as possible. Without cash, he can exchange fixed assets for cash or borrow money from people around him.