If the minimum repayment of the bill is not returned in time before the due repayment date, you will be charged with default and interest, and your personal credit will be affected. 5% of the unpaid part of the minimum repayment amount will be charged as liquidated damages, and the minimum payment will be RMB1 yuan or USD1 yuan.

interest means that all the consumption in the current period will be collected from the bookkeeping date (usually the day after consumption), with a daily interest rate of five ten thousandths until you pay it off in full. In order to avoid affecting personal credit, it is recommended that you pay back on time. If it is inconvenient to pay off the bill in full, please pay off at least the minimum repayment amount on time.

Extended information:

Overdue interest: it refers to the penalty interest caused by overdue loans, which specifically refers to the overdue penalty interest of the lender who fails to repay the loan according to the contract.

the general operation is to increase the penalty interest by 3%-5% on the basis of the original loan interest rate, and the specific algorithm depends on the different circumstances of each case.

Basis:

Notice of the People's Bank of China on Issues Related to RMB Loan Interest Rate

(Yinfa [23] No.251)

Branches and business management departments of the People's Bank of China, policy banks, wholly state-owned commercial banks and joint-stock commercial banks:

In order to steadily promote the interest rate marketization reform, give full play to the regulatory role of interest rate leverage. The relevant matters concerning the interest rate and interest calculation and settlement of RMB loans are hereby notified as follows:

1. On the interest calculation and interest settlement of RMB loans. The method of interest calculation and settlement of RMB loans (not suitable for individual housing loans) shall be determined by both borrowers and borrowers through consultation.

second, the adjustment of loan interest rate during the contract period. The interest rate of medium-and long-term RMB loans is fixed from the original one year to be determined by both borrowers and borrowers according to commercial principles, which can be adjusted monthly, quarterly and annually during the contract period, or fixed interest rates can be adopted.

the interest rate of loans with a term of more than five years shall be determined independently by financial institutions with reference to the interest rate of loans with a term of more than five years announced by the People's Bank of China.

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