Repayment can be made by installments, and customers do not need to actively choose installments. Every month, 10% of the amount used at the end of last month and interest will be paid, as long as the amount used at the end of last month exceeds 100 yuan. Of course, if the amount used at the end of the month is less than 100 yuan, the full amount and interest up to the repayment date must be repaid.

Extended data:

Installment repayment-means that there will be multiple repayments, and the principal and interest of repayment will be allocated to each repayment. Bank's installment repayment is an installment repayment business launched to avoid penalty interest according to the total consumption limit when customers can't repay the overdraft amount of credit cards at one time.

Installment financing business is quite popular, both units and individuals may come into contact with this kind of business, such as mortgage loan when buying a house, installment purchase of large items and so on. However, because many people don't have the concept of time value of funds, their calculated capital cost is often quite different from the actual situation.

Compared with installment payment, installment payment is different in application procedure and application scope. The installment repayment business does not need to specify the place and category of consumption. If the customer realizes that he can't repay in full on time after swiping the card, he can call to apply. However, it should be noted that the handling fee for installment repayment is higher, which is generally higher than the commercial loan interest rate in the same period.

The loan interest rate is the interest rate charged by banks and other financial institutions to borrowers when they issue loans. It is mainly divided into three categories: the loan interest rate of the central bank to commercial banks; The loan interest rate of commercial banks to customers; Interbank lending rate

The decisive factors of bank loan interest are: bank cost. Any economic activity needs cost-benefit comparison. There are two types of bank costs: borrowing costs-prepaid interest on borrowed funds; Additional cost-the cost of normal business. Average profit rate. Interest is the subdivision of profit, which must be less than the profit rate, and the average profit rate is the highest limit of interest.

Supply and demand of loan funds. If the supply exceeds the demand, the loan interest rate will inevitably fall, and vice versa. In addition, the loan interest rate must also consider price changes, securities returns, political factors and so on. However, some scholars believe that the upper limit of interest rate should be the marginal rate of return of funds.

The factor that restricts the interest rate is regarded as the comparison between the profit growth rate of enterprises after borrowing bank loans and the loan interest rate. As long as the former is not lower than the latter, it is possible for enterprises to borrow money from banks.