5% interest is charged on the unpaid part. In addition, ICBC took the lead in canceling the provision of full interest for partial repayment of credit cards in China. That is to say, if the repayment cannot be made in full before the due repayment date, the repaid part will still enjoy the interest-free repayment period, and ICBC will only charge overdraft interest at the rate of 0.5 ‰ per day from the bank bookkeeping date to the repayment date. Interest is charged at 0.5 ‰ per day for overdraft withdrawal and transfer.

Example of interest: Mr. Chen spent RMB 65,438+00,000 in March, and received the statement in early April. According to the statement, the balance of the previous bill was 0, and only 10000 yuan was overdrawn in this period. The due repayment date of this period is April 25th, and the repayment amount of this period is 65,438+00,000 yuan, with the minimum repayment amount of 65,438+00,000 yuan.

* If Mr. Chen repays 10000 yuan in full before April 25th, there will be no overdraft interest on the statement received in May.

* If Mr. Chen fails to repay in full before April 25th, but the repayment amount is higher than the minimum repayment amount: If he repays 9900 yuan on April 20th, the overdraft interest on the statement received in May is 1.55 yuan.

Overdraft interest: (10000-9900) yuan × 0.05 %× 3 1 day (March 3 1 to April 30) = 1.55 yuan.

* If Mr. Chen fails to repay the loan in full before April 25th, but the repayment amount is lower than the minimum repayment amount: if he repays 900 yuan on April 20th, he will have to pay 5% of the unpaid part of the minimum repayment amount in addition to overdraft interest. In May, Mr. Chen received not only overdraft interest, but also late payment fee 5 yuan.

Late payment fee: (1000-900)×5%=5 yuan.