The amount that the cardholder needs to pay when applying for the minimum repayment amount is: (current consumption amount+unpaid amount of last month+interest and expenses of this month) 10%+ current overdraft and full cash withdrawal.

The cardholder applies for repayment according to the minimum repayment amount, and only pays interest in the second phase, and only pays 10% of the total bill in the first phase.

The interest is calculated as follows: principal × five ten thousandths (interest) × days A (days from consumption date to current repayment date)+(repaid principal) × five ten thousandths (interest) × days B (days from current repayment date to next billing date).

Extended data:

Cardholders of Industrial Bank can enjoy an interest-free repayment period when they repay all the used funds before the due repayment date, without paying interest on non-cash transactions (except for some credit card types, which shall be subject to the agreement in the corresponding card purchase contract); The longest interest-free repayment period is 50 days.

Personal cardholders can also enjoy the minimum repayment treatment for some transactions (the specific transactions that can enjoy the minimum repayment treatment are stipulated in the credit card collection contracts of various credit card types): if cardholders have difficulty in repaying all the credit card payables before the due repayment date, they can choose to partially repay the credit card payables, but the repayment amount shall not be lower than the minimum repayment amount.

Industrial Bank-Terms and Conditions of Bill Installment Business

Industrial Bank-Credit Card Charter