Hello, it will take about 10 months to pay it off, because the interest calculation involves the settlement date of each consumer merchant. If you do not make it clear, the calculation cannot be carried out.
Examples of recurring interest:
● If your bill date is the 5th of each month, the repayment due date is the 23rd of each month;
● The current statement printed by the bank for you on April 5th includes all your transaction accounts from March 5th to April 5th;
● Assume that you only have one transaction in this statement Consumption, the consumption amount is RMB 1,000 yuan, and the merchant's payment request time is March 30;
● The "Amount Payable for this Period" printed on your current bill is RMB 1,000 yuan , the "minimum repayment amount" is RMB 100;
● Under different circumstances, your recurring interest is: ① If you repay RMB 1,000 in full before April 23, Then the recurring interest in the statement on May 5th = 0; ② If you only repay the minimum repayment amount of RMB 100 on April 23, the recurring interest in the statement on May 5 will be RMB 17.85 , the specific calculation is as follows: 1,000 yuan × 0.05 × 24 days (March 30 to April 22) (1000-100) yuan × 0.05 × 13 days (April 23 to May 5), recurring interest = 17.85 Yuan.
If you still have questions, you can add QQ customer service 4008205555 for detailed consultation.