Consumers can enjoy the interest-free repayment period from the bank bookkeeping date to the due repayment date. The shortest interest-free repayment period is 25 days and the longest is 56 days. During this period, as long as you pay off the current payable amount (total amount owed) on the current statement, you don't have to pay any interest on the current statement (overdraft withdrawal, transfer and interest do not enjoy interest-free repayment period).
Revolving credit interest rate:
The interest rate of revolving credit shall be uniformly stipulated by the People's Bank of China, and the daily interest rate shall be 0.5 ‰, with monthly compound interest.
Interest calculation of revolving credit:
The amount of each transaction in the last statement is the interest-bearing principal, and the interest-bearing days are from the account bookkeeping date to the account repayment date, and the daily interest rate is five ten thousandths. The interest on revolving credit will be listed in the next bill.
For example:
● Mr. Zhang's bookkeeping date is 10 day per month.
● The current bill printed by Mr. Zhang on April 10 includes all his transactions from March1to April 10;
● Mr. Zhang has only one consumption in this month's billing cycle-on March 30th, the consumption amount was 65,438 yuan+0,000 yuan;
● Mr. Zhang's current bill printed "payable amount in this period" is 65,438+0,000 yuan, and "minimum repayment amount" is 65,438+0,000 yuan;
Under different repayment conditions, Mr. Zhang's revolving interest is as follows:
1 If Mr. Zhang repays 1000 yuan in full before May 5, the circulating interest in the statement of May 10 is 0 yuan.
2 If Mr. Zhang only paid the minimum repayment amount of 65,438+000 yuan before May 5, and this 65,438+000 yuan was paid on May 65,438+0, the revolving interest on the statement on May 65,438+00 is 20.50 yuan.
The specific calculation is as follows:
1000 yuan X 0.05% X 32 days (March 30th-April 30th)
+( 1000 yuan-100 yuan) X 0.05% X 10 days (May1-May 10)