If you fail to repay in full and overdraw the cash before the due repayment date, we will bear interest on a daily basis and compound interest on a monthly basis. The interest-bearing date is from the transaction bookkeeping date to the repayment date, and the interest-bearing principal is calculated according to the actual amount owed. Our interest rate benchmark is 0.5 ‰ per day, and the upper and lower limit standards are set in strict accordance with the relevant regulations of the People's Bank of China, and will be adjusted in time according to regulatory requirements.
The following examples will help you understand the law of interest (take the benchmark interest rate of five ten thousandths per day as an example):
If Mr. Li's bill date is the 7th day of each month, the total payable amount of the monthly bill of 65438+10,000 yuan, and the bill details are10,000 yuan. Mr. Li repaid 8000 yuan on the due date. As he fails to repay the loan in full, the billing bank will deduct the interest 122 yuan in February, and the calculation method is as follows:
10000× 0.5 ‰× 22 (22 days from10/27)+2000× 0.5 ‰×12 (65438+127)
Credit cards can enjoy the interest-free period of consumer transactions as long as they are repaid in full on time. The interest-free period is from the bank bookkeeping date to the repayment date, the shortest is 17 days, and the longest is 52 days. Because the repayment date is fixed, it varies slightly from month to month.
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The interest-free period does not apply to the following situations:
1, overdraft cash withdrawal, cash transfer (except overpayment transfer), without interest-free repayment, interest will be calculated from the date of entry, and compound interest will be calculated monthly. Our interest rate benchmark is 0.5 ‰ per day, and the upper and lower limit standards are set in strict accordance with the relevant regulations of the People's Bank of China, and will be adjusted in time according to regulatory requirements.
2. If you fail to repay the total repayment amount and the difference between the repayment amount and the total repayment amount exceeds 65,438+00 yuan (US$ 2 or Euro2), we will charge interest in full.
3. Purchase of foreign exchange by using the available quota is regarded as RMB overdraft cash withdrawal, and it does not enjoy interest-free treatment.
China Construction Bank-Frequently Asked Questions