Late payment fee: calculated by 5% of the arrears in each repayment cycle, that is, 5% of the monthly arrears;
Interest is: the daily interest rate is 0.5 ‰, the interest of the current month is included in the principal of the next month, and the late payment fee is calculated together;
③ For the unpaid part of the minimum repayment amount, a late fee of 5% will be charged, with a minimum of RMB 65,438+00 or USD 65,438+0.
It should be noted that one billing cycle is the calculation cycle of interest and late fees, and the interest and late fees of the next cycle are merged into the principal for recalculation.
Based on these, you should be able to calculate the cost you need to pay.