If consumers overdraw in full and can't repay on time, they will incur overdraft interest and other expenses, resulting in the amount owed exceeding the limit.
If the cardholder uses the unit card to overdraw, the unit shall bear the responsibility of repaying the overdraft amount and paying overdraft interest. If the cardholder uses the supplementary card of the personal card to overdraw, the main cardholder shall be responsible for repaying the overdraft amount and paying overdraft interest; If the cardholder of the main card loses the repayment ability, the cardholder of its subsidiary card shall be responsible for repaying the overdraft amount and paying the overdraft interest.
Extended data
Calculation method of loan interest
In the financial analysis of the project, the interest of the working capital loan is calculated according to the simple interest. No matter when the loan occurs, it is assumed that the interest is borrowed at the beginning of the year. In addition, because the working capital is used for turnover, it is generally assumed that the working capital loan will not be returned during the production and operation period, but will be returned once at the end of the project.
Therefore, the annual interest rate of working capital loan = accumulated working capital loan in the current year × annual interest rate of working capital loan.
Long-term loan calculation method
In order to simplify the processing, when calculating the principal and interest of long-term loans, it is assumed that every year's loans occur in the middle of the year, so the interest is calculated only half a year, and the repayment occurs at the end of the year; The outstanding principal of this year and the loans of previous years form the "loan accumulation at the beginning of next year", and the interest is calculated on an annual basis. In this way, the approximate calculation formula of annual accrued interest is as follows: annual accrued interest = (accumulated loan principal at the beginning of the year+loan amount this year /2)× annual interest rate.
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