According to relevant data, at present, the bank implements the full penalty interest system, that is, after the repayment period is exceeded, regardless of whether the credit card generates partial repayment in the current month, the cardholder will be charged interest from the date of consumption according to the total consumption and the daily interest rate of five ten thousandths, which is what everyone calls penalty interest.

Loan means that banks, credit cooperatives and other institutions lend money to units or individuals who use money, and generally agree on interest and repayment date.