If there is no money at maturity, it is impossible to repay the bank loan with interest only. You can negotiate with the bank to postpone repayment. But it depends on whether you are overdue. Not if it's overdue. If not, you can negotiate with the bank.

The minimum repayment amount means that if the cardholder has difficulty in repaying all the payables before the due repayment date (inclusive), he can repay according to the minimum repayment amount stipulated by the issuing bank, but he cannot enjoy the interest-free repayment period. The minimum repayment amount is 65438+ 00% of the consumption amount plus other payables. The minimum repayment amount is listed on the current bill.

First, the benefits of the minimum repayment amount of credit cards

For cardholders, the setting of the minimum repayment amount of credit card can ensure that personal credit is not limited by repayment ability to a certain extent. When you spend too much on your credit card and the repayment amount exceeds your repayment range, you can choose the minimum repayment amount, so that your personal credit will not be affected. But what you need to know is that this means that you can no longer enjoy the interest-free period.

Two. Calculation formula of minimum repayment amount of credit card

Minimum repayment amount = 65438+ 00% of the consumption amount within the credit line+65438+000% of the cash advance transaction amount+65438+000% of the unpaid part of the previous minimum repayment amount+65438+000% of the consumption amount exceeding the credit line+65438+000% of the expenses and interest.

At present, in the above formula, some banks use the minimum repayment rate of 10% to advance cash.

Pay the "minimum repayment amount" before the due repayment date, and calculate the interest accordingly. But it will not affect personal credit.

Cash advance does not enjoy the minimum repayment amount.

Concept of overdue repayment: Generally speaking, banks will charge a certain amount of interest for overdue repayment, which is different for each bank, and is generally five ten thousandths of interest. However, the value date should be calculated from the date of consumption, not from the day after the last repayment date.

It is suggested that if the total amount is not repaid, the minimum repayment amount can be repaid first, without affecting the credit line. At the same time, there will be a buffer period, so that the bank can know the flow of funds in your account in time and will not freeze the account!

When a credit card (debit card) holder chooses the minimum repayment method or uses a card that exceeds the credit limit approved by the issuing bank, he will no longer enjoy the interest-free repayment period, and will pay overdraft interest calculated at the prescribed interest rate for the unpaid part from the bank bookkeeping date.