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How much is the monthly minimum payment?
How much is the monthly minimum payment?
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Written by Gareth Jones
Updated over 3 years ago

Your minimum payment will vary depending on how much you owe. It will be calculated as the greater of;

  1. £5; and

  2. the total of the following amounts:

    • any interest that we have charged since the date of your last statement;

    • 2% of the balance shown on your statement, excluding interest charges.

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