If there is a problem with personal bank credit, such as loans overdue, will the bank send a notice?

Yes, banks use SMS notification system, and the repayment date is approaching. They will send a message a few days in advance, and the general loan officer will call after the repayment date.

I suggest you record the repayment date. If there is no notice of maintenance and upgrading of the banking system, it will bring you overdue interest.

The four major state-owned banks (industry, agriculture, China and China Construction) have already listed loans overdue for more than 90 days as non-performing loans, and the system has automatically turned them into non-performing loans.

Loans that are overdue for more than 90 days are at least classified into five categories of loans and classified as subprime loans. In this way, compared with the previous classification of such loans by some banks as concern loans, the proportion of loan loss provision will be greatly increased accordingly.

Extended Information According to the Notice of the People's Bank of China on Printing and Distributing the Guidelines for the Provision of Bank Loan Losses (Yinfa [2002] No.98), banks can make quarterly special provision with reference to the following proportions: for loans of concern, the provision ratio is 2%;

For subprime loans, the provision ratio is 25%. The latter is 23 percentage points more than the former. However, the regulations also point out that the loss reserve for subprime and doubtful loans can fluctuate by 20%.

The original Notice of CBRC on Printing and Distributing the Guidelines for Loan Risk Classification (Yin Jian Fa [2007] No.54) specifically defined different levels of loans, and the following loans should be at least classified into sub-categories: overdue (including after extension) exceeds a certain period, and its interest receivable is no longer included in the current profits and losses; The borrower maliciously evades bank debts by means of merger or division, and the principal or interest is overdue.

The regulatory requirements for provision coverage ratio are adjusted from 150% to 120%~ 150%, and the regulatory requirements for loan provision ratio are adjusted from 2.5% to 1.5%~2.5%, which means that the regulatory requirements for loan loss provision are relaxed accordingly.

Phoenix. All overdue loan banks that have recorded non-performing loans for more than 90 days will implement this policy.