The mortgage loan suddenly dropped by dozens of yuan in 2021. Will the monthly mortgage repayment decrease if the interest rate is cut?

Mortgage repayments are closely related to interest rates. If mortgage rates fall in 2021, in most cases your monthly payments will indeed decrease accordingly. This is because falling interest rates mean the loan costs less, which reduces the amount of interest you need to pay each month.

1. First of all, you need to understand the adjustment mechanism of mortgage interest rates. Mortgage interest rates are usually linked to the central bank's benchmark interest rate. When the central bank lowers interest rates, commercial banks' loan interest rates may also be lowered. This adjustment may be effective immediately or at the beginning of the next repayment cycle, depending on the terms of the loan contract.

2. Secondly, the impact of adjustments in mortgage interest rates on monthly repayments depends on your loan type. With a fixed-rate loan, interest rate adjustments usually won't affect your monthly payments unless you choose to refinance. If it is a floating rate loan, the drop in interest rates will directly affect the monthly repayment amount.

3. Furthermore, even if interest rates fall, the reduction in monthly repayments may not be immediately visible. This depends on your repayment plan and loan balance. If the loan balance is larger, the reduction in interest may have a more significant impact on the monthly payment.

4. Finally, if you want to know exactly how your monthly repayment will change after interest rate adjustments, you can contact your lending bank or use an online loan calculator to perform simulation calculations. This allows for more accurate predictions of changes in monthly payments.

As for the issue of overdue online loans, if there are compliance issues with the online loans themselves, then overdue loans may not have much impact on personal credit status. However, overdue records will still be recorded in online loan big data. If you have questions about your online loan history, you can query it through some data service platforms to learn about your online loan overdue details, debt status, and whether you have been blacklisted. This can help you better manage your credit situation and avoid possible credit problems in the future.