What happens when the flowers expire?

First, what will happen if the flowers are overdue?

1. The penalty interest will be charged from the overdue date until the customer pays it off in full. Overdue fee = overdue principal × overdue days ×0.05%. If the customer has been overdue, there will be a lot of penalty interest, and then the repayment pressure of the customer will increase.

2. The overdue situation will be submitted to the sesame credit system, and the sesame score is likely to decline; Some flower buds access the central bank's credit information, which will be reported to the central bank for credit information, leaving a bad record in the personal credit information report, and personal credit will be damaged.

3. The flower garden function is likely to be restricted, and the system may close the account and freeze the quota, resulting in customers being unable to use it again.

4. Due to credit problems, customers' subsequent handling of credit business will also be hindered, and it may be difficult to handle it smoothly in the short term.

Customers are advised to develop a good habit of paying back on time at ordinary times and try to avoid overdue. Once overdue, we should also find ways to pay off the arrears as soon as possible to minimize the adverse effects.

Second, the consequences of overdue

Overdue will have the following consequences: 1, overdue penalty interest, overdue fine. No matter where you apply, you will sign the corresponding loan contract with the borrowing institution. Since the contract has been signed, of course, we should act according to the contract and fulfill the repayment obligation. Once the contract expires, if you don't pay back the money you owe, the first thing you encounter is penalty interest, and some institutions will charge a certain penalty according to the contract. If you still don't pay back the money, as time goes by, your penalty interest will increase, and your repayment pressure will increase in the future. 2. It affects the borrower's credit, and the credit of the central bank and other third parties will have an impact. Failure to repay the loan will leave a credit "stain" on the personal credit report, and the application for loans and credit cards will be blocked in the future. At present, many financial institutions have access to the data of third-party credit reporting companies, and your lending data, shopping data, credit card repayment data and other information on other platforms can be easily retrieved. Once on the blacklist system of small loan companies, as long as one company refuses to lend, everyone will refuse to lend, and it is impossible to lend again in the future. 3. The loan platform collects loans, which affects normal life. There are three parts in loan collection: SMS, telephone and door-to-door. When you owe money in the early stage, the salesman of the small loan company will kindly remind you by text message or phone that it is time to pay back the money. However, in the later stage, if the small loan company repeatedly reminds you and urges you to pay back the money, you are still indifferent, then they may take the form of letting your relatives and friends know that you borrowed money outside and never pay it back, which will damage your reputation. 4. Some platforms on the Internet will call people in the address book list and send messages. Some small loan companies will require borrowers to fill in at least a few people who are closely related, such as your parents, relatives, friends and colleagues. , and some need your authorization to read the phone address book and the communication records of the operator's online business hall. When you don't pay back the money, not only you may be bombarded by telephone, but also your family and friends may be harassed, which will seriously disrupt your life and that of your family. 5. The company being loaned. After a series of collection activities, if financial institutions find that the collection has been fruitless, they may file a lawsuit and take legal measures to recover the loan. During this period, you may receive reminders, execution documents, etc. Once the judgment is completed, even if you have 100 unwilling people, you must execute the repayment ruling. Otherwise check your property, or freeze it, or seal it up according to law, or auction it. About 1) is a comprehensive consumer loan centered on individuals or enterprises, and it is an extension of microfinance in technology and practical application. The loan amount is generally more than 1 1,000 yuan and less than 200,000 yuan, and the guarantee is generally required in the process of handling. 2) refers to small loans issued by individuals or enterprises. Different from traditional loans, they are generally not carried out in banks, but are handled by contacting relevant companies in person. The amount is generally 1 10,000 yuan to 200,000 yuan. Handling requires the actor to provide certain guarantees. The procedures are simpler, the scope is wider and the repayment method is more flexible, so it is more popular.

Third, what will happen if it is overdue?

If it is overdue, the agency will charge liquidated damages and penalty interest for overdue debts. Secondly, the agency will upload the overdue records to the credit report, which will affect the credit of the borrower. Finally, if it is overdue for a long time, the borrower will be sued by the lending institution and will be tried by law.

Specific steps

1, started by the borrower. When applying, the borrower should bring ID card, proof of address, proof of stable income source and other related materials, and if it is a merchant, it also needs to bring business.

2. After receiving the lender's application, the bank will review the lender;

3. Sign a loan contract with the bank through the examination and approval of the bank;

4. The bank lent money, and the lender successfully got the loan.

The above four steps are the general flow of banks. Different banks may have slightly different regulations and submit different materials. In order to avoid loan risks, some banks will consider age, income level and repayment ability.

Extended data:

First, the basic knowledge of interest calculation

(1) The interest rate conversion formula for RMB business is (note: common for deposits and loans):

1, daily interest rate (0/000)= annual interest rate (%)÷360= monthly interest rate (‰) ÷.

2. Monthly interest rate (‰) = annual interest rate (%)÷ 12.

(two) banks can use the product interest method and the transaction interest method to calculate interest:

1. Accumulate the account balance daily according to the actual number of days, and multiply the accumulated product by the daily interest rate to calculate the interest. The interest-bearing formula is:

, in which accumulated interest product = per

2. Transaction-by-transaction interest calculation method calculates interest one by one according to the preset interest calculation formula: interest = principal × interest rate × loan term, with three details:

If the interest period is a whole year (month), the interest shall be calculated.

① Interest = principal × year (month )× year (month) interest rate

If the interest-bearing period is a whole year (month) and days, the interest-bearing formula is:

② Interest = principal × year (month) × year (month) interest rate principal × odd days × daily interest rate.

At the same time, banks can choose to convert the interest period into actual days to calculate interest, that is, 66 days per year), and each month is the actual number of days in the Gregorian calendar of that month. The interest-bearing formula is:

③ Interest = interest rate

These three formulas are essentially the same, but because the interest rate conversion is only 360 days a year, when calculating the actual daily interest rate, it will be calculated as 365 days a year, and the result will be slightly biased. Which formula is used specifically, the central bank gives financial institutions the right to choose independently. Therefore, the parties and the gold

(3) Compound interest: Compound interest means that the borrower fails to repay the interest within the time stipulated in the contract.

(4) Penalty interest: If the lender fails to repay the bank loan within the prescribed time limit, the penalty interest paid by the bank to the defaulter according to the contract signed with the parties is called bank penalty interest.

(V) loans overdue liquidated damages: nature and punishment measures.

(six) the formulation and filing of interest calculation methods

The interest-bearing settlement rules and methods for deposit and loan business formulated by national commercial banks as legal persons shall be reported to the head office of the People's Bank of China for the record, and the customers shall be informed.

Regional commercial banks and urban credit cooperatives report to the branches of the People's Bank of China and provincial capitals to understand the customer situation; The legal person of a county rural credit cooperative can inform customers according to the actual situation of the county rural credit cooperative and the interest calculation method of deposit and loan business.