What is the loan overdue period? What is the loan overdue period?

What does overdue loan mean?

Overdue yúqī Overdue [beoverdue] means: exceeding the specified period. For example: overdue violation, three days overdue. As long as one day exceeds the deadline, it is overdue. Generally speaking, overdue refers to the situation that exceeds the final repayment period stipulated by the bank and fails to deposit the consumed funds into the designated account in time and in full. Such as overdue loans, overdue credit cards, etc. Each bank will charge a certain amount of interest for overdue repayment. Each bank is different, but it is generally an interest of 0.05%. However, the interest accrual date is calculated from the date of consumption, not the date after the final repayment date. It is recommended that if the entire limit is not met, you can pay the minimum repayment amount first, which will not affect the credit limit. At the same time, there will be a buffer period so that the bank can understand the capital flow of your account in a timely manner and will not freeze the account!

What is the overdue loan of Bank of China Mobile Banking?

Overdue loan of Bank of China Personal Mobile Banking:

Overdue loan usually means that after the loan expires, the borrower fails to complete the loan in accordance with the terms of the loan without applying for the relevant extension or refinancing. The contract stipulates that the loan principal and interest will be returned to the bank that issued the loan within a time limit, resulting in a phenomenon where the loan exceeds the agreed period.

Warm reminder:

1. In the overdue information query, only the overdue information of this loan account can be queried, but the repaid information cannot be found.

2. The accumulated overdue interest includes penalty interest.

The above content is for your reference, please refer to actual business regulations.

What is an overdue loan?

Overdue loans are also called "overdue loans" or "overdue loans". Refers to the portion of the loan that has not yet been repaid within the repayment period stipulated in the contract. From the overdue date, transfer it to the overdue loan account, and indicate the words "Overdue Loan" at the beginning of the loan account. In order to urge loan units to repay overdue loans as soon as possible, 20% of the interest will be charged on the overdue portion. The national loan regulations stipulate that if the principal and interest cannot be repaid on time, the retained basic depreciation fund, enterprise fund or profit retained shall be used for repayment, and the cost shall not be included , occupying taxes or sitting on profits.

According to the relevant provisions of the Contract Law, the borrower's failure to repay the loan within the time limit stipulated in the loan contract is a breach of contract and shall bear liability for breach of contract. The ways to assume liability for breach of contract include returning the principal of the loan, paying interest during the loan period stipulated in the contract, and paying interest on the overdue portion of the loan.

As for the return of the loan principal and the payment of interest during the loan period as stipulated in the contract, there is generally no dispute as the parties have clearly agreed in the loan contract; for the interest on the overdue portion of the loan, the borrower should pay and pay according to what standards When it comes to the end, not only are there huge disputes between the parties, but the standards applied by judges when deciding such cases are also inconsistent, which affects the authority of the law. Lawyers believe that it is necessary to integrate this issue so that everyone can have a unified understanding.

The funds invested by banks in such loans may or may not be recovered in the future. The possibility of suffering losses is extremely high, and commercial banks usually charge penalty interest for this type of lending. Overdue loans are problematic assets of banks, so commercial banks should maintain higher capital reserves, with the reserve ratio generally being 50%.

The overdue loan rate refers to the proportion of overdue loans to all loans.

The overdue loan rate is used to reflect the on-time repayment of the loan. It reflects the loan utilization efficiency and asset risk procedures from the perspective of whether the loan is repaid on time. The purpose of monitoring overdue loan rates is to encourage banks to properly handle overdue loans as quickly as possible.

Article 207 of the Contract Law stipulates: "If the borrower fails to return the loan within the agreed time limit, he shall pay overdue interest in accordance with the agreement or relevant national regulations." The abolished Economic Contract Law and Loan Contracts Regulations clearly stipulate the payment of interest on overdue loans and the addition of penalty interest. The 1995 People's Bank of China's "Notice on Interest Calculation Measures after Adjustment of Loan Interest Rates" (hereinafter referred to as the "Notice") and the 1999 "RMB Interest Rate Management Regulations" (hereinafter referred to as the "Regulations") have relatively detailed regulations on the calculation and collection of overdue loan interest, and the Supreme People's Court has issued corresponding approvals on such issues.

What does overdue loan mean? Comprehensive analysis of overdue loan

Some friends will want to break the bank when they can't repay the loan. Anyway, they just won't pay it back. .

That's because these friends don't understand what overdue loans mean, and they don't know the impact of overdue loans. Today, let’s talk to you about overdue loans.

What does an overdue loan mean?

An overdue loan refers to a loan that has not been repaid when due as stipulated in the loan contract. For example, Xiao Ming borrowed a loan of 50,000 yuan from China Merchants Bank, and the contract stipulated that it should be repaid in three years. If Xiao Ming has not repaid it after three years, the loan is an overdue loan.

What to do with overdue loans

After knowing what overdue loans mean, we should know what to do with overdue loans. We should contact the bank as soon as possible to request grace and seize the time to repay.

Because after an overdue loan, you need to repay not only the principal and interest receivable, but also penalty interest. The Central Bank stipulates that the penalty interest rate is 30%-50% higher than the loan interest rate stated in the loan contract. For the loan not used for the purpose specified in the contract, the penalty interest rate is 30%-50% higher than the interest rate specified in the contract. 50%-100%. According to Xiao Ming's 50,000 yuan loan, the penalty interest for overdue loans is a large fee, and the longer the delay, the higher the penalty interest, which is not cost-effective for Xiao Ming.

What are the effects of overdue loans?

Whether you know what overdue loans mean or not, we all need to know the effects of overdue loans. Generally speaking, as long as you have had an issue with the bank If you have a lending relationship, you can check your personal credit report at any commercial bank credit outlet. Personal credit records will show your overdue records. If the overdue records are within two years, the bank will add up the score, and the possibility of being rejected for future loans will increase.

I hope that after reading the full article, everyone will have a certain understanding of overdue loans, not only what overdue loans mean, but also the impact of overdue loans. At the same time, we would like to remind everyone that the overdue limit required by the lending bank is that it cannot occur twice in the past three months, three times in the past six months, and four times in a year. If there are too many overdue loans, or if the overdue period reaches or exceeds three months or more, you may be on the bank's blacklist, and you will basically be unable to get a loan from the bank. If you have loan needs, you can go to

and take a look. There are loan platforms there that allow you to borrow money even if you have an overdue loan.

This is the end of the introduction about what is a loan overdue and what is a loan overdue period. Have you found the information you need?