What should I do if the mortgage of Everbright Bank is overdue?

Try to repay as soon as possible, or negotiate with the bank to repay in installments.

The consequences of overdue mortgage of China Everbright Bank are still very serious, which will have the following consequences:

1, resulting in a certain penalty interest and late payment.

If the mortgage is overdue, the bank will remind the borrower to repay by phone or SMS. If the repayment is overdue, there will be a penalty interest. The penalty interest of different loan banks is different, which is basically 30%-50% higher than the original loan interest rate. Generally speaking, the bank will give seven days to make up the arrears. If all the repayable funds can be replenished within seven days, there will be no late payment fee. However, if it exceeds 7 days, the bank will charge a penalty interest and a late fee.

2. About the credit system

Everbright Bank will upload your overdue records to the credit information system, and there will be bad records in the personal credit information system, which will affect your loan business in other financial institutions;

Step 3 be sued

If your circumstances are serious, China Everbright Bank will sue you, and the court will enforce it according to law (such as deducting deposits and auctioning collateral). ) to repay the bank's loan losses.

4. Bad personal credit record

Once the mortgage is overdue, whether it is a commercial loan or a provident fund loan, the loan bank can see your overdue repayment record. Strict banks will input overdue information into the central bank's credit information system even if it is only one day overdue. Once the overdue records enter the credit information system, it will have a serious impact on applying for credit cards or loans in the future. Even if they can get a loan, the loan amount will be much reduced.

5. Seizure risk of mortgaged property

Generally, banks will set a default clause in the mortgage loan contract. If the borrower is overdue for three consecutive times or six times in total, the borrower is required to repay all the loan principal and interest in one lump sum. If the buyer's mortgage loan is unpaid for more than 3 months, the bank will bring a lawsuit to the court according to the loan contract and guarantee contract. The court will take measures such as property preservation, freeze deposits in all bank accounts of lenders and guarantors, and seal up pledged property.

After the court decision is issued, it will be enforced according to law (such as deducting deposits and auctioning collateral, etc.). ) to repay the bank's loan losses. Specifically, it includes: loan principal, loan interest, overdue interest and penalty interest, all litigation costs arising therefrom, and related expenses incurred when disposing of mortgaged (pledged) goods. This also means that the buyer's house may be sealed up by the bank, and they have to repay the corresponding interest, resulting in a situation where people and money are empty.

If you are unfortunately blacklisted by the people's court, overdue in China Everbright Bank will affect your normal life. If you can't fly, you can't take the high-speed train, and you may even be restricted from going abroad. Therefore, it is suggested to pay off the loan as soon as possible, and the longer the delay, the more serious the consequences will be.