The penalty interest for overdue mortgage is not necessarily, depending on the charging standard of the loan bank. In general, penalty interest is determined by overdue principal, penalty interest rate and overdue days. The default interest of commercial banks is generally 65,438+030%-65,438+050% of the interest agreed in the contract, and the unpaid days and overdue amount depend on the actual situation. The formula is overdue amount x (mortgage interest rate /365x penalty interest rate) x overdue days.

If there are provisions in the loan contract, it shall be calculated as stipulated in the contract. If there is no agreement in the loan contract, the penalty interest of the general mortgage will be doubled according to the benchmark interest rate of bank loans in the same period. Calculation rules of overdue loan interest: loan interest = (loan amount) * interest rate+(unpaid interest+loan amount) * interest rate+penalty interest.

Consequences of overdue mortgage:

1. Personal credit information has a bad record.

If the mortgage is overdue, the lending bank will see the overdue information at the first time, whether you are a commercial loan or a provident fund loan. Even if it is overdue by one day, some strict banks will enter the overdue information into the central bank's credit information system, and your credit information system will have overdue records. It will be very troublesome for you to apply for a credit card or loan in the future. Even if it is approved, the loan amount will be much lower.

2. Penalty interest and overdue fine

No matter what causes the mortgage to be overdue, the bank will call you to repay it at the first time, and overdue repayment will also generate penalty interest. In general, the penalty interest of banks is 30%-50% higher than the original loan interest rate.

If the overdue mortgage is paid off within 7 days, the lending bank will not charge a late fee. However, after 7 days, the bank will charge a penalty interest and a late fee.

3. The court's property preservation measures

There are default clauses set by banks in general mortgage contracts. If there are three or more overdue records in a row, the bank will ask you to pay off all the principal and interest of the loan at one time. Once the mortgage is overdue for more than 3 months, the bank can bring a lawsuit to the court according to the relevant provisions of the mortgage contract and guarantee contract. The court will directly take property preservation measures, freeze deposits in all bank accounts of lenders and guarantors, and seal up other mortgaged properties.

Don't think that this is only a temporary seizure, and the court can only lose money. Finally, we should not only pay the principal and interest of the loan, default interest and overdue fine, but also bear the litigation costs and the expenses incurred in disposing the mortgaged property.