Article 207 of the Contract Law stipulates that "if the borrower fails to repay the loan within the agreed time limit, it shall pay overdue interest in accordance with the agreement or relevant state regulations".

Penalty interest will be charged if it is overdue. From the overdue date, default interest will be charged at the agreed interest rate 150% every day until the payment is overdue. Your overdue record will be collected by the People's Bank of China, which will affect your credit record. Please cherish your credit and repay on time.

For loans that are overdue or not used according to the purpose agreed in the contract, interest will be charged at the default interest rate from the date when they are used in loans overdue or not according to the purpose agreed in the contract until the loan principal and interest are fully paid off. For the interest that cannot be paid on time, compound interest shall be calculated at the penalty interest rate.

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2065438+08129 October, 18 The first batch of borrowers of peer-to-peer lending platforms maliciously evaded debts and were included in the central bank's credit information system, and were punished for breach of trust, involving an overdue amount of nearly 200 million yuan.

Personal credit report mainly includes the following information of consumers:

1. Personal basic identity information (name, date of birth, address, telephone number, work unit, etc. )

2. Credit records (repayment records of credit cards and consumer credit)

3. Public records (communication payment, public utility payment, court judgment record, etc.). )

4. Inquiry records (all inquiry records of the respondents within 6 months)

Baidu encyclopedia-overdue interest

Baidu Encyclopedia-Personal Credit