Yes, overdue wages for online loans from Shanghai Pudong Development Bank may be deducted.
Note:
1. According to Chinese loan contract laws, if the borrower repays overdue, the creditor has the right to take legal means to recover the debt.
2. As a creditor, Shanghai Pudong Development Bank can require the borrower to repay overdue amounts through legal procedures.
3. During the overdue period, if the borrower's salary account is related to Shanghai Pudong Development Bank (such as opening a salary payment agency account), the bank may deduct the overdue amount from the salary by debiting it.
4. However, wage deductions must comply with relevant legal provisions, including requirements such as deduction ratio limits and minimum living expenses retention.
Summary:
When a borrower’s online loan is overdue, Shanghai Pudong Development Bank has the right to take legal means to recover the arrears, which may include salary deductions. However, before implementing deductions, banks need to comply with relevant legal regulations to ensure legality and fairness.
Extended information:
According to Article 41 of China's "Loan Contract Law", if the borrower repays overdue, the creditor has the right to require the borrower to pay overdue interest, and may Take the following legal recovery methods: 1) require the borrower to provide guarantee or strengthen the guarantee; 2) require the borrower to provide corresponding collateral and pledges; 3) pay wages to the borrower's unit, etc.
However, wage deductions need to comply with relevant legal regulations. According to China’s Labor Law and the Regulations of the People’s Bank of China on the Management of Personal Financial Information Business, salary deductions need to meet the following conditions: 1) deduction within a specific range (usually no more than 50% of the borrower’s salary income); 2 ) Retain the minimum living expenses (to ensure that the borrower has sufficient living expenses); 3) Go through legal procedures, including notifying the borrower, etc.
Therefore, under specific circumstances, overdue wages for online loans from Shanghai Pudong Development Bank may be deducted, but relevant legal provisions must be followed and legality and fairness must be ensured.