Paipaidai’s overdue interest on loans is charged on a daily basis, and the daily interest rate is 0.2%, so the overdue interest calculation formula is: overdue interest = overdue amount * actual number of overdue days * 0.2%. For example, if the borrower's overdue amount on Paipaidai is 2,000 yuan, and it is actually 10 days overdue, then the total overdue interest is: 2,000*10*0.2%=40 yuan. In addition, after Paipaidai is overdue, in addition to charging overdue interest, the borrower also needs to pay overdue interests to the lender and pay collection fees to the platform. The overdue benefit collection standard is: overdue benefit per period = overdue principal per period * 0.7‰ * cumulative number of overdue days. The standard for collection of reminder fees is: reminder fee for each period = overdue principal for each period * 0.6% * cumulative number of overdue days.

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