No matter whether you apply for a loan in a bank or a non-governmental organization, you will sign a corresponding loan contract, and the basic responsibilities and obligations are included. What borrowers are most concerned about is how to calculate the overdue interest once the loan is overdue. Let's talk about this topic today.
When applying for a loan, you should carefully check the loan contract, which contains overdue clauses. The general situation is:
1, overdue repayment, overdue penalty interest is generally 30%~50% higher than the original loan interest rate.
If the contract interest rate is 6% and the overdue penalty interest is 50%, the overdue interest rate is 9%.
2. Generally, the purpose of the loan is stipulated in the contract, such as not being used for investment or gambling. Once the bank finds that the borrower's loan use is abnormal, it will immediately recover the loan or increase the original loan interest rate by 50%~ 100%.
These are the basic provisions on penalty interest in loans overdue. If the repayment is overdue or not used according to the specified purpose, the penalty interest shall be calculated from the day after the repayment date until the borrower pays off the principal and interest of the loan (including penalty interest).
Let's give an example to demonstrate how to calculate the overdue interest of the bank:
Xiao Wang went to the bank for a loan, assuming an annual interest rate of 6%. If there is 3000 yuan unpaid, the calculation method of overdue penalty interest is:
1. If the repayment is overdue, the overdue interest rate will rise by 30%, and the corresponding overdue penalty interest rate is 6%( 130%)=7.8%. The converted daily interest rate is 7.8%/360=0.02 167%. Therefore, if the delay is 30 days, the corresponding liquidated damages can be calculated: 30000.05438+067% 30 = 19.5 yuan.
2. If the repayment is overdue, the penalty interest rate will rise by 50%, and the corresponding penalty interest rate is 6%( 150%)=9%, which translates into a daily interest rate of 9%/360=0.025%. 3000 yuan is overdue for 30 days, and the corresponding overdue penalty interest is 30000.025%30=22.5 yuan.
To sum up, once overdue, the penalty interest is relatively high, and the interest will increase with time. If you haven't paid it back, you will be charged a penalty interest. The penalty interest of private lending institutions will be higher, so don't overdue easily, otherwise the repayment pressure will be very great.
How to calculate loans overdue interest?
Legal analysis: loans overdue interest refers to the interest fee charged by the lending institution when the loan business applied by the borrower fails to repay the arrears in time after the repayment period.
The calculation of overdue loan interest depends on the default interest rate after loans overdue. Banks or lending institutions have different provisions on the default interest rate, so the interest rate in loans overdue is also different.
According to the Reply of the Supreme People's Government on the Calculation Standard of Default Penalty for Late Payment, a penalty interest of 30%~50% is generally increased on the basis of the original loan interest rate, but the specific provisions shall be subject to the contract provisions at the time of lending.
The specific calculation formula is as follows:
Loans overdue interest rate = normal lending rate of the central bank x (floating point above1).
Loans overdue interest = loan principal x overdue interest rate x actual overdue days.
For borrowers in loans overdue, interest will be charged at the default interest rate from the overdue date until the principal and interest are paid off. If the interest cannot be paid on time, compound interest will be calculated at the penalty interest rate.
Legal basis: Provisions of the Supreme People on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases Article 25 If a lender requests the borrower to pay interest at the interest rate agreed in the contract, the people shall support it, except that the interest rate agreed by both parties exceeds four times the market quotation of one-year loan at the time of the establishment of the contract. The "one-year loan market quotation" mentioned in the preceding paragraph refers to the one-year loan market quotation issued monthly by the National Interbank Funding Center authorized by the People's Bank of China from August 20th, 20th, 20th19th.
Calculation formula of overdue interest
First of all, answer directly.
Different platforms have different overdue calculation methods, and the common overdue interest calculation methods are as follows.
Second, the specific analysis
1, bank loan
Bank loan is recognized as a relatively reliable loan platform. If it is overdue, overdue interest will be charged. The calculation method is overdue days of principal overdue interest rate. Banks have different regulations on overdue interest rates. According to the regulations of the central bank, the penalty interest rate is 30%~50% higher than the original loan interest rate. If the borrower's loan is used abnormally, such as for investment, gambling and other purposes prohibited by the bank, then the bank will immediately recover the loan or increase the original loan interest rate by 50%~ 100%.
2. Credit card
Credit card is also a kind of loan. After the credit card is overdue, there will be two kinds of expenses: overdue interest and liquidated damages.
Overdue interest: Credit cards in general banks have an interest-free period of 20-50 days. If the cardholder fails to repay after the interest-free period, it will generate overdue interest, which is generally charged at 0.5 ‰ per day.
Liquidated damages: At present, most banks set the standard of liquidated damages as 5% of the outstanding minimum repayment amount.
3. Alipay
There are many loan platforms on Alipay, such as Hua Hua Bai, Borrowing Bai, and online business loans. The interest generated by different platforms after overdue is different.
Bai Hua: If the current repayment amount is not paid off before the repayment date (monthly 10 day), the corresponding overdue interest will be generated. The specific calculation method is 0.05% of the overdue amount.
Loan: the overdue fee is calculated by the overdue bill amount (overdue principal plus interest), and the interest rate is 65438+ 0.5 days overdue (not counting days).
Online merchant loan: the overdue interest of online merchant loan is relatively high, and the calculation formula is: overdue bill amount (overdue principal plus interest) × interest rate × 1.5× overdue days (excluding the current day).
4. Online loans
At present, there are many platforms in the market, and the interest rates of overdue loans on different platforms are different. Take the loan auction as an example, the overdue interest per installment = 0.7‰ of the overdue principal per installment. If the borrower's information is exposed 90 days overdue, the lender may take legal proceedings or find a collection company to collect it.
Even if multiple applications for online loans are not overdue, the black index of online loans will be damaged and it will be judged as a blacklist of online loans. Once it becomes a blacklist of online loans, not only will online loan applications not pass, but even flower beds and loan forums will be reduced, and even serious ones will be closed.
In addition to protecting personal information, borrowers can also learn about their online loan usage, including detailed information such as comprehensive scores and application records, as well as the status of personal online loan big data. If big data has been chaotic, it should be corrected in time to avoid a major impact on personal credit information.