When the default interest is calculated for one day overdue, the interest is different: the default interest of the provident fund is 3.25%, and the default interest of the commercial loan is charged according to the interest rate agreed in the loan contract of about 130% to 150%.
1, provident fund loan
If you use the provident fund loan to buy a house, and the mortgage repayment is overdue, you will be charged a penalty interest according to the loan interest rate 150%. At present, the annual interest rate of individual housing provident fund loans for less than five years (including five years) is 3.25%, and the annual interest rate of loans for more than five years is 3.75%. For example, Xiao He bought a suite with a provident fund loan, with a loan interest rate of 3.25% and a monthly mortgage of 3,000 yuan, so the penalty interest for one day overdue is 3,000× (3.25% ÷ 365×150% )×1= 0.40 yuan.
2. Commercial loans
If the commercial loan is used to buy a house, and the mortgage is overdue, the penalty interest will be charged according to the interest rate 130% to 150% agreed in the loan contract. Similarly, for example, Xiao He bought a suite with a commercial loan, and the interest rate stipulated in the loan contract was 3.95%, and he had to repay the mortgage of 3,000 yuan every month. If the penalty interest is calculated according to the agreed interest rate 130%, the penalty interest for one day overdue is 3000×(3.95%÷365× 10).
Mortgage loan procedure
1. The borrower should fill in the Application for Housing Mortgage before the loan, and submit the following supporting materials issued by the bank: the borrower's fixed income certificate issued by the borrower's unit; Credit certification documents such as business license and legal person certificate of the loan guarantor; Legal and valid identity certificate of the borrower; The relevant certificate of the ownership of the house or the certificate that I have the right to the house according to law; Appraisal report, appraisal report and insurance documents of mortgaged real estate; Contracts, agreements or other supporting documents for the purchase and construction of houses; Other documents or materials required by the lending bank.
2. The bank examines the borrower's loan application, purchase contract, agreement and related materials.
3. The borrower shall hand over the title certificate, insurance policy or securities of the collateral to the bank for safekeeping.
4. The borrower and the guarantor of both parties sign the housing mortgage loan contract and notarize it.
5. After the loan contract is signed and notarized, the bank's deposits and loans to the borrower are transferred to the purchase contract or agreement. 6. The loan applicant repays the loan on a monthly basis.
China Bank's credit card overdue repayment 1 day, will there be interest, and how to calculate it?
There will be no interest.
China Bank has a 3-day grace period for ordinary credit cards and a 9-day grace period for repayment of platinum cards. Repayment before 20: 00 on the last day of the grace period at the latest is regarded as normal repayment, and no cost will be incurred. Some special cards do not enjoy grace period service.
China Bank Credit Card is an international standard credit card with one card and two currencies. Without prepayment, you can easily use your card at home and abroad within the limit and enjoy an interest-free loan for up to 50 days. Bank of China has overseas branches in 20 countries and regions around the world.
Extended data:
China Bank Credit Card Function:
1. You can spend money without overdraft, and enjoy an interest-free period of 20-50 days to repay on time without interest.
2. swiping a card while shopping is not only safe, hygienic and convenient, but also a bonus gift.
3. Special merchants who hold cards in banks can enjoy preferential treatment.
4. Accumulate personal credit and add the credit record to the credit file of the cardholder.
5. Access to China is barrier-free, and you can withdraw money or spend money by credit card at ATMs and POS machines with UnionPay logo.
6. Various discounts and lucky draw activities throughout the year.
7. Mail the statement free of charge every month, and grasp every consumption expenditure transparently.
8. Unique supplementary card function, suitable for husband and wife to jointly manage money or master children's financial expenses.
9. The free choice of one card and two currencies is popular all over the world, and consumption abroad can repay in RMB.
10, 24-hour free 800 telephone service, loss reporting takes effect immediately, and there is no risk of losing the card.