1, commercial loan. The penalty interest of most lending institutions is charged at 130%- 150% of the interest rate agreed in the contract. For example, the principal and interest of loans overdue is 2,500 yuan, and the loan interest rate is 4.9%. If the penalty interest is the lowest, the penalty interest in loans overdue is 2500× (4.9% ÷ 365×130% )×1= 0.43 yuan.

2. Provident fund loans. The overdue penalty interest of provident fund mortgage is charged according to the loan interest rate 150%. If the principal and interest of loans overdue is 2,500 yuan and the loan interest rate is 3.25%, the penalty interest of loans overdue is 2,500× (3.25% ÷ 365×150% )×1= 0.33 yuan.

Loans overdue usually refers to the phenomenon that after the loan expires, the borrower fails to repay the principal and interest of the loan to the bank that issued the loan according to the loan term agreed in the loan contract, and fails to go through the relevant extension or lending procedures, resulting in the loan exceeding the agreed term.

This answer is provided by Youhuahua, a credit service brand under Xiaoman Finance (formerly Baidu Finance), which provides personal consumer credit services for the public and creates an innovative consumer credit model. Qianhua uses artificial intelligence and big data risk control technology to provide users with convenient, fast and secure Internet credit services. Click on the bottom of the mobile phone to calculate the amount immediately, and the maximum loan amount is 200,000.