Different platforms have different overdue calculation methods, and the common overdue interest calculation methods are as follows:
I. Bank loans
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%.
Second, credit cards.
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.
Third, 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).
Fourth, online lending.
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.
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How to calculate overdue interest?
At present, the calculation standard of overdue loan interest is to add 30%-50% to the loan interest rate agreed in the loan contract. Article 585 of the Civil Code of People's Republic of China (PRC) * * * If the parties agree on the calculation standard of liquidated damages for overdue payment in the contract, it shall be handled in accordance with the contract. If the agreed liquidated damages are lower than the losses caused, the people or the arbitration institution may increase them at the request of the parties; If the agreed liquidated damages are excessively higher than the losses caused, the people or the arbitration institution may appropriately reduce them at the request of the parties. If the parties concerned pay liquidated damages for delayed performance, the breaching party shall also perform the debt after paying the liquidated damages.
How to calculate loans overdue interest?
The interest after loans overdue is calculated according to the penalty interest rate, and the penalty interest rate of each bank is different. Most banks stipulate that the default interest rate will rise by about 30%-50% on the basis of the previous loan interest rate. The official reply of the Supreme People's Government on the calculation standard of liquidated damages for overdue payment stipulates: "If the parties to the contract have not agreed on the calculation standard of liquidated damages for overdue payment, the People's Bank of China may calculate the liquidated damages for overdue payment with reference to the standard of charging interest for overdue loans of financial institutions stipulated by the People's Bank of China. When the People's Bank of China adjusts the standard for financial institutions to charge interest on overdue loans, the People's Bank of China can adjust the calculation standard for calculating overdue payment liquidated damages accordingly. At present, the standard of liquidated damages for overdue payment can be calculated at four ten thousandths per day.
How to calculate the interest on overdue payment?
Calculation method of overdue payment interest: 1. If there is interest on overdue payment in the contract, the interest on overdue payment shall be calculated according to the contract. Both parties may stipulate in the contract the calculation method of liquidated damages or interest on overdue payment. 2. The interest on overdue payment is not stipulated in the contract, and if both parties cannot reach an agreement through negotiation, it can be defined by the people. People can refer to the standard that financial institutions charge interest on overdue loans stipulated by banks to calculate the liquidated damages for overdue payments. Calculation period of overdue payment interest: 1. Starting point of interest calculation period for overdue payment: (1) If the performance period is agreed, it shall be counted from the day after the expiration of the performance period. (2) If the time limit for performance has not been agreed upon, and it has not been fulfilled within the grace period after being urged by the creditor, it shall be counted from the day after the expiration of the grace period. 2. The end point of the calculation period of overdue payment interest (1) is the date when the parties finally fulfill their payment obligations. (2) If the compulsory execution procedure is entered through civil proceedings, it shall be counted as the date of performance determined by the judgment. (3) If the performance is not performed since the performance date determined by the judgment, the interest on the debt during the period of delayed performance shall be doubled. Attention should be paid to: 1, several determination methods: if the contract has agreed jurisdiction, the contract shall prevail. Where there is no agreed jurisdiction or the agreement is unclear, it shall be under the jurisdiction of the defendant's domicile or the place where the contract is performed. Where: (1) If the subject matter of the dispute is the currency of payment, the place where the party receiving the currency is the place where the contract is performed; (2) Where the real estate is delivered, the place where the real estate is located is the place where the contract is performed; (3) For other targets, the place of performance of the contract is the place of performance of the contract. 2. Prepare civil evidence. Documentary evidence: such as contracts, waybills, receipts, remittance records and other written evidence related to the case. Eyewitness testimony. Audio and video recording, electronic data. Such as telephone recording, chat records, emails, etc. If the buyer and seller cannot calculate the interest on overdue payment, they should actively seek confirmation from the source. Article 3 of the Notice of the People's Bank of China on Issues Related to RMB Loan Interest Rate (Yinfa [2003] No.251): On the issue of penalty interest rate. The default interest rate of overdue loans (loans that the borrower fails to repay on the date agreed in the contract) is changed from the current daily interest rate of 2. 1% to 0.230%-50% higher than the loan interest rate agreed in the loan contract; If the borrower fails to use the loan as agreed in the contract, the penalty interest rate will be changed from the current daily interest rate of five ten thousandths to 50%- 100% of the loan interest rate agreed in the loan contract.
How to calculate the normal interest and overdue interest of the loan, and find the formula, as shown in the following table.
Calculation formula of overdue loan interest:
Normal interest = principal interest rate = year
Overdue interest rate = = normal interest rate (for example, floating point on 1, 30% overdue is 30%)
Overdue interest = = = Actual overdue days of overdue interest of principal.
Standard for financial institutions to charge interest on overdue loans as stipulated by the People's Bank of China:
1. On the interest calculation and settlement of RMB loans. The method of interest calculation and settlement for RMB loans (not applicable to individual housing loans) shall be determined by both borrowers and borrowers through consultation.
2. Adjustment of loan interest rate during the contract period. The interest rate of medium and long-term RMB loans is fixed from the original one year to be determined by both borrowers and borrowers according to commercial principles. During the contract period, it can be adjusted monthly, quarterly and annually, or a fixed interest rate can be adopted.
The interest rate of loans with a term of more than five years shall be determined independently by financial institutions with reference to the interest rate of loans with a term of more than five years published by the People's Bank of China.
3. About penalty interest. The default interest rate of overdue loans (loans that the borrower fails to repay on the date agreed in the contract) is changed from the current daily interest rate of 2. 1% to 30%-50% higher than the loan interest rate agreed in the loan contract;
If the borrower fails to use the loan as agreed in the contract, the penalty interest rate will be changed from the current daily interest rate of five ten thousandths to 50%- 100% of the loan interest rate agreed in the loan contract.
For loans that are overdue or not used according to the purpose agreed in this contract, interest will be charged at the default interest rate from the date when they are used in loans overdue or not according to the purpose agreed in this contract until the loan principal and interest are fully paid off. For the interest that cannot be paid on time, compound interest shall be calculated at the penalty interest rate.
4. New loans issued after June 65438+1 October 1 (including June 65438+1October/2004) shall be implemented according to this notice. The unexpired loans issued before June 5438+1 October12004 are still executed according to the original loan contract, but this notice can also be executed by mutual agreement.
5. This notice shall be implemented as of June 65438+10/October 65438 +0, 2004. If the provisions on RMB loan interest rate previously issued by the People's Bank of China are inconsistent with this notice, this notice shall prevail.
Extended data
Consequences of overdue repayment
1, penalty interest
When signing a loan contract, some regulations are generally made for loans overdue. If the loan contract is overdue, there will generally be a penalty interest. For different financial institutions, the amount of penalty interest and the interest generated are different. However, as an expense that should not be spent, it is better not to generate it.
2. Credit stain
Don't underestimate this. Once in loans overdue, the bank will report the overdue records to the central bank's credit information system. Once the record is generated, it will leave a stain on the personal credit report. This little stain will form a great resistance to your future loan and credit card application. Borrowers can't lose big because of small.
3. Can't enjoy the preferential loan interest rate.
When you apply for a loan from a bank, the loan interest rate will fluctuate to varying degrees, and high-quality customers can usually get the lowest loan interest rate. Users with loans overdue records, even if they get a loan application, can hardly enjoy preferential interest rates.