Hello, penalty interest means that the borrower fails to repay the loan within the time specified by the bank, which leads to overdue; If the monthly repayment is overdue, the bank will calculate the interest on a daily basis. That's overdue interest. Please refer to the above answers provided by Ronglian Ye Wei.
2. What is the penalty interest on the loan from commercial loan to provident fund?
If you need to pay liquidated damages, you generally need to handle the transfer business. And if you can, you have to pay a certain price.
It should also be noted that to convert commercial loans into provident fund loans, customers must meet the following conditions:
1, housing provident fund is paid on time, which meets the requirements of local provident fund loans;
2. The purchased property has obtained the local real estate license.
Third, Beijing, provident fund loans, overdue repayment for one month, how to calculate the fine?
The penalty interest is calculated according to the overdue amount, that is, on the basis of the normal interest rate, a certain percentage of penalty interest is added to the amount not deducted on the repayment date.
After finding overdue, you should take the initiative to contact the provident fund center or the deduction bank to return the overdue loan as soon as possible to avoid more penalty interest.
Don't worry, early repayment of overdue loans will not generate astronomical penalty interest, up to tens of dollars.
The penalty for overdue repayment of provident fund is generally a fine of 6,543,800 yuan but less than 50,000 yuan.
If the unit does not handle the registration of housing provident fund deposit for its employees or the establishment of housing provident fund accounts, the housing provident fund management center shall order it to be handled within a time limit; Failing to handle it within the time limit, a fine of 6.5438+0 million yuan and 50,000 yuan shall be imposed.
If the unit fails to pay or underpays the housing provident fund within the time limit, the housing provident fund management center shall order it to pay within a time limit; If the deposit is not made within the time limit, it may apply to the people for compulsory execution.
Housing accumulation fund refers to the long-term housing savings paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units, social organizations and their employees.
Housing provident fund deposit scope:
The following units and their employees (excluding foreign employees working in the following units)
1, institutions;
2. State-owned enterprises, urban collective enterprises, foreign-invested enterprises, enterprises invested by Hong Kong, Macao and Taiwan businessmen, urban private enterprises and other urban enterprises or economic organizations;
3. Private non-enterprise units and social organizations;
4. Permanent representative offices of foreign, Hong Kong, Macao and Taiwan invested enterprises and other economic organizations.
Urban individual industrial and commercial households and freelancers can apply for housing provident fund deposit (note: not all housing provident fund management centers in community cities allow urban individual industrial and commercial households and freelancers to deposit housing provident fund, please consult local housing provident fund management agencies for details).
The deposit ratio of employees and unit housing provident fund shall not be less than 5% of the average monthly salary of employees in the previous year; Conditional cities can appropriately increase the deposit ratio. The specific deposit ratio shall be drawn up by the Housing Provident Fund Management Committee and submitted to the people's governments of provinces, autonomous regions and municipalities directly under the Central Government for approval after being audited by the people's governments at the corresponding levels. The monthly deposit base of urban individual industrial and commercial households and freelancers' housing provident fund is calculated in principle according to the average monthly tax revenue of the depositor in the previous year.
4. What does the penalty interest of provident fund loan mean?
Penalty interest means that the borrower fails to repay the loan within the time specified by the bank, which leads to overdue; If the monthly repayment is overdue, the bank will calculate the interest on a daily basis. That's overdue interest.