Many people know that overdue mortgage will generate penalty interest, so let's find out what the penalty interest is.

Penalty interest for overdue mortgage:

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, if the principal and interest of loans overdue is 2,500 yuan and the loan interest rate is 4.9%, the penalty interest of loans overdue is 2,500× (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.

The above is the relevant content about overdue mortgage, and I hope it will help everyone!