1. overdue penalty interest: during the overdue period, the bank will charge overdue penalty interest at the daily interest rate. The longer the overdue days, the more the penalty interest amount.
2. Overdue record: If it is overdue for three months, the bank will report the overdue record to the credit bureau, which will have a negative impact on the personal credit record.
3. Restrict lending: Overdue records may lead to a decline in personal credit rating, thus limiting the ability of individuals to apply for other loans in the future.
4. Collection means: the bank will take various collection means such as telephone collection and door-to-door collection to recover overdue funds.
5. Legal risk: In the case of overdue mortgage, the bank has the right to take legal measures to recover the arrears, which may lead to individuals being forced to enforce property and auction real estate.
6. Loss of loan conditions: Overdue repayment will make individuals ineligible to enjoy some preferential loan policies, which may make individuals unable to enjoy the corresponding loan conditions again in the future.
To sum up, a mortgage overdue for three months will result in overdue penalty interest, negative credit record, limited borrowing ability, collection behavior, legal risks and loss of loan conditions. Therefore, timely repayment is very important. If you encounter repayment difficulties, you should consult the bank as soon as possible and try to solve them.
Supplementary information:
China Personal Credit Information System evaluates a person's credit status through the credit information provided by various enterprises and financial institutions, including bank loan records and credit card repayment records. Overdue repayment will become one of the negative factors of personal credit record, which will have a negative impact on personal credit rating and borrowing ability. Therefore, it is very important to abide by the repayment agreement and repay on time for maintaining a good personal credit record.