1. A few days' delay in mortgage payment is not overdue. Usually in China, if the mortgage repayment is completed within one or two working days after the repayment date agreed in the loan contract, it will not be regarded as overdue.
2. If there is a clear stipulation in the penalty clause, it shall be calculated in accordance with the penalty clause. Some loan contracts will specify the specific number of overdue days and the corresponding amount of liquidated damages, which need to be calculated according to the contract.
3. Overdue for more than one month may lead to credit risk. Banks or financial institutions usually submit overdue records to credit reporting agencies. The longer the overdue period, the greater the impact on personal credit rating.
Summary:
In China, under normal circumstances, a few days' delay in mortgage payment will not be regarded as overdue. However, it is necessary to determine whether there is a breach of contract and whether it is necessary to pay the corresponding liquidated damages according to the loan contract. Too long overdue time may have a negative impact on personal credit.
Related promotional materials:
1. People's Republic of China (PRC) Contract Law: China's contract law is an important part of China's civil legal system, which clearly stipulates and restricts loan contracts and other related contracts.
2. Regulations of People's Republic of China (PRC) Municipality on Credit Information Management: This regulation regulates the behavior of credit information institutions and the management of personal credit information, and overdue records will affect personal credit rating.
3. It is suggested to communicate with loan banks or financial institutions in time. If the repayment cannot be made on time due to special circumstances, we can negotiate to postpone the repayment or formulate other solutions to avoid the adverse consequences caused by overdue.