1. Commercial loans. Most lending institutions charge penalty interest at 130-150% of the interest rate agreed in the contract. For example, the overdue principal and interest of the loan is 2,500 yuan, and the loan interest rate is 4.9. Based on the minimum penalty interest calculation, the penalty interest for one day the loan is overdue is 2,500 × (4.9÷365 × 130) × 1 = 0.43 yuan.

2. Provident fund loan. Overdue penalty interest on provident fund housing loans is charged at 150% of the loan interest rate. If the overdue principal and interest of the loan is 2,500 yuan and the loan interest rate is 3.25, then the penalty interest for one day the loan is overdue is 2,500 × (3.25 ÷ 365 × 150) × 1 = 0.33 yuan.

Loan overdue usually means that after the loan expires, the borrower fails to repay the loan principal to the bank that issued the loan according to the loan time limit stipulated in the loan contract without going through the relevant extension or re-loan procedures. and interest, thus causing the loan to exceed the agreed period.

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