It will lead to the damage of credit information and the difficulty of loan: loan is the loan relationship between the buyer and the bank. Once the buyer's house appears in loans overdue, the corresponding loans overdue record will be displayed on the repayment record of the bank. In the bank's credit information system, the dishonest behavior of the lender will be recorded in. In the later stage, it will become very difficult when the lender needs to use personal credit to apply for a loan or credit card again. It should be noted that even if the loan is paid off, the personal credit stain will still be recorded in the bank's credit information system for up to 5 years.

1. Pay penalty interest and late fee: In any case, the money owed to others will be paid back after all. Those who are overdue should not only repay the basic loan, but also pay the overdue interest and late payment fees generated by the overdue mortgage. As for the specific amount and proportion of penalty interest and late payment fee, banks are slightly different. Basically, if the mortgage is paid within 7 days, there will be no late payment fee. If it exceeds 7 days, the late payment fee and penalty interest will be levied at the same time, which is about 30%-50% of the original mortgage interest rate.

2. If you are sued by the bank, you still need to repay the remaining loan: when buying a house, the buyer will sign a house purchase loan contract with the bank. In the contract, the bank will generally stipulate that if the lender defaults on repayment for three consecutive times or six times in total, it will bear the corresponding liabilities for breach of contract, including repaying all the loan principal and interest in one lump sum. If the remaining loan has not been repaid for more than 3 months, the bank will bring a lawsuit to the court to demand the lender to repay the principal and interest, as well as the litigation costs and other extra expenses arising therefrom.

Life is affected and travel is restricted: when personal loans rise to the level of legal proceedings, the situation will become very serious. Not only do you have to face the risk of repayment, fines and dishonesty, but your daily life may also be affected. For example, buying a train ticket or a plane ticket may be rejected and you cannot go abroad, but you will also be blacklisted. In this era, it is really difficult to do anything without credit.

4. The penalty interest for one day overdue is that the penalty interest for one day overdue mortgage depends on the loan interest rate, and the loan interest rates of different mortgage types are different. For example, if you buy a house with a provident fund loan, the penalty interest will be charged at 150% of the loan interest rate, and commercial loans will be charged at 130% to 150% of the interest rate agreed in the loan contract.