Forget it, if the payment is not made within the deduction time specified by the bank, it will be considered overdue. You can call the bank early the next morning and inform the bank of the situation and request not to file a credit report. However, the bank will generally say that it is automatically determined by the system and cannot be changed manually

If the deadline for bank mortgage repayment is before 12 pm on the repayment date, then the monthly payment amount must be paid in full before then , none of them are overdue. For some banks, the deadline for mortgage repayment is not 12:00 p.m., for example, it is 9:00 p.m., then the mortgage loan will be considered overdue if it is paid before 12:00 p.m. Of course, this is a special case. Most banks make repayments before 12 o'clock in the evening as normal repayments.

Moreover, the bank will deduct money multiple times on the repayment date. Users only need to ensure that there is sufficient balance in the repayment bank card.

After the payment is overdue, not only overdue interest will be charged, but also penalty interest will be paid. Because loans are generally divided into bank loans, loan company loans, private loans and pawn loans, we will also explain the legal issue of overdue penalty interest on a case-by-case basis.

1. What is the legal overdue penalty interest rate for bank loans: The state stipulates that the overdue loan penalty interest rate for bank loan borrowers who fail to repay on the date specified in the contract is the loan interest rate stated in the loan contract. An additional 30%-50% will be charged on the loan, and the lender will be charged interest at a penalty interest rate from the date of overdue payment until the lender repays the principal and interest. In addition, if the borrower fails to pay interest on time, compound interest will be charged at a penalty interest rate.

2. How much overdue penalty interest is legal for other loan methods other than banks, that is, loan companies and private loans: The law clearly stipulates that if the lender and the borrower have agreed on the overdue interest rate in advance , liquidated damages and other charges, the lender can choose to claim overdue interest, liquidated damages or other charges individually, or they can claim them together, but it should be noted that:

(1) The total exceeds the annual interest rate by 24% The People's Court will not support the part;

(2) Interest rates between 24% and 36% are natural debts. If the borrower has paid this part of the interest, it cannot request return, because this is a voluntary performance. However, if the borrower has not paid this part of the interest, the court will not support the lender's request for the borrower to pay;

(3) If the agreed interest rate exceeds 36%, the excess interest agreement is invalid. At this time, if the borrower requests the lender to return the paid interest that exceeds 36% of the annual interest rate, the court should support it.