The article pointed out that being five days overdue on a mortgage loan may bring about a series of adverse effects. First and foremost, if you are overdue, you will not only have to pay additional penalty interest, but the penalty interest will increase with the number of days overdue. Secondly, overdue records will be reported by banks to the central bank’s credit reporting system, causing damage to personal credit. Even if they are paid off later, the bad records will not be deleted until at least five years later. This may affect applications for credit cards and loans because financial institutions will check Credit report serves as the basis for approval. Therefore, it is crucial to maintain on-time repayments, especially pay attention to automatic deductions for mortgage loans, ensure that the repayment account has sufficient funds, and avoid non-malicious overdue due to forgetting to repay during holidays.

In order to avoid overdue mortgage loans, here are some suggestions: First, make it clear that mortgage repayments are not affected by holidays, and be sure to ensure that there are sufficient funds in the account on the deduction date. Secondly, even if you are busy, you should not neglect repayment. If you forget, you should contact the bank in time to make up the payment as soon as possible to minimize non-malicious overdue payments. Finally, understand the contract provisions for early repayment, evaluate whether it will truly save interest, and if necessary, make preparations for repayment in advance to avoid encountering the outage period of the central bank's payment and clearing system when making inter-bank transfers.