Specifically, the problem of mortgage repayment in loans overdue can be explained in detail from the following points:
1. Legal basis: According to Article 147 of the People's Republic of China (PRC) Contract Law, if the borrower fails to repay the loan within the agreed time limit, it shall pay the overdue interest according to the agreement or the loan interest rate.
2. Calculation method of late payment fee: The specific calculation method of late payment fee can be stipulated in the loan contract, which generally includes two methods: daily calculation and monthly calculation. In the contract, the daily or monthly interest rate of the late payment fee is usually clearly stipulated, and it is calculated cumulatively according to the number of days or months overdue.
3. Contract agreement: Some loan contracts may stipulate a grace period, during which overdue repayment will not be calculated as a late fee. However, after the grace period, overdue repayment will still generate late fees.
To sum up, according to the information you provided, the mortgage is three days overdue, and according to the contract, you may have to pay a late fee. The specific amount will be determined according to the calculation method and overdue days agreed in the contract.
Extended data:
The late payment fee refers to the liquidated damages that the borrower should pay when he fails to repay the loan within the time limit stipulated in the loan contract. The setting of late payment fees aims to restrain borrowers from fulfilling their obligations on time, so as to safeguard the rights and interests of both borrowers and borrowers. The loan contract should specify the calculation method, interest rate and overdue grace period and other important terms.
What needs special attention is that the calculation method, interest rate, grace period and other terms agreed in the loan contract are binding, and both parties shall perform their obligations in accordance with the contract. If the borrower fails to pay the overdue fine, the lending institution has the right to take legal measures to recover it, which may adversely affect the borrower's credit.
The best way is to read the terms of the loan contract carefully before signing it to ensure a clear understanding of the agreed repayment obligations. If you encounter repayment difficulties, you should communicate with the lending institution in time and work out a solution through consultation to avoid the adverse consequences caused by overdue repayment.