1. The provident fund loans overdue will also generate corresponding penalty interest according to the overdue time, resulting in an increase in personal liabilities.
2. Once the provident fund loan is overdue, it will have a negative impact on the user's credit information, and the overdue record will be uploaded to the personal credit information report, which will also affect the subsequent loans.
3. If a guarantor is provided when applying for a provident fund loan, it will also bring trouble to the handling of the guarantor's credit business.
In a word, the consequences of one-off provident fund loans in loans overdue are quite serious. Users are advised not to have overdue repayment, and deposit enough repayment amount in the provident fund loan repayment account every month to avoid overdue as much as possible. In addition, if the provident fund loan is overdue, the best way is to pay off the loan and default interest as soon as possible to avoid more serious consequences.
1. How serious is the provident fund overdue by one day?
Provident fund loans are the first choice for many people to buy a house, because provident fund loans are more cost-effective than commercial loans, but mortgage loans are longer than other loans, and it is inevitable that there will be financial difficulties or forgetting to repay, resulting in overdue phenomena.
When making provident fund loans, it depends on whether there will be a grace period for banking institutions. If there is a grace period, then our operation will basically not be overdue. If there is no grace period, you should pay the house payment as soon as possible and ensure that you can contact the bank in time to explain the situation, so that it will not be included in the credit information system.
Moreover, in the transaction process, as long as our time drags on, the penalty interest and time will bring us more destruction.
First of all, we should know that with the development of the times, more and more people choose housing provident fund loans. Provident fund loans are not as simple as we thought. It's no problem if we can repay the loan on time, so as to ensure that the loan is not overdue.
Although loans can help us solve our urgent needs, they provide us with a more stable living space. However, we should try our best to ensure timely repayment and not cause overdue phenomenon.
Second, what will happen to the provident fund in loans overdue once?
1. Suspension of withdrawal of provident fund
According to the provisions of the provident fund management policy, if the loan user is overdue, the provident fund management center will suspend its provident fund withdrawal until the loan is repaid normally.
In addition, if it is overdue for more than 2 times in a row, the provident fund management center will stop withdrawing the provident fund, and will directly deduct money from the provident fund account of the main lender to make up the monthly payment until all the loans are paid off.
2. Be charged interest
Although loans overdue will suspend the withdrawal of provident fund, it is not easy to simply suspend the withdrawal. So being charged with interest is also a punishment.
For the overdue part of the provident fund in loans overdue, a penalty interest of 50% shall be charged on the basis of the loan interest rate agreed in the contract according to the regulations of the central bank.
If it is a malicious long-term overdue repayment, the bank can dispose of the lender's collateral and auction the collateral in accordance with the contract, and use the auction proceeds to make up for the loss of the provident fund.
Implicated guarantor
Some people need to provide a guarantor to apply for provident fund loans, so if the lender's provident fund loans are not paid off, it will also bring trouble to the guarantor's credit business, which may lead to the guarantor's inability to handle mortgage, car loan, credit card, personal loan and other businesses. It is even possible to deduct the repayment from the guarantor's account to repay the loan for the lender.
4. Causing bad credit records
After the deadline, there will be bad records on the personal credit report.