1. Penalty interest: Banks usually specify the repayment date of mortgage loans. If loans overdue lasts for one day, the bank may charge a penalty interest. Overdue penalty interest is an extra fee calculated according to a certain proportion of unpaid principal, which is usually high. Overdue penalty interest may increase the repayment burden and put pressure on the personal economy.
2. Credit record is damaged: mortgage is a long-term loan, and the repayment will be recorded in the personal credit report by the bank. If the repayment is overdue for one day, the bank will record the overdue situation, which may have a negative impact on the personal credit record. Credit record is an important basis for evaluating personal credit status, and it may be restricted by bad credit records when borrowing and applying for credit cards in the future.
3. Impact on credit application: Overdue repayment may adversely affect personal credit application. Banks will refer to personal credit records when approving loans. If there are overdue records, it will affect the pass rate of credit application. In the case of persistent overdue repayment, banks may refuse loan applications or raise interest rates.
To sum up, if the repayment date of the mortgage is overdue by one day, it may lead to overdue penalty interest, which will have a negative impact on personal credit records and may also affect the pass rate of personal credit applications. Therefore, it is very important to repay on time, avoid overdue repayment and maintain a good credit record.
Extended data:
According to China's "People's Republic of China (PRC) National Debt Law", if the debtor fails to perform the payment obligation within the time limit, the creditor has the right to demand the debtor to pay the interest during the delayed performance. The calculation method of specific interest shall be implemented according to the agreement or state regulations.
The above is the answer to the possible impact of one day overdue mortgage repayment date. I hope the above information can help you.