How about a bank loan?

If it's not on yet, it's overdue. If it expires, there will be some adverse effects, as follows:

1. 50% penalty interest and 5/10000 late payment will be charged if it is overdue. And it is calculated according to compound interest. The longer the overdue period, the more money you have to pay.

2. After the deadline, the personal credit report will leave a bad record. With a bad record, it will be very difficult to borrow money from banks to buy a house, a car and a credit card, including online loans, because now the "Xinlian" has been established, and banks and online loans will receive credit information in the future. The information of Xinlian is shared by the loan platform. So there will be records in the expired places.

3. A few days overdue, the bank just sends a text message to remind the user to repay. After one month overdue, the bank customer service will call the user to urge repayment.

4. If the user doesn't pay the loan after two months, the bank will forward it to the debt collection company. At that time, the debt collection company will call your home and call the user for collection. Then the attitude will be bad.

If the repayment is not made after three months, the bank will initiate judicial proceedings and bring a lawsuit to the court. At that time, users will receive a lawyer's letter or a court summons. At that time, the court will freeze users' assets, including real estate, cars and bank accounts. If there are funds in the bank accounts, they will be used for repayment and payment of prosecution fees.

6. If we go to court to sue, users will be blacklisted as "untrustworthy". If you are blacklisted, you can't fly, take the high-speed train, stay in a star-rated hotel, be a leader, director or member of the board of directors of an enterprise, and even bring trouble to your family and your children can't go to private schools. If the circumstances are serious, they shall be sentenced to fixed-term imprisonment.

Extended data:

Relevant provisions on overdue loans of banks:

According to Article 207 of the Contract Law: "If the borrower fails to repay the loan within the agreed time limit, it shall pay overdue interest in accordance with the agreement or relevant state regulations".

According to the above provisions, combined with the actual trial, there are two main calculation methods of overdue loan interest:

First, according to the interest rate during the contract period. Within the performance period agreed in the loan contract, as long as it does not violate the provisions of the People's Bank of China on the upper and lower limits of the loan interest rate of financial institutions, and private lending is not higher than 4 times the bank loan interest rate, the interest paid by the borrower can be used to calculate the overdue interest of overdue loans according to the interest rate agreement.

Second, calculate the interest according to the relevant regulations of the People's Bank of China. This interest-bearing method still follows the agreement of the original loan interest rate during the performance of the loan contract, and does not calculate interest by stages when the interest rate is adjusted. For overdue loans, the interest rate is adjusted according to different periods determined by the People's Bank of China.

Calculate overdue interest in installments. When collecting overdue interest, the penalty interest shall be calculated according to a certain proportion, or calculated by installments according to the default interest rate of overdue loans determined by the People's Bank of China. At the same time, during and after the performance of the contract, quarterly interest settlement is adopted (short-term loans can also be settled monthly within one year), and the quarterly interest settlement date is the 20th day at the end of the quarter. If the borrower fails to pay interest on time, compound interest shall be calculated.

Of the above two interest-bearing methods, the former is generally suitable for private lending, while the compound interest in the latter is not suitable for private lending. The latter is generally applicable to bank loan contracts, while the former is not prohibited by law. The two calculation methods of interest have their own characteristics. Although the calculation method of collecting overdue interest according to the agreement is simple, it can fully embody the principle of autonomy of the parties to the contract within the scope permitted by law.

However, if it is overdue for a long time, when the national interest rate is greatly adjusted, it may lead to too high or too low interest rate, which violates the spirit of fair civil law. Although it can properly reflect the interest payable on overdue loans, the implementation process is too complicated.

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