1. How to calculate the default penalty for CCB credit card?

The calculation method of Construction Bank's liquidated damages you asked about is:

It is calculated and collected based on 5% of the outstanding portion of the minimum repayment amount of the current period. The minimum value for RMB accounts is 5 Yuan, the minimum value of the account is 1 USD/1 Euro. Moreover, the liquidated damages caused by overdue repayment are calculated and collected on a monthly (period) basis (the same as the interest collection method). Based on the above, the calculation formula for overdue liquidated damages for Construction Bank credit cards is - liquidated damages for the current period = (minimum repayment amount for the current period - amount repaid for the current period) × 5%.

Unfortunately, the China Construction Bank credit card you hold is overdue. This kind of overdue credit card will result in relatively high liquidated damages and interest. Liquidated damages are what was previously called late payment fees.

2. Standards for charging liquidated damages for bank loans

Different bank loans have different standards for charging liquidated damages. If a China Merchants Bank loan is repaid in advance within one year, the charge will not be lower than the actual amount. 3 months' interest on the repayment amount; if the loan is repaid in advance after one year, no less than 1 month's interest will be charged on the actual repayment amount. If a CCB loan is repaid in advance within one year, 3% of the advance repayment amount will be charged; if a loan is repaid in advance between one and two years, 2% of the advance repayment amount will be charged; if a loan is repaid in advance between two and three years, an advance repayment amount will be charged. 3% of the repayment amount. If an ICBC loan is repaid in advance within one year, 5% of the prepayment amount will be charged as a penalty; if the loan is repaid in advance after one year, no penalty will be charged. : If you apply for a bank loan and repay early, the bank will charge a certain amount of liquidated damages. Different banks have different regulations on loan liquidated damages. You should consult the bank about the specific rules for collecting liquidated damages before repaying early. Bank loan default penalties are generally three times the loan amount. There are several ways to assume liability for breach of contract: (1) Payment of liquidated damages. Liquidated damages: refers to a certain amount of money that the parties to the contract agree in the contract to pay to the other party when the contract debtor fails to perform or improperly performs its contractual obligations. (2) Damages. Damages: refers to the economic compensation made by the breaching party to the other party when the breach of contract by one party causes property losses to the other party. (3) Continued performance. Continued performance means that the arbitration agency or arbitration agency makes a judgment requiring actual performance or issues a special performance order to force the debtor to perform the contract debt within a specified period. Other remedial measures. Article 111 If the quality does not meet the agreement, the parties shall be liable for breach of contract in accordance with the agreement. If there is no agreement on the liability for breach of contract or the agreement is unclear, and it cannot be determined in accordance with the provisions of Article 61 of this Law, the injured party may reasonably choose to require the other party to bear repair, replacement, redo, Liability for breach of contract such as return of goods, reduction of price or remuneration. Article 112 If one party fails to perform its contractual obligations or performs its contractual obligations inconsistently with the agreement, if the other party has other losses after performing its obligations or taking remedial measures, it shall compensate for the losses. Overdue loans will incur liquidated damages, and the lender must also pay the overdue loan liquidated damages when repaying the debt. However, many friends have not noticed the provisions on liquidated damages in the loan contract. When the loan is overdue by accident, the overdue loan liquidated damages will increase the repayment pressure of the lender. Different lending institutions have different regulations on overdue loan penalties. Generally, 30%-50% is added to the loan interest rate as overdue penalty. For example: A customer borrows 20,000 yuan from a bank. The loan term is one month and the daily interest rate is 0.06%. If the loan is overdue for 3 days, the bank stipulates that the overdue loan penalty is 50% plus the original loan interest rate. Then, you need to pay overdue loan interest: 20,000[0.06% (150%)]3, and the overdue loan penalty is: 20,000[ 0.06% 50%] Some lending institutions use overdue penalty interest and overdue loan penalty at the same time. The overdue penalty is about 5% of the principal and interest payable in the current month, and the overdue penalty and interest are calculated separately. All in all, the money the lender has to pay due to overdue payments is much more than the normal repayment.

3. What is the rate of overdue liquidated damages for bank loans?

The proportion of overdue liquidated damages for bank loans is generally stipulated in the contract terms. In most cases, the daily interest rate for charging liquidated damages is 0.05%.

4. How to calculate the penalty for overdue bank loans

It is calculated based on the daily interest rate of 5/10,000. Interest is settled once a month, and interest is calculated and recovered.