Although your mobile phone is not valuable, if you do not repay it on time, interest and late fees will accrue, and it will have an impact on your credit record. The following are the penalties for overdue installments. You can take a look at them: Overdue installments not only have a late payment penalty of 5% for the minimum unpaid part, but also a penalty interest on the full amount of the bill (the daily interest rate is 0.05%, the interest will be calculated starting from the day of consumption, and the interest will be accrued monthly. Until the principal and interest are repaid), a bad credit record will be generated in the Credit Reference Center of the People's Bank of China, and it will be difficult to apply for credit cards and bank loans within 5 years; it is recommended that you pay subsequent arrears as soon as possible to avoid causing greater trouble to yourself. .
Notes on bank loans:
1. Apply for a loan amount within your ability
When applying for a personal housing loan, the borrower should have an understanding of his or her current financial situation. Make correct judgments about your strength and repayment ability, and make correct and objective predictions about your future income and expenses.
2. Choose a good loan bank when applying for a mortgage
For borrowers, if you are buying an existing house or a second-hand house, you can choose the loan bank by yourself. The more and more detailed the mortgage bank's service offerings, the more flexible and diverse personal financial services you will receive, as well as a rich portfolio of services and products. From the perspective of citizens, there is no doubt that the more choices citizens have, the better.
3. Choose the repayment method that best suits you
At present, there are basically two repayment methods for housing loans: one is the equal principal and interest repayment method, and the other is the repayment method of equal principal and interest. The first is the equal principal repayment method. The advantage of the equal principal and interest repayment method is that the borrower can accurately grasp the monthly repayment amount and arrange the family's income and expenditure in a planned way. The equal principal repayment method is more suitable for individuals who have strong repayment ability in the early stage of repayment and hope to return a larger amount in the early stage of repayment to reduce interest expenses.
4. The information provided to the bank must be true
When applying for a personal housing commercial loan, banks generally require borrowers to provide proof of economic income. For individuals, true personal occupation should be provided. , proof of position and recent economic income. Because if your income does not reach a certain level and you do not have enough ability to repay the loan, but you exaggerate your income level, you are likely to default in the early stage of repayment, and if it is confirmed by bank investigation that you provided false certification, it will cause The bank's trust in you will be greatly reduced, which will affect your loan application.
5. The address provided by the borrower must be accurate and timely
The address provided by the borrower to the bank is accurate so that the bank can easily contact him and receive repayment from the bank on time every month. Notice. If the People's Bank of China adjusts the loan interest rate, you will receive an interest rate adjustment notice from the bank at the beginning of the year. In addition, borrowers are particularly reminded that when you move to a new home, you must promptly inform the lending bank of your new contact address and contact information.
6. Repay on time every month to avoid penalty interest
For borrowers, they must pay attention to whether there is enough money in their repayment account before the monthly agreed repayment date. funds to prevent defaults caused by your own negligence and being fined by the bank. Do not cause financial losses due to your own negligence, and at the same time, leave a bad credit record in the bank.