Yes, the interest rate for loans that are overdue 14 times must be raised.

Details:

1. Legal requirements: According to Chinese law, late repayment by the borrower is a breach of contract. Banks and other financial institutions have the right to take corresponding measures for risk control and debt recovery when faced with borrower defaults. According to relevant laws and regulations of financial regulatory agencies, the interest rate of loans that are overdue 14 times must be raised.

2. Risk assessment: Multiple overdue repayments may indicate that the borrower has a higher credit risk, and the bank will re-evaluate its credit status. By raising interest rates, banks can compensate for potential losses due to increased risk and better protect their interests.

3. Market adjustment: Loans that are overdue 14 times are usually considered high-risk customers, and banks will determine the extent of the interest rate increase based on market demand and risk assessment results. This additional fee can be seen as the cost of providing loans to high-risk borrowers, and it also plays a certain deterrent role in preventing bad borrowing behavior in the market.

Summary:

According to China’s legal regulations and financial regulatory requirements, the interest rate for loans that are overdue 14 times must be raised. This is a risk control and market adjustment measure designed to protect banks' rights and interests and punish high-risk borrowing behavior. Such policies help maintain the stability and healthy development of financial markets.

Extended information:

Late repayment means that the borrower fails to perform the contract on time and pay the debt after the specified repayment date. Late repayment will have adverse effects on borrowers and creditors. Banks and other financial institutions usually evaluate the credit status of borrowers based on the number of overdue dates, overdue days, and overdue amounts, and take corresponding measures to deal with default risks. Among them, raising the interest rate of loans that are 14 times overdue is a common measure.

Please note that the content provided in the above extension is for reference only and may vary by region and specific financial institution. Please consult relevant professionals or local financial institutions for accurate information and advice.