A bank loan of 150,000 yuan is repaid in 10 years with 6% interest, which is 6% of the monthly interest rate, equivalent to an annual interest rate of 7.2%. The repayment is based on the equal principal and interest method. The monthly repayment amount is 1,757.13 yuan. The total interest repayment in 10 years is 60,855.37 yuan.

The two people above got the interest rate wrong. The current benchmark interest rate for loans over 10 years is 6.55%.

But the calculation The methods are all using financial calculators. You can also open the CCB homepage to find the financial calculator. Enter the loan amount\interest rate\period\repayment method and you can calculate it yourself.

How many days will it take for a credit card to be overdue? Check your credit report

Each bank credit card has a certain grace period for repayment. Repayments made during the grace period will not be recorded on your credit report. The grace period for credit card repayment in most banks is 3 days, and it takes effect automatically without the need for application. However, some banks have special repayment grace period regulations. The details are as follows:

1. Bank of China:

The repayment grace period of Bank of China’s Platinum Credit Card is 9 days. The grace period for other Bank of China credit cards is 3 days.

2. Postal Bank:

The repayment grace period of China Postal Bank is 4 days.

3. Guangfa Bank and Citibank:

The repayment grace period of Guangfa Bank and Citibank requires special application, which is usually about 3 days.

4. Agricultural Bank of China:

The repayment grace period of Agricultural Bank of China is 2 days.

5. Industrial and Commercial Bank of China:

ICBC’s ICBC Constellation Card and Struggle Card have a three-day grace period, while other ICBC credit cards have no grace period.

What are the consequences of an overdue credit card?

If the overdue degree reaches a very serious level, it will constitute a malicious overdraft and will be charged with credit card fraud. The sentencing standard will be based on the amount of our malicious overdraft, which includes fixed-term imprisonment of less than 5 years, more than 5 years and less than 10 years, more than 10 years, or life imprisonment, and a penalty of not less than 20,000 yuan but not more than 200,000 yuan, and more than 50,000 yuan. Fines of up to 500,000 yuan or confiscation of property.

If your credit card is overdue more than 6 times within two years, you will not be able to apply for a provident fund loan. There may be a chance of saving if we accidentally overdue once or twice, but if we are overdue three times and six times in a row within two years, then our provident fund loan will be out of reach for us. Because when banks or provident funds handle credit business, they mainly rely on the credit history of the lender in the past two years. Therefore, cardholders who want to apply for provident fund loans to buy houses must pay back on time when using credit cards

If the overdue payment is not serious, then in theory we can still apply for bank loans. Many cardholders who want to borrow money to buy a house have been overdue and have a bad credit record. If you apply for a commercial loan in this situation, most banks will increase the base interest rate by at least 10% because of your credit problem. Obviously, your cost of buying a house will increase greatly. If the number of overdue loans is high and serious, then you will be directly denied a loan by the bank. Therefore, when using a credit card, considering that we have plans to buy a house in the future, we must not be overdue.