1. Leave a bad record on the credit investigation. After the house appears in loans overdue, the bank will report the overdue situation of the user to the credit information system, thus leaving a record of non-performing loans on the user's credit information. Non-performing loan records will generally be kept in the user's credit report for five years, which will have a lasting negative impact on users.
2. It is not conducive to the development of credit activities in the future. After the user's mortgage is overdue, the personal credit of the user will be damaged. If credit activities are carried out in the future, they may be directly rejected by the loan platform. Even if you can apply for a loan, you may need to spend more loan interest.
It will be collected by the bank. Generally speaking, there is no grace period for mortgage loans. After the user has overdue repayment, the bank will contact the user by SMS or telephone to urge the user to pay off the arrears as soon as possible, which will have a negative impact on the daily life of the user.
4. There will be overdue penalty. After the mortgage is overdue, the bank will calculate the user's penalty interest fee. Penalty interest is calculated on a daily basis, and the penalty interest for one day overdue will be more than the normal loan interest. Therefore, the longer the user is overdue, the more penalty interest the bank will charge.
5. The mortgage contract is terminated in advance. Since there is no grace period for mortgage loans, users need to keep paying back in full and on time. If the user is overdue for a long time or many times, if there is serious overdue behavior, the bank will terminate the mortgage contract in advance according to the loan contract. At this time, users need to settle all mortgages in advance.
6. The mortgaged property is disposed of. After the bank requires the user to settle the loan in advance, if the user fails to pay off the arrears as scheduled, the bank will handle the property mortgaged by the user according to the regulations. At this time, in order to get back the funds as soon as possible, the user's property will be auctioned at a low price.
Therefore, it is very important for users to make repayment records. If you encounter special circumstances, resulting in temporary inability to repay, you should also contact the bank in time to explain the specific situation and reduce the risk of overdue.