1. interest rate: overdue interest is usually higher than the normal loan interest rate, and the specific interest rate can be determined according to the contract.
2. Days overdue: The calculation of overdue interest is usually based on the number of days overdue. Once overdue, it will generate corresponding overdue interest every day.
3. overdue principal: the calculation of overdue interest also depends on the amount of overdue principal. The calculation basis of overdue interest can be determined according to the balance of overdue principal.
Generally speaking, a certain percentage of overdue interest will be generated every day during the overdue period, usually based on the annualized interest rate. The calculation formula of overdue interest is as follows:
Overdue interest = overdue principal × overdue interest rate × overdue days
The specific details of interest calculation can be found in the loan contract, and the calculation method of overdue interest and the specific value of overdue interest rate are usually agreed in the contract. The overdue interest shall be calculated according to the agreement in this Contract and the specific circumstances of overdue days and overdue principal.
To sum up, loans overdue's interest is calculated according to the loan contract, including overdue interest rate, overdue days and overdue principal. During the overdue period, the overdue interest shall be calculated according to a certain proportion every day. The specific calculation method can be determined according to the contract.
Extended data:
In practice, different banks and lending institutions may have different methods and agreements for calculating overdue interest. Some banks may set a fixed overdue interest rate after overdue, and some banks may set different overdue interest rates according to the length of overdue time. In addition, overdue interest may be regulated and restricted by local regulatory authorities.
More specific information such as loan type, interest rate agreement and overdue days can provide more accurate answers. In addition, if specific cases involving overdue interest are involved, it is recommended to consult professionals or relevant institutions to obtain accurate information and suggestions.