The loan overdue calculation formula is a method to calculate overdue penalty interest based on the loan amount, interest rate and overdue days. The specific formula is as follows:

1. Overdue penalty interest amount = loan amount × overdue interest rate × number of overdue days

The above formula is explained in detail below:

1 . Loan amount: refers to the amount of the loan borrowed by the borrower, which can be a fixed amount or the total amount of the loan.

2. Overdue interest rate: refers to the penalty interest rate that needs to be paid when the loan is overdue. Generally, overdue interest rates will be higher than normal interest rates.

3. Overdue days: It is the number of days that the borrower has not repaid the loan overdue, usually calculated in natural days. For example, if it is 5 days overdue, the number of days overdue is 5.

To sum up, the loan overdue calculation formula is a method to determine the amount of overdue penalty interest by calculating the loan amount, overdue interest rate and overdue days. According to this formula, the borrower can calculate the amount of overdue penalty payable based on the actual situation.

Extended information: The calculation formula for loan overdue penalty interest is formulated based on relevant Chinese laws and regulations and loan contracts. In actual operation, the calculation method of overdue penalty interest may be different according to different financial institutions and loan contracts. Therefore, when making specific calculations, borrowers need to refer to relevant laws and regulations and the provisions of the loan contract.

In addition, borrowers should strictly repay on time during the repayment process to avoid overdue penalty interest. If you are indeed unable to repay on time, you should promptly negotiate with the lending institution and repay the overdue amount as soon as possible to avoid additional financial losses.

The above are the answers and explanations about the loan overdue calculation formula.

Hope this helps!