1. The longer your overdue time, the higher the interest of the bank, because the overdue interest is calculated on a daily basis, so your repayment pressure will increase;
2. During the overdue period, you will be collected by the bank in various forms such as SMS reminder and telephone harassment, which will affect your normal life and work;
3. It will affect your personal credit. Overdue records will be uploaded to the central bank's credit information system, and your credit information will leave a stain. It is difficult to refinance; At the same time, if you go out, you will be restricted from taking transportation. If you are too untrustworthy, you will be blacklisted by the state;
4. If the overdue period is serious, the bank will sue to the court, and your property may be auctioned, and the proceeds from the house auction will be used to repay the debt.
: 1. How long does it take for the mortgage auction in loans overdue?
1. When the borrower fails to repay the loan on time for the first time, the bank will notify and remind the borrower to repay the loan on time by telephone or SMS, and there will be penalty interest; If it has not been repaid for three consecutive times, it will be urged by the bank manager; If the number of overdue repayments reaches six or more times, or the bank and the borrower fail to negotiate, the bank will sue the borrower, and then the court will enforce the house auction to repay the loan. This process usually takes about three months;
2. How long the mortgage in loans overdue will be auctioned depends on the dunning measures of the bank you borrowed, but the overdue time and the measures to be taken after the overdue will be specified in the general loan contract. So look carefully when signing the contract.
2. What can be used as collateral for bank mortgage loans?
Real estate. Bank mortgage loans can be used to mortgage real estate first, including your personal housing, family housing, real estate factories, shops and so on. However, mortgage loans with real estate generally need to be evaluated first, and the loan can reach 70% to 80% of the evaluation price after the evaluation is completed.