1. What is the maximum upper limit of penalty interest?

The penalty interest shall not exceed 24%, and some countries will not provide protection if it exceeds 24%. Penalty interest is the penalty paid by the borrower due to overdue payment due to failure to repay the loan by the specified date. The lender can extend the loan. At this time, the lender will generally modify the original term. During the remaining loan period, the lender will increase the interest rate. This new interest rate is called the default interest rate. According to relevant regulations, the lender and the borrower have agreed on both overdue interest rates and liquidated damages or other charges. The lender may choose to claim overdue interest, liquidated damages or other charges, or they may all claim them together, but the total exceeds the annual interest rate of 24 %, the people do not support it. The new policy stipulates: From the date of overdue payment, interest will be charged on the principal part of the overdue payment at the floating rate of each period plus 50%, and the original floating period and floating interest calculation method remain unchanged; for the interest part of the overdue payment, the penalty will be charged. Compound interest is calculated at interest rate. Compound interest calculation uses the unpaid principal and interest of the previous period as the principal of the next period. When calculating, the amount of the principal of each period is different. The above is a sharing about the maximum penalty interest rate. I hope the above content will be helpful to you! Legal basis: Article 30 of the "Interpretation of the Supreme People's Court on Several Issues Concerning the Application of Law in the Trial of Private Lending Cases": The lender and the borrower have agreed on both the overdue interest rate and liquidated damages or other fees. The lender may choose to claim overdue interest. , liquidated damages or other charges can also be claimed together, but the people will not support the part that exceeds the annual interest rate of 24%.

2. What is the maximum daily penalty and interest rate?

The penalty and interest for bank credit cards is 0.5% per day, and each unit price has its own regulations. There may be a fine of 5% for a single transaction. wait.

3. What is the maximum fine for bank credit card late payment fees according to the law?

Late payment fees are a small problem. If you only pay 550 yuan for 4 days, the maximum penalty is more than 20 yuan, but your credit integrity will be greatly affected. If it is affected, it will be very difficult for you to get a loan to buy a car or a house in the future/

4. The maximum limit of penalty interest

Legal analysis: Penalty interest shall not exceed 24%, and some countries will not provide protection if it exceeds 24%. . The law stipulates that if the borrower and the borrower have an agreement on the overdue interest rate, the agreement shall prevail, but it shall not exceed four times the one-year loan market quoted interest rate when the contract is established.

Legal basis: Article 28 of the "Regulations of the Supreme People's Court on Several Issues Concerning the Application of Law in the Trial of Private Lending Cases" The agreement between the borrower and the borrower shall be followed, but the market quoted interest rate for one-year loans shall be limited to four times.

The overdue interest rate has not been agreed upon or the overdue interest rate has not been agreed upon:

(One interest rate and no overdue interest rate has been agreed upon. The lender claims that the borrower shall refer to the then-current interest rate from the date of overdue repayment. If the one-year loan market quoted interest rate standard is calculated, the people should support the borrower to pay the interest during the period of capital occupation according to the interest rate within the borrowing period from the date of overdue repayment.