逾期罚息 meaning in English

late charge

If the borrower defaults in payment of any of the monthly instalments , a penalty interest accruing on a daily basis at a rate stipulated by the people ' s bank of china will be imposed on the deferred payment
如借款人于每月还款到期日未能清付应缴款项，贷款人将按照中国人民银行规定的罚息利率按逾期天数逐日向借款人计徵逾期罚息。
Although repay every months with lowermost reimbursement specified amount , loan won ' t have exceed the time limit , but if press lowermost reimbursement specified amount all the time , spend reimbursement , there can be a large sum of odd loans to want to return when expiring to loan , if loan of this part the rest cannot repay on time be about to calculate exceed the time limit is punished breath ; had expired because of loan at the same time , cannot the word house of reimbursement still is facing the risk that is dealt with , if want to repay slowly , had had not enough time at this moment , when loan expires must sum repays end
虽然每月以最低还款额偿还贷款不会有逾期，但假如一直按最低还款额度还款，到贷款到期时就会有一大笔剩余贷款要还，这部分剩余贷款假如不能按时偿还就要计算逾期罚息；同时因为贷款已经到期，不能还款的话房子还面临着被处置的危险，这时假如想要慢慢偿还已经来不及了，贷款到期时必须一次全额偿还完毕。