Past-Due Loan
A past-due loan has a contractual principal, interest, or fee payment that remains unpaid after its due date under the applicable counting rule.
Delinquency and nonperformance concepts used to track missed payments, aging, cures, and migration into problem-loan status.
Past-Due Loan begins with a simple question: did a required payment remain unpaid after its contractual due date under the applicable counting convention? A loan can be past due after one missed payment and still fall short of later 30-, 60-, or 90-day reporting buckets.
Non-Performing Loan is a more serious framework-defined classification. Many prudential systems consider both material days past due and evidence that full repayment is unlikely. A loan can therefore become non-performing before 90 days, while a brief delinquency can cure without entering NPL status.
Review the signed payment terms, oldest unpaid amount, payment application, extensions, modifications, borrower condition, and reporting rule. Track whether accounts leave a problem category through genuine cure, sale, charge-off, or balance growth elsewhere in the portfolio.
Late fees, credit reporting, collections, nonaccrual, impairment, and NPL treatment can use different triggers. These pages provide general financial education rather than personalized debt, accounting, regulatory, or legal advice.
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A past-due loan has a contractual principal, interest, or fee payment that remains unpaid after its due date under the applicable counting rule.