Users must use the designated bank card to repay the mortgage, and deposit the repayment funds into the designated bank card before the repayment date, so that the system can deduct the money normally on the repayment date. When using the salary card to repay the loan, the user will not have the operation of saving money in the bank card, so when the balance of the salary card is insufficient, the automatic deduction will fail. It is more advantageous to repay the mortgage with other bank cards than with salary cards.
Of course, the monthly salary of users is paid on time, and there is no arrears of wages, so the salary card can also be used as a mortgage card.
At present, many companies pay salaries on behalf of banks. It stands to reason that when applying for a mortgage, you can provide a salary card as a repayment card, so that the bank can deduct money from the card to repay the loan. However, some banks do not support the direct use of salary cards for mortgages.
Applying for a loan with a salary card as a voucher, if the borrower repays the loan on time and is not overdue, generally there will be no adverse consequences. However, if the borrower repays or fails to repay on time, it will have a bad influence on the credit of the salary card holder. If the loan platform is connected with the central bank's credit information system, it will also upload the overdue records of the salary card holders to the credit information system, leaving a bad credit record on the personal credit information report, which will affect the handling of loans and credit cards in the future.