Mortgage is generally bound to a bank card, allowing the banking system to deduct money from the card on the monthly repayment date. And if the bank does not deduct money from the repayment card on the repayment date, it may be because of the following reasons:

1, insufficient balance:

If the balance in the bank card used to repay the mortgage is not enough to repay the monthly payment of the current month, the bank will not be able to deduct the money because of the insufficient balance, and the money in the card will not be deducted. Unless the borrower deposits enough funds, the bank will deduct money from the card.

2. Abnormal card:

If the bank card used to repay the mortgage is abnormal, such as being frozen, then the bank may not be able to deduct the repayment from the card.

3. System upgrade or failure:

Sometimes the banking system will be upgraded or collapsed. When the banking system is upgraded or collapsed, it may not be possible to deduct money according to the normal process. Therefore, it may be necessary to wait until the banking system is upgraded or the fault is solved before deducting money from the repayment card.

Can the repayment date of mortgage be changed?

The date of mortgage repayment cannot be modified. This is because:

The repayment date is subject to the loan date, that is, the loan begins to bear interest and the date cannot be adjusted. The repayment date is clearly marked on the purchase contract at the time of loan. When the lender handles the mortgage loan formalities, the bank has set the repayment date in the computer system, and the whole computer system cannot be changed casually, which will be chaotic.

Generally, after the loan is repaid, the bank will send a text message or call to inform the repayment amount and date. You can also call the bank's customer service hotline for enquiries. General banks will also send electronic bills or mail bills to repayment customers to specify the repayment date.