In a word, users only need to ensure that they repay their loans on time. As for the monthly payment, as long as the loan interest does not decrease, the bank will initiate supplementary deduction.
Will the mortgage deduction be deducted twice if it is unsuccessful?
If the system fails to deduct money on the repayment date, it will usually initiate the second deduction on the same day, so as to prevent the user from overdue due to the failure of the first deduction. Only a few loans are deducted once on the repayment date. If the deduction fails that day, the second deduction will be started. Whether the user is overdue at this time depends on whether the loan has a grace period for repayment.
If the balance in the repayment bank card is insufficient, it will easily lead to the failure of deduction. Please ensure that the bank card has sufficient repayment amount before the repayment date.
When will the mortgage be deducted on the deduction date?
After binding the bank card and signing the automatic deduction agreement with the bank, the bank system will automatically deduct the repayment from the repayment card on the repayment date. The deduction time of the banking system is generally not fixed. The deduction time of different banks may be different.
However, it is usually deducted twice on the repayment date, once in the morning and once in the evening. And complete the deduction before 24: 00 pm on the repayment date.
In the morning, most banks deduct money between 0 am and 6 am; The charge deduction time at night is generally around 19, and may be between 17 and 2 1. There may be a delay if there are special circumstances.
In order for the banking system to successfully complete the deduction on the repayment date and successfully repay the monthly loan, the borrower needs to ensure that there are enough funds in the repayment card on the repayment date. If the balance in the repayment card is insufficient, it is best to charge enough funds into the card on the repayment date.