The lender only needs to deposit the repayment into the bank card before the monthly deduction according to the repayment schedule. On the day of deduction, the bank makes unified deduction through batch business. Deposit the monthly payment in full into the debit card current account before the deduction date, and wait for the system to automatically deduct it. The system will deduct it twice in the morning and afternoon (weekends and holidays are not affected).
How to do the most cost-effective mortgage?
1. When choosing a mortgage, you must find the right repayment method. At present, the two most commonly used repayment methods are equal principal and interest repayment method and average capital repayment method.
2. The characteristic of equal principal and interest repayment is that the principal and interest of monthly repayment are the same. Although this repayment method is easy to budget and the initial repayment pressure is reduced, the interest of initial repayment accounts for most of the monthly repayment, and the proportion of principal in repayment gradually increases and the proportion of interest gradually decreases, thus achieving a relative balance. The interest paid by this repayment method is high, but the pressure of prepayment is not great. This repayment method is suitable for ordinary wage earners.
3. The repayment method in average capital is characterized by the same monthly repayment amount, and the interest is calculated daily according to the loan principal amount. The early repayment amount is large, and the monthly repayment amount is gradually reduced. The interest paid by this repayment method is low, but the pressure of prepayment is great. Therefore, this repayment method is suitable for families with better economic income.
If we have more money on hand, we can choose to repay in advance, and it is best to choose the average capital repayment method. Repaying the loan in advance is mainly to reduce interest, especially in the first few years of the loan, the principal base is large and the interest is correspondingly high. Therefore, financial experts suggest that in the first few years of the loan, especially in the first five years, we must strive for more repayment, so as to reduce the principal base of the total loan and reduce the interest burden in the remaining loans.