When does repayment start after the mortgage loan is disbursed?

Generally, commercial mortgage loans start repayment in the second month after the mortgage loan is disbursed. After the loan is disbursed, the bank will send a text message to remind you. The one-time repayment date will always be this date from now on. If you are afraid of forgetting, you can deposit the money in advance into the bank card used to repay the mortgage.

Two ways to repay the loan:

1. Equal principal repayment: In the equal principal repayment method, during the entire loan process, the amount of each period of repayment is The principal remains unchanged. As more and more principal is returned to the bank, the corresponding interest that needs to be repaid in each period becomes less and less. Therefore, the equal principal repayment method is used to repay and start repayment. The amount is much higher than the equal principal and interest repayment method in the same period, but the principal and interest that need to be repaid in each period are getting smaller and smaller, and the repayment pressure will be less in the later stages.

2. Equal principal and interest repayment method: During the repayment process of the equal principal and interest repayment method, the principal is decreasing in each period, but the interest is increasing. Therefore, in the equal principal and interest repayment method, each period of repayment is The repayment amount for each installment is the same. Because the repayment time of the principal in the equal principal and interest repayment method is longer than that of the equal principal repayment, the interest of the equal principal and interest repayment method is much higher than that of the equal principal repayment method with the same amount and the same number of periods.

Scope of application:

1. Equal principal repayment method: The equal principal repayment method has fast repayment speed and low interest, but the early repayment pressure is greater than the equal principal and interest. The repayment method has high repayment pressure, so the equal principal repayment method is suitable for people who want to pay off their mortgages early and have relatively high incomes, such as businessmen.

2. The equal principal and interest repayment method: The equal principal and interest repayment method takes up a longer time on the mortgage, and the repayment pressure is much smaller than the equal principal repayment method. Therefore, the equal principal and interest repayment method is suitable for work. and development are relatively stable, public employees, teachers, etc., and are also suitable for people who have the ability to invest and manage money. On what day of the month are mortgage payments usually due?

1. Each bank’s mortgage repayment date is different. Each lender’s repayment date is determined based on the purchase date. For example, the CCB repayment date is the 15th of each month. The repayment date of Postal Bank is around the 20th of each month, and the repayment date of China Merchants Bank is before the 15th of each month, so the specific repayment date of the mortgage must be calculated in detail.

2. Mortgage loans are generally repaid in the middle or at the end of each month. Some banks stipulate specific repayment time, while other banks have no specific requirements. The borrower can make the payment according to his or her own situation. to choose the repayment time.

3. The repayment time of the mortgage loan is clearly stipulated when signing the loan contract. Because most borrowers are paid around the 10th, generally speaking, the repayment time of the mortgage loan is in the middle of the month. and the end of the month.

4. Mortgage loans generally need to be negotiated and decided based on each person’s actual situation. Every bank does not have unified standards, but there are generally two situations, one is the monthly repayment, and the other is The loan is made this month and repaid the following month.

Extended information:

How to repay a mortgage

1. Repayment of principal and interest in equal amounts

This is currently the most common and most common The way banks have long recommended it. The repayment method of equal principal and interest is to add the total principal and interest of the mortgage loan, and then divide them evenly into each month of the repayment period. As a repayer, you pay a fixed amount to the bank every month, but the proportion of principal in the monthly repayment increases month by month, and the proportion of interest decreases month by month.

With this repayment method, everyone needs to repay the same amount of money every month, so everyone's repayment operation is relatively simple. It is also convenient to arrange income and expenses by bearing the same amount every month.

This method is more suitable for families with a stable income. If you are buying a house to live in, and the economic conditions do not allow too much initial investment, you can also choose this method. However, it also has shortcomings. Since the interest will not be reduced with the repayment of the principal amount, bank funds will be occupied for a long time, and the total repayment interest will be higher than the equal principal repayment method introduced below.

2. Repayment of principal in equal amounts

The so-called repayment of principal in equal amounts can also be called the repayment method of interest followed by principal and equal principal without interest. In this method, the lender will spread the principal into each month and pay off the interest between the last transaction day and the current repayment date. Compared with equal principal and interest, this repayment method has a lower total interest expense, but more principal and interest are paid in the early stage, and the repayment burden decreases month by month.

With equal principal repayment, the largest amount of money needs to be repaid in the first month, and then gradually decreases. Therefore, the pressure on repayers in the early stages of the loan is relatively high.

This method is very suitable for people who currently have a high income, but have expected that their income will decrease in the future. In fact, many middle-aged people have a certain financial foundation after working hard for a period of time. Considering that their income may decrease due to retirement and other factors as they get older, they can choose this method to repay.

3. One-time repayment of principal and interest

Previously, the bank’s regulations on this repayment method were that if the loan period was less than one year (including one year), it would be subject to maturity. The principal and interest are paid in one lump sum, and the interest is paid off along with the principal. However, with changes in repayment methods, the one-year term is expected to be extended to 5 years. This method is strictly subject to bank approval and is generally only open to small short-term loans. Once the mortgage is paid, when will the monthly repayment start?

The monthly repayment of the mortgage starts from the second month after the bank disburses the loan.

Usually when applying for a mortgage, bank staff will inform the borrower of the first date of mortgage repayment, and the subsequent dates will also be printed on a statement.

Borrowers only need to pay the house payment to the designated bank account regularly according to their repayment method, and the bank will deduct the repayment fee on this date. During the repayment process What you must pay attention to is that there should be no overdue behavior, otherwise it is very likely to affect the personal credit record. When will the repayment start after the mortgage loan?

After the bank mortgage loan, the repayment will start from the next month. Each bank has requirements. The final time for repayment does not mean that it does not start counting until one month after the loan is disbursed. If the repayment date of a certain bank is the 5th, it should be paid on February 5th. \x0d\The specific process of home loan:\x0d\(1) Select real estate\x0d\\x0d\If home buyers want to obtain building mortgage services, they should focus on understanding this aspect when choosing real estate. When home buyers learn from advertisements or introductions from salespeople that mortgage loans are available for some projects, they should further confirm whether the properties developed and constructed by the developers are supported by banks to ensure the smooth acquisition of mortgage loans. \x0d\\x0d\(2) Apply for a mortgage loan\x0d\\x0d\After confirming that the property you choose is supported by the bank's mortgage, the home buyer should learn from the bank or the bank's designated law firm about the bank's regulations on the mortgage for the home buyer. According to the provisions of loan support, prepare relevant legal documents and fill in the "Mortgage Loan Application Form". \x0d\\x0d\(3) Sign a house purchase contract\x0d\\x0d\The bank receives the legal documents related to the mortgage application submitted by the home buyer. After reviewing and confirming that the home buyer meets the conditions for the mortgage loan, it will issue a loan approval notice to the home buyer. or mortgage loan commitment letter. Home buyers can sign a "Commercial Housing Pre-sale and Sales Contract" with the developer or its agent. \x0d\\x0d\(4) Sign a building mortgage contract\x0d\ After signing the house purchase contract and obtaining the proof of payment, the buyer shall sign the "Building Mortgage Loan" with the developer and the bank with the relevant legal documents prescribed by the bank. The Contract clearly clarifies the mortgage loan amount, term, interest rate, repayment method and other rights and obligations. \x0d\\x0d\(5) Handle mortgage registration and insurance\x0d\ Home buyers, developers and banks go to the real estate management department to handle mortgage registration and filing procedures with the "Building Mortgage Loan Contract" and the house purchase contract.