Mortgage repayment starts from the next month after the bank disburses the loan. The lender needs to repay the loan on time every month on the repayment date stipulated in the loan contract. It should be noted that mortgage repayments are usually automatically deducted from the loan repayment bank card, so lenders should pay attention to depositing the monthly payment to the loan repayment bank card 1-2 days in advance.

According to the "Loan Contract" signed between the lending bank and the borrower, the borrower should make monthly repayments in the next month after the loan is issued. There are two specific methods, which the borrower can choose:

1. Go to the lending bank to repay the principal and interest of the loan in cash from the 1st to the 20th of each month;

2. Entrust the lending bank to withhold the repayment. The borrower signs a "Withholding Repayment Agreement" with the lending bank and applies for a personal repayment savings card. The borrower can pre-deposit the repayment amount for multiple months at once, or deposit the full repayment amount at the nearest bank savings bank before the 20th of each month, and the bank will directly deduct the loan repayment from the borrower's savings account. Principal and interest.

Selection of mortgage repayment methods

The current bank policy repayment methods include equal amounts of principal and interest and equal amounts of principal. When signing a loan contract, you will have to choose between these two methods. Choose one.

1. Equal principal and interest: The principal and interest of the loan will remain unchanged every month. This repayment method requires less repayment pressure, but the loan principal is returned slowly and takes up a lot of bank funds. It is long-term, and the important thing is that the total interest rate of repayment is relatively high, which is suitable for families or individuals with stable income and not very strong financial conditions.

2. Equal principal amount: The principal repaid every month remains unchanged, and the interest will gradually decrease. Because the total debt is decreasing every month, the interest will decrease every month, and the time of occupying bank funds will be relatively short. , under the same conditions, the total interest repaid is relatively small, and the early repayment pressure is greater. It is suitable for people with higher incomes or those who want to repay in advance.