Bank of China personal commercial loan deduction methods:

Loan repayment methods mainly include "equal monthly principal and interest repayment method", "equal monthly principal repayment method" and " One-time repayment upon maturity" and other repayment methods. The borrower can negotiate with the lender to choose the repayment method. The automatic deduction method for personal loans is twice a day. The system will automatically deduct once before the opening of business in the morning on the day when the loan account is due to be repaid, and the second automatic deduction after the close of business on that day (normally automatic deductions will be made every evening). Deductions start at 18:00. It is recommended that you deposit sufficient funds in advance to avoid overdue payments) and repay the loan account arrears in accordance with the principle of "deduct as much as you have" (payments will still be deducted on Saturdays, Sundays and statutory holidays, no be postponed). If the agreed repayment date is the 31st, etc., in other special months without such a date, the payment will be deducted on the last day of the month. Please contact the loan agency for details.

The above content is for your reference, please refer to actual business regulations.

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