before 24: on the repayment date of the house loan of Bank of Communications. Mortgage deduction starts at : on the repayment date and ends before 24: on the repayment date at the latest. However, the frequency of automatic deduction by the system is not necessarily the same, and there will be differences among different banks. If the balance in the repayment bank card is insufficient, in order to ensure the success of deduction on the same day, the lender can check the deduction details through the loan bank APP or the business hall of the loan bank.

mortgage repayment method selection

1. Equal principal and interest repayment. The repayment method of equal principal and interest is to add the total principal and interest of the mortgage loan, and then divide it evenly into each month of the repayment period. As a repayment person, he pays a fixed amount to the bank every month, but the proportion of principal in the monthly repayment amount increases month by month and the proportion of interest decreases month by month.

2. Matching principal repayment The so-called matching principal repayment can also be called the repayment method of interest with principal and equal principal with unequal interest. In this way, the lender will allocate the principal to each month and pay off the interest between the previous trading day and the repayment date. Compared with equal principal and interest, this repayment method has a lower total interest expense, but the principal and interest paid in the early stage are more, and the repayment burden decreases month by month. Repayment with an equal amount of principal, the amount of money to be repaid in the first month is the most, and then it will gradually decrease, so the pressure on the repayment person in the early stage of the loan is relatively large.