When will the car loan deduction be deducted again if it fails?

The deduction time of each bank is different, but the payment will only be deducted once on the repayment date. Some banks start deducting money from early in the morning, and some will deduct money after 17:00. In order to ensure smooth deduction, it is recommended to deposit enough money for the monthly payment into the repayment card the day before the deduction date. .

If the payment is not deducted successfully on that day, then the payment will be deducted again every day from the day after the repayment date, according to the reasons for deduction, until the monthly payment of the month is deducted. Anyway, it only takes one day. If the monthly payment is not paid off, deductions will continue to be made every day.

1. Car loan refers to a loan granted by a lender to a borrower who applies to purchase a car. Car consumption loans are a new loan method that banks issue RMB-guaranteed loans to car buyers who purchase cars at their authorized dealers. The interest rate of automobile consumer loans refers to the ratio of the loan amount to the principal issued by the bank to consumers, that is, borrowers, for the purchase of self-use cars (non-profit family cars or commercial vehicles with 7 seats or less (inclusive)). The higher the interest rate, the greater the repayment amount the consumer will have to pay. The borrower must be a permanent resident of the location where the lending bank is located and have full civil capacity. Loan term

2. The term of automobile consumer loans is generally 1-3 years, with a maximum of no more than 5 years. Among them, the loan period (including extension) of second-hand car loans shall not exceed 3 years, and the loan period of dealer car loans shall not exceed 1 year.

3. Car loan types: Personal loan car purchase business is divided into three types: direct customer loan, indirect customer loan, and credit card car loan. The direct customer type is generally a bank car loan where the customer meets directly for the loan, and the indirect customer type is generally a car finance company car loan where the auto finance company transfers the customer to the customer.

For direct bank car loans, the fees charged are deposit, principal and interest, 3% guarantee fee, etc. The fees for high-quality bank customers will be discounted, but each bank has different preferential policies. .

In addition to paying the above fees, the car loan of Jianke Auto Finance Company also needs to pay supervision fees, fleet management fees, and warranty renewal deposits.

There is also a credit card car loan. Credit card installment car loans only provide installment payments to bank credit card users. They cannot be applied for under any conditions. There is also an review process. Credit card users with bad credit records can It's difficult to handle. If the car loan payment fails to be deducted in the morning, will it still be deducted on the same day?

If the car loan repayment fails, the payment will be automatically deducted; if no automatic deduction is initiated that day, the system will continue to automatically deduct the payment the next day. In fact, most car loans will only deduct the payment once per day, and the deduction time is relatively fixed. Users need to deposit the repayment funds into the repayment bank card before the fixed deduction time, so as to avoid missing out. Automatic deduction. If the automatic deduction fails, the car loan has a grace period for repayment. You can wait for the system to automatically deduct the payment during the grace period. There is no grace period for repayment, so users are asked to choose to repay actively.

1. What to do if the car loan deduction fails

If the bank card balance for car loan repayment is sufficient on the repayment date, but the system fails to deduct the fee, you can wait until the system tries again on the same day. Deduction or deduction the next day, the overdue amount caused by this situation will be borne by the lending institution. However, if the balance in the bank card for car loan repayment is insufficient and the system fails to deduct the money, the user can choose to deposit the sufficient amount into the bank card and wait for the system to deduct the money again. Or you can directly call the lending institution’s hotline and choose to actively repay the car loan amount to the repayment account disclosed by the lending institution.

2. What is the reason for the failure of car loan deduction?

1. The failure of car loan deduction may be that the user does not have enough money in the repayment account. The full repayment amount was not deducted. Then it will naturally show that the deduction failed; in addition, if there is a problem with the deduction system. Upgrades, maintenance, etc. will also cause deduction failures. You can contact the agency’s manual customer service to manually deduct the payment.

2. Overdue car loans will affect the user’s credit. Therefore, it is recommended to prepare the funds a few days before the repayment date.

3. Is it serious to be overdue for a car loan for two months?

A car loan overdue for two months is considered a serious overdue behavior. Generally, an overdue car loan will have the following consequences:

1. First of all, once overdue, a bad credit record will occur, which will affect the borrower's future credit business.

2. If a car loan is overdue for two months, the lending institution will charge overdue penalty interest on a daily basis. The longer the overdue period is, the more the borrower will have to repay.

3. If the borrower is overdue for more than three months and still fails to repay despite repeated collections by the lending institution, the lending institution will apply to auction the mortgaged vehicle to repay the debt.

The longer this time drags on, the more interest the borrower needs to repay. That is to say, in addition to repaying the principal, the borrower must also repay the bank's interest, and in fact, the bank has to pay back the bank's interest. Car loans also stipulate a grace period for repayment. If you still fail to repay during this period, it will definitely be considered overdue, but one day overdue is not considered overdue repayment. What should I do if I forget to automatically deduct my car loan? Will it be deducted again?

If you forget to deposit money into your bank card on the repayment date for your car loan, the system will fail to deduct the money on the repayment date. On the next day, the system will continue to deduct money. Therefore, after the user fails to deduct the money on the repayment day, he needs to deposit the money into the repayment bank card as soon as possible. Some institutions deduct money more than once on the repayment date. If the first deduction fails, as long as the money is deposited in time, the second and third deductions will be successful.

There are two situations for automatic deduction. The specific situation is as follows:

1. The first situation is that if the payment is not deducted on the repayment date, the system will continue to deduct the payment at a similar time the next day. If the car loan payment fails on the same day, if automatic deduction is not initiated on that day, the system will continue to automatically deduct payment on the next day. In fact, most car loans will only deduct the payment once per day, and the deduction time is relatively fixed. Users need to deposit the repayment funds into the repayment bank card before the fixed deduction time, so as to avoid missing out. Automatic deduction.

2. The second situation is that if the payment is not deducted on the repayment date, the system will automatically deduct the payment on the next working day. If the repayment date is a Friday, then no payment will be deducted on Saturdays and Sundays. , the payment will be automatically deducted next Monday. The deduction time of each bank is different, but generally the payment will be deducted only once on the repayment date. If the deduction is not successful on that day, the payment will be deducted again every day from the next day on the repayment date. The system may continue to deduct the payment at a similar debit time the next day. If the repayment day is a Friday, then the payment will not be deducted on the weekend, and the payment will be automatically deducted on the following Monday.

Extended reading

As long as the loan is repaid before 12pm on the repayment date, it will not be considered overdue. The repayment due date is also called the final repayment date. If you do not repay in full before the repayment due date and do not choose the minimum payment amount of your credit card to repay, the penalties you may face are:

1. All consumption payments no longer enjoy the interest-free repayment treatment. The bank will calculate interest on a daily basis based on the consumption amount as the principal from the day the consumption occurs. The daily interest rate is 0.05% and compound interest is collected on a monthly basis;

2. Receive a reminder call or letter from the bank;

3. Freeze your account and feed back the debt record to the People's Bank of China to be recorded in the credit file, affecting personal credit; if If you really don’t have enough money to repay the full amount on the due date, please choose the minimum repayment amount on your credit card. If you use this method to repay, you only need to return 10% of the total fee for each period. Although the repayment is not interest-free, Repayment period but avoid personal credit damage. Will the car loan be automatically deducted if the car loan is overdue for one day?

Regarding the poster's concern "Will the car loan be automatically deducted if the car loan is overdue for one day?" The following is my personal opinion:

Car If the loan is overdue for one day, the payment will be automatically deducted:

1. For example, the 2nd of each month is the automatic deduction day for the user's car loan. However, if the deduction fails on the 2nd, the system will automatically deduct the amount on the second day. Deductions will continue on working days;

2. If the deduction fails on the second working day, the system will deduct payment on the third working day, and so on. If the overdue time is too long, overdue fees will be incurred. The earlier the repayment is, the more advantageous it is for the user;

3. In addition, if the car loan has a repayment grace period, then one day overdue will It is not considered a late payment.