A mortgage card is a savings card, not a credit card.

The bank card used for loan repayment is actually the same as an ordinary bank card, except that when the borrower applies for a bank loan to buy a house, he needs to bind a savings card as a repayment account. After that, the borrower must remit the repayment funds on time every month, and the bank will automatically deduct it from the account.

If there is not enough money in the mortgage card, will it be automatically deducted if you transfer it the next day?

When there is not enough money in the mortgage card to repay, you can just deposit the money on the same day, and the bank will do it a second time. Deduction.

1. First, you can perform repayment through mobile banking or online banking.

2. When waiting for the system to automatically replenish the deduction, you need to indicate the last deduction date. If the payment is not made in time on the same day, an overdue record may be generated, and this record will be recorded. Go to the credit reporting system.

You should keep these things in mind when repaying a loan

1. Clarify the repayment method and time

For those who buy their first home, repayment Many people are not very clear about the repayment methods, which makes it easy to suffer losses. When handling, the repayment methods are divided into equal amounts of principal and equal amounts of principal and interest. After choosing, you need to figure out how many years you want to repay. Most people will choose 20 or 30 years. If the repayment time is short, the monthly pressure will be greater. If the repayment time is long, the pressure will be less. , it is best for everyone to decide according to their own financial situation.

2. It is best to repay the loan a few days in advance

When applying for a loan, the bank will also apply for a bank card for you. You only need to deposit money into this card. Yes, repayment will be done automatically after the time is up. If there is not enough money in the card on the day of repayment and there is no way to deduct the money, overdue repayment will occur. Therefore, in order to avoid this phenomenon from happening, it is better to deposit money a few days in advance.

3. Understand the regulations on expectations or suspension of payments

In fact, borrowing money from a bank is equivalent to borrowing money from the bank. If the money is not repaid on time, the bank will take measures. First, there will be problems with your credit report, and then it will be more difficult to apply for a loan. If you do not repay the loan for a long time, the bank will take your house back and auction it.