Will ICBC's second mortgage deduction be insufficient? The official answer is as follows

The mortgage deduction date of ICBC is subject to the contract signed by the lender, and the repayment date of different lenders may be different. On the repayment date, the system will deduct money from the designated bank card. If the deduction fails, there will be a SMS prompt, so will the depositor make a second deduction when saving money in the bank?

Will ICBC's second mortgage deduction be insufficient?

If ICBC doesn't deduct the mortgage, it will deduct the loan twice. If the system fails to deduct money on the repayment date, the lender will be prompted by SMS, and the lender will recharge the repayment bank card in time. The bank will start the deduction again. As long as the deduction is successful on the repayment date, it is not overdue.

China Industrial and Commercial Bank stipulates that the full amount of funds must be deposited into the repayment account before the repayment date 17 agreed in the loan contract, and there is no need for manual repayment. If the repayment is not made in full and on time, please make it up as soon as possible, and the system will automatically deduct the money every day from the next day until all the outstanding principal and interest are recovered.

The repayment date of mortgage will be deducted twice. If the funds deducted in the morning are insufficient, the lender must draw away the difference funds before noon 12, otherwise it will be recorded as overdue, subject to the contract.

Batch deduction of loans is divided into full deduction and insufficient deduction. You can contact the loan bank to open the SMS prompt function for full deduction for free, and there is no SMS prompt for insufficient deduction for the time being. Housing provident fund loan regulations are different, please consult the loan bank or provident fund center.

On the repayment date, ICBC's mortgage deduction is insufficient and overdue, and the bank collects penalty interest on a daily basis (the specific proportion is subject to the contract), which affects personal credit information. As for the repayment date of the mortgage, whether there is a grace period for repayment depends on the provisions in the mortgage contract signed by the lender.

Bank reminder: in order to avoid unnecessary overdue, everyone should ensure sufficient funds before the repayment date. For example, the monthly repayment date of your mortgage is 20th, and June19th is set as automatic transfer, and the amount is better than the monthly repayment amount.