Will hengfeng bank's loan interest be deducted if the balance on the 20th is insufficient?

Hengfeng bank's loan interest will be deducted if the balance on the 20th is insufficient, which means that this Hengfeng bank card loan has started the business of automatic repayment of principal and interest, and the loan account is bound with an automatic repayment bank card, so as long as there is money in the bank card, it will be deducted on schedule every month.

Generally, if the first deduction is unsuccessful, the cardholder will be notified by SMS or telephone to pay off the loan interest as soon as possible.

If the balance deduction is unsuccessful, a bad credit record will be generated first;

Secondly, the bank will generate a penalty interest, which will be generated every day according to the full interest at the time of the loan until it is paid off;

It is suggested to pay off the interest owed as soon as possible, or directly deposit the money in the bank card with automatic repayment, and then notify the bank to deduct the money.