Hello, will there be a SMS reminder for mortgage repayment?

You open SMS notification at the bank that opens the repayment bank card, and there will be SMS notification when you repay the loan.

Housing loan, also known as housing mortgage loan, is an application form for housing mortgage loan filled out by property buyers to the loan bank, providing ID cards, income certificates, housing sales contracts, guarantees and other documents that must be submitted according to legal documents. The lending bank passed the examination.

Promise loans to buyers, and handle real estate mortgage registration and notarization according to the house sales contract provided by buyers and the mortgage loan contract concluded between banks and buyers. The bank will directly transfer the loan funds to the account of the seller's unit in the bank within the time limit stipulated in the contract.

Repayment method

brief introduction

There are two repayment methods for housing loans with a loan term of more than one year: average capital repayment method and matching principal and interest repayment method.

Average capital

It is to divide the total loan into equal parts during the repayment period, and repay the equal principal and interest generated by the remaining loans in the current month every month.

Monthly repayment amount = (loan principal/repayment months)+(principal-accumulated amount of repaid principal) × monthly interest rate.

Features: Because the monthly repayment amount is fixed and the interest is getting less and less, the lender is under great pressure to repay at first, but with the passage of time, the monthly repayment amount is getting less and less.