Can the mortgage repayment be postponed due to the epidemic? Can the five major banks respond and solve the problem?

Because of the epidemic, many people's income has dropped and they can't repay their loans on time. The five major banks have also responded to this and can postpone it without affecting personal credit information. Everyone must be very happy with this news, but in the long run, although it can be postponed, it cannot fundamentally solve the problem. As long as the epidemic is not solved, many people's daily lives will be affected.

You can postpone the repayment. This time, ICBC, Agricultural Bank of China, Bank of China, China Construction Bank and Bank of Communications all made commitments. This means that it can provide individuals with time to delay repayment, extend the loan term and adjust the billing plan. But you need to take the initiative to apply to the bank and submit certain information to prove that you are really affected by the epidemic at present. China Construction Bank also indicated that it will provide deferred repayment service for some needy consumers for up to 28 days.

Can't solve the fundamental problem. Because now the vast majority of epidemic prevention and control work in COVID-19. Sometimes once the risk control starts, it will last for a month. Therefore, for the vast majority of repayment personnel, a one-month repayment period can not solve the problem, and because of the impact of the epidemic is often lagging behind. In other words, within a few months after the end of the control, their income will be more or less affected, especially under the control of the risk of the epidemic, many companies have closed down. More and more cities cut mortgage interest rates.

Judging from the current situation, there are currently 82 cities in China that choose to lower the mortgage interest rate. In addition to some first-tier cities, in many third-and fourth-tier cities, mortgage interest rates will be lowered. At present, the lowest interest rate has reached 5.2%. At the same time, under the premise of the first home loan interest rate, the benchmark is lowered by 50%. This is the lowest level in recent years, from which it can be seen that banks do not want too many defaults.