Harbin: The repayment of personal housing mortgage loan can be postponed for no more than 6 months.

On April 26th, according to the website of Harbin Municipal People's Government, Chen Fanghui, deputy director of the Municipal Finance Bureau, responded to social concerns on a series of financial support policies at the press conference of epidemic prevention and control in Harbin.

In order to actively respond to the relevant departments' deployment of financial support for the real economy to cope with the epidemic and resume production, various financial institutions have studied and introduced support policies. Up to now, the support policies of major banking institutions in Harbin for personal housing mortgage loans are mainly concentrated in three aspects.

First, banking institutions can provide remote services. For borrowers who are unable to handle related business at business outlets due to epidemic control and other measures, banking institutions have opened a remote service function, enabling borrowers to handle related business without leaving home.

Second, banking institutions give borrowers support such as adjusting repayment plans and extending repayment periods. Adjusting the repayment plan is mainly to adjust a part of the recent repayment amount to the later repayment, so as to reduce the borrower's recent repayment pressure. Extending the repayment period mainly refers to extending the original repayment period, thus reducing the repayment amount of each installment and alleviating the repayment pressure of the borrower. Such as Industrial and Commercial Bank of China (60 1398), Harbin Bank, Shanghai Pudong Development Bank (600,000), Harbin Rural Commercial Bank and other banking institutions can provide installment repayment or extension support to qualified customers according to the changes of customers' income, and the extension period shall not exceed 6 months.

The third is to give customers credit protection. That is, if the personal loan is not returned in time due to the epidemic, the relevant overdue records may not be submitted to the People's Bank, and those that have been submitted shall be adjusted. For example, China Construction Bank (60 1939), Agricultural Bank (60 1288), China Guangfa Bank, Bank of China (60 1988) and other banks can give eligible customers a grace period for repayment. No overdue records are calculated during the grace period, no penalty interest is charged, and it is not included in the default customer list. Risk classification is still affected by the epidemic situation.

In addition, Chen Fanghui mentioned that on April 18, the People's Bank of China and the State Administration of Foreign Exchange issued the Notice on Doing a Good Job in Financial Services for Epidemic Prevention and Control and Economic and Social Development, demanding that "financial institutions should optimize their credit policies in time, and distinguish between repayment ability and repayment willingness for those who are hospitalized or isolated due to infection in COVID-19, those who need to be isolated due to the epidemic, and those who have temporarily lost their sources of livelihood due to the epidemic." According to the latest requirements of the head office of the People's Bank of China, the headquarters of financial institutions are studying a new round of support policies.