Is it difficult to repay the mortgage?

You can apply for delay in processing, but whether it is approved or not is subject to review and handling by the bank according to relevant regulations. On February 0, 2020 14, five ministries and commissions jointly issued the Notice on Further Strengthening Financial Support to Prevent and Control novel coronavirus. It is clearly stipulated that financial institutions should appropriately tilt their credit policies, flexibly adjust personal credit repayment arrangements such as housing mortgages and credit cards, and reasonably postpone the repayment period for those who are hospitalized or isolated due to new pneumonia, those who need to be isolated for observation due to the epidemic, those who participate in epidemic prevention and control, and those who temporarily lose their livelihood due to the epidemic. Personal business guarantee loans infected with new pneumonia can be extended for one year and continue to enjoy financial discount support. Financial institutions should give priority to customers infected with new pneumonia or damaged by the epidemic, appropriately expand the scope of responsibility and make full compensation.

According to the Notice of the Central Bank on Further Strengthening Financial Support for the Prevention and Control of COVID-19 Epidemic Virus, it has been clearly stated that during this epidemic prevention and control period, people who have no income and are affected by the epidemic can delay the repayment of their mortgage. The China Banking Regulatory Commission also issued a notice: people who lost their income due to the epidemic can flexibly adjust the repayment arrangements of personal loans such as housing mortgage and credit card, and reasonably extend the repayment period. As soon as the news came out, many banks responded positively, and the repayment of personal mortgage credit cards could be postponed without penalty interest.

During the period of epidemic prevention and control, if the hospitalized or isolated personnel infected with new pneumonia, the isolated observers of epidemic prevention and control, and the staff involved in epidemic prevention and control fail to repay in time due to the impact of the epidemic, they can put forward to the bank. After confirmation, relevant overdue loans and arrears can be submitted, and there is no overdue record, and those that have been submitted can be adjusted. For those who are hospitalized or isolated due to infection in COVID-19, those who need to be isolated due to epidemic prevention and control, those who participate in epidemic prevention and control, and those affected.

The epidemic affects those who have temporarily lost their sources of income. Financial institutions can flexibly adjust the repayment arrangements of personal credit such as housing mortgage and credit card, and reasonably postpone the repayment period.

It should be noted that the postponement of mortgage repayment due to the epidemic is only temporary, which is completely different from the loss of repayment ability. Moreover, the number of these groups is limited, which will not have a particularly great impact on the bank's capital chain in theory.

This epidemic is our common enemy. In the face of the force majeure caused by the epidemic, we need to join hands and contribute to the prevention and control of the epidemic. No one can stay out of it. Whether it is to abide by the epidemic prevention policy, not to run around at home, or to stick to their posts and provide medical services for epidemic prevention and control, it is the embodiment of social responsibility. It is of great significance for banks to allow some difficult groups to postpone mortgage repayment through flexible institutional changes.

I hope I can help you and adopt it. Thank you!