How did the five major banks respond to the problem of being unable to repay mortgages on time due to the epidemic?

The bank stated that users can apply for deferred repayment to solve their financial difficulties.

For those who have personal housing loans, under the impact of the COVID-19 epidemic, many people may not be able to repay their personal housing loans normally, and some people may even face the risk of having their payments cut off. In this case, users should first not take the initiative to cut off the payment, but also need to take the initiative to apply to the bank for a deferral of repayment. If necessary, users can even apply to the bank to extend the loan period or adjust the bank's billing plan.

The five major banks responded to the issue of mortgage loans during the epidemic.

Under the impact of the COVID-19 epidemic, some people have seen their incomes decrease due to the epidemic, and some have even lost their jobs because of it. Because some people are unable to repay their monthly mortgage payments normally, they are very worried that their mortgage payments will be cut off, which will seriously affect their personal credit and may even lead to their property being foreclosed on. After this, the five major banks stated that users can actively apply to the bank for deferment of repayment, but users also need to solve their financial problems as soon as possible.

The five major banks recommend that users actively apply for deferment of repayment.

No matter what the user's situation is, if the user cannot prepare the corresponding funds in a short period of time, it is best for the user to apply to the bank in advance for a deferral of repayment. At the same time, users need to further arrange their repayment plans, and they also need to try not to let mortgage problems affect their quality of life. If the user has a history of default, the user may not be able to apply for a deferral of repayment, which means that the user needs to solve his or her own mortgage problem.

The five major industries recommend that users maintain their personal credit reports.

After applying for a personal housing loan, when a person's personal credit report has problems, the person loses the ability to apply for a deferral of repayment. In addition, when users cannot restore their income level within a short period of time, users can apply to the bank to extend the loan period, thereby further reducing the monthly mortgage amount.