If you have no income during the epidemic and cannot repay your car loan, you can apply for a deferral of repayment. All banking and insurance institutions should further increase support for epidemic areas, reduce or exempt handling fees, simplify business processes, and open up fast channels. For people who have temporarily lost their source of income due to the impact of the epidemic, credit policies must be appropriately tilted, and personal credit repayment arrangements such as housing mortgages and credit cards must be flexibly adjusted and the repayment deadlines reasonably extended.

The general meaning is to encourage medical staff, government workers involved in epidemic prevention and control, and people who have temporarily lost their sources of income due to the epidemic to reasonably postpone personal loans and credit card overdrafts during the epidemic. The repayment period will not be regarded as a breach of contract for the time being and will not be included in the list of defaulting customers. Car loan repayments can be deferred during the epidemic. For medical staff, government workers involved in epidemic prevention and control, and those who have temporarily lost their source of income due to the epidemic, if they are unable to repay their car loans, they can apply to the bank for an extension. If the overdraft of the car loan during the epidemic period is overdue, it will not be regarded as temporary. If you breach the contract, you will not be included in the list of defaulting customers. The specific situation needs to be approved by the bank after identification of relevant reasons. The parties concerned should submit materials to the bank based on their actual situation and explain the relevant reasons. For the payment of housing loans and car loans, approval can only be obtained if it is indeed caused by the epidemic. "The People's Bank of China, the Ministry of Finance, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, the Foreign Exchange Article 4 of the "Notice of the State Council on Further Strengthening Financial Support for the Prevention and Control of the Novel Coronavirus Infection Pneumonia Epidemic" will improve financial services in the areas of social and people's livelihood affected by the epidemic. For those who are hospitalized or quarantined due to infection with new pneumonia, those who need to be quarantined for epidemic prevention and control, those who participate in epidemic prevention and control, and those who have temporarily lost their source of income due to the epidemic, financial institutions should give appropriate preferences in credit policies and flexibly adjust housing Personal credit repayment arrangements for mortgages, credit cards, etc., with reasonable extension of repayment deadlines. Personal entrepreneurial guaranteed loans infected with the new coronavirus can be extended for one year and continue to enjoy financial interest discount support. Financial institutions must give priority to insurance claimants who are infected with the new type of pneumonia or damaged by the epidemic, appropriately expand the scope of liability, and compensate all claims.

Legal basis: Article 590 of the "People's Republic of China and Civil Code" If a party is unable to perform the contract due to force majeure, it shall be partially or completely exempted from liability based on the impact of force majeure, but the law otherwise Except as specified. If the contract cannot be performed due to force majeure, the other party shall be notified in a timely manner to mitigate possible losses to the other party, and proof shall be provided within a reasonable period.