Due to the epidemic, mortgage loans can be deferred, and each bank has different handling methods. You can call and ask the bank that repays the loan in your city if it can handle overdue loans and how to do it.

Regarding this type of issue, as early as January 2020, the China Banking and Insurance Regulatory Commission issued the "Notice on Strengthening the Cooperation of Financial Services in the Banking and Insurance Industries to Prevent and Control the Pneumonia Epidemic of New Coronavirus Infection" ( (hereinafter referred to as the "Notice").

The "Notice" requires that the joint efforts of bank credit, insurance guarantee, financing guarantee and other parties should be fully utilized to strengthen financial support for key areas of social and people's livelihood. 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.

If you can make it overdue, you have to think about how to afford the next loan repayment, because you have to repay the last loan together. These all need to be considered by you. Although you have a little more time temporarily, you cannot relax.

If you can handle the overdue payment, there is still some relief. If you cannot overdue it, then you have to figure out what to do.

What will happen if the mortgage payment is cut off: The bank will notify you by phone and text message if the mortgage payment is cut off for 1 month; if the mortgage payment is cut off for 3 months, the bank manager will call again to collect the debt. In addition, there will be additional charges. Charge penalty interest; if the mortgage payment is suspended for 6 months, the bank will remind you of the consequences of not repaying the loan, and the house will be frozen. After communication fails, the bank will ask the court to seize the property and conduct an auction.

Once we reach the final step, it means that we will most likely lose all or more than half of the down payment we paid before. If the house is still not enough for the bank's loan after the auction, then we will be added to the list of dishonest people.

So you can communicate with the bank to see if it can be overdue, but overdue cannot fundamentally solve our loan repayment problem. At most, it will extend the time. The most important thing is that we must find ways to resolve the crisis during this period.

So, how to solve the problem of loan repayment during the epidemic, let me talk about my own opinions, which are my unique feelings because of my experience at that time.

1. You must keep a calm mind and focus on finding solutions. Don’t quarrel with your family or be depressed. I have experienced this before, so I know very well what it was like during that period. Just be proactive and think of a solution. Do your best to obey fate.

2. Expand job opportunities. Don't always focus on areas you are familiar with. When encountering problems, you must learn to think divergently and don't always let yourself fall into the whirlpool of failure.

3. If you have any special skills, such as knowing English and being able to tutor others, it depends on your own advantages. Anyway, people can burst out some powerful potential when faced with extreme challenges. Just believe in yourself. All difficulties will be overcome.

4. Borrow money from relatives and friends. During the epidemic, if you really don’t have any income and don’t have your own savings, it’s best to borrow some from relatives and friends to tide over the current difficulties. I believe that under special circumstances, as long as you ask, they will help you normally.

5. Contact the local civil affairs department, consult the national relief policy, and apply for poverty relief.

In short, we are adults, and adults must face these difficulties. Therefore, being strong and rational is the best way to deal with it. come on.