You can apply for deferred repayment. On June 26th, 2020, the Central Bank and China Banking Regulatory Commission issued the Notice on Strengthening Banking, Insurance and Financial Services and Doing a Good Job in Prevention and Control of Pneumonia Infection in novel coronavirus. Article 3 clearly puts forward that for those who have lost their livelihood due to the epidemic, the credit policy should be appropriately tilted, the repayment arrangements of personal credit such as housing mortgage loans and credit cards should be flexibly adjusted, and the repayment period should be reasonably postponed. Article 3 of the Notice on Strengthening Cooperation among Banks, Insurance and Financial Services to Prevent and Control Pneumonia Infection in novel coronavirus opens up a green channel for financial services. Banks and insurance institutions should further increase their support for epidemic areas, reduce or exempt handling fees, simplify business processes and open up fast channels. It is necessary to give full play to the joint efforts of bank credit, insurance guarantee and financing guarantee, and strengthen financial support for key areas of social livelihood. For those who have temporarily lost their source of livelihood due to the epidemic, the credit policy will be appropriately tilted, and the repayment arrangements of personal credit such as housing mortgage and credit card will be flexibly adjusted, and the repayment period will be reasonably postponed. Priority should be given to customers infected with novel coronavirus, and the scope of liability should be appropriately expanded to make full compensation.

Legal objectivity:

Article 189 of the Civil Code of People's Republic of China (PRC) * * * Where the parties agree to perform the same debt by stages, the limitation period of action shall be counted from the date when the last performance period expires. Article 678 of the Civil Code of People's Republic of China (PRC) * * * The borrower may apply to the lender for extension before the repayment period expires; If the lender agrees, it can be extended.