Legal analysis:

During the epidemic, you can apply for an extension if you cannot repay your mortgage or car loan. During the epidemic, major banks opened a green channel for deferred repayment due to the epidemic. For people who have temporarily lost their source of income due to the epidemic, they can flexibly adjust housing loans and car loans and reasonably extend the repayment period. In addition, for medical staff, government workers involved in epidemic prevention and control, and people who have temporarily lost their source of income due to the epidemic, if they are overdue during the epidemic, they will not be considered overdue. The inability to repay during the epidemic is an uncontrollable factor. Many people are unable to make normal repayments due to the inability to work. If you are worried about not being able to repay your mortgage or car loan during the epidemic, you can apply directly to the borrowing bank for an extension of repayment.

Legal basis:

"Notice on Further Strengthening Financial Support for the Prevention and Control of the Novel Coronavirus Infection Pneumonia Epidemic" Article 1 "For persons hospitalized or quarantined due to infection with the new coronavirus, the epidemic Prevention and control requires the isolation of observation personnel, personnel participating in epidemic prevention and control, and people who have temporarily lost their sources of income due to the epidemic. Financial institutions must give appropriate tilts in credit policies, flexibly adjust housing mortgages, credit cards and other personal credit repayment arrangements, and reasonably extend Later repayment period ”