Recently, the epidemic situation in COVID-19 has been frequent all over the country, and the epidemic prevention situation in many areas is more severe. In order to effectively stop the spread of the epidemic, we have to adopt the policy of blockade and control, which has a great impact on many individual industrial and commercial households and freelancers, not only losing their income, but also facing economic pressures such as mortgage, rent and credit card. Then, can we apply for delaying mortgage repayment because of the epidemic? How to apply specifically? Let's have a look.

Recently, the five major banks of industry, agriculture, China, construction and communications said that they could provide service support to individual housing loan customers affected by the epidemic, including delaying repayment time, extending loan term and adjusting billing plan.

According to the Notice on Further Strengthening Financial Support to Prevent and Control novel coronavirus:

1. Who can apply for delaying mortgage repayment?

In terms of credit policy, the following four categories of personnel shall be appropriately inclined, and personal credit repayment arrangements such as housing mortgage and credit card shall be flexibly adjusted, and the repayment period shall be reasonably delayed:

The first category, hospitalized or isolated patients with new pneumonia;

The second category, epidemic prevention and control needs to isolate observers;

The third category is the staff involved in epidemic prevention and control;

The fourth category is people who have temporarily lost their sources of income due to the epidemic.

2. How to apply for delaying mortgage repayment due to the epidemic?

(1) The borrower needs to submit an application for deferred repayment to the loan bank one month in advance.

(2) Explain the willingness to repay, the specific reasons why individuals can't repay on time for the time being and the future repayment plan.

(3) Waiting for the bank staff to review the personal credit and repayment plan.

(4) After approval, repayment can be made according to the new repayment plan.

Due to the epidemic situation, you can apply for delaying mortgage repayment, but the regulations of each bank will be different. It is recommended that you consult the undertaking bank before going through the relevant formalities.