The borrower is obliged to pay off the remaining loan on a monthly basis.

According to the Contract Law and the relevant provisions of the mortgage loan contract signed by the borrower and the loan bank, the relationship between the lender and the bank is a debt relationship, which will not disappear due to the loss of the collateral (house).

In other words, the disappearance of the house caused by the earthquake is actually just the destruction of a collateral, but the debt relationship between the debtor and the bank still exists, so the borrower is obliged to pay off the remaining outstanding loans on a monthly basis.

According to the actual situation, the following four situations are prone to occur:

1. The collateral (house) is damaged and the lender is missing.

The bank will terminate the contractual relationship and the outstanding loan will be cancelled.

2. The collateral (house) still exists, and the lender unfortunately dies and has an heir.

After natural disasters, if the house exists, but the lender is unfortunately killed, according to the relevant provisions of the inheritance law, the house will be listed as an inheritance. If there is an heir, the successor shall undertake the loan contract relationship and continue to repay the loan. You can check whether the borrower has other property, and you can repay it with the borrower's other property. Inheritance begins at the death of the deceased.

3. The collateral (house) still exists, and the lender unfortunately dies without an heir.

After natural disasters, if the house exists, but the lender is unfortunately killed, according to the relevant provisions of the inheritance law, the house will be listed as an inheritance. If there is no heir, the bank can recover the collateral (house) according to law and return the loan as a bad debt.

4. The collateral (house) still exists, and so does the lender.

If the house exists and the lender exists, the borrower needs to continue to perform the loan relationship.

To sum up, if the house is damaged by the earthquake, the borrower will still have to pay back the loan under the existing circumstances; If the borrower dies unfortunately, it needs to be repaid by his successor. If there is no heir, there is no need to repay.