During the epidemic, the loan can be overdue for 3 to 5 months. Generally, repayment can be delayed until the end of the epidemic. During the epidemic period, if there is evidence to prove that there is no source of income, you can negotiate with the bank in time to postpone the repayment period, and if it is overdue, you can ask the bank not to be included in the credit record temporarily. Five ministries and commissions, including the People's Bank of China, the Ministry of Finance, the China Banking Regulatory Commission, the China Securities Regulatory Commission and the Foreign Exchange Bureau, issued the Notice on Further Strengthening Financial Support for novel coronavirus's Prevention and Control Work. For those hospitalized or isolated people with new pneumonia, those who need isolated observers for epidemic prevention and control, those who have temporarily lost their livelihood due to the epidemic, financial institutions should appropriately tilt their credit policies, flexibly adjust personal credit repayment arrangements such as housing mortgage and credit card, and reasonably postpone the repayment period. Personal business guarantee loans infected with new pneumonia can be extended for one year and continue to enjoy financial discount support. Financial institutions should give priority to customers infected with new pneumonia or damaged by the epidemic, appropriately expand the scope of responsibility and make full compensation.

Legal basis:

Article 229 of the Civil Procedure Law of People's Republic of China (PRC), if the person subjected to execution fails to perform the obligation to pay money within the period specified in the judgment, ruling or other legal documents, he shall pay double the interest on the debt during the delayed performance. If the person subjected to execution fails to perform other obligations within the period specified in the judgment, ruling or other legal documents, he shall pay the delay in performance.