If the loan cannot be repaid during the epidemic period, the borrower may require the lender to postpone the repayment or repay the loan in installments; If the borrower meets the conditions of deferred or installment repayment, if the borrower is hospitalized due to new pneumonia, the lending institution may allow him to postpone or installment repayment.

legal ground

Article 676 of the Civil Code

If the borrower fails to repay the loan within the agreed time limit, it shall pay overdue interest in accordance with the agreement or relevant state regulations.

Article 678

The borrower may apply to the lender for extension before the repayment period expires; If the lender agrees, it can be extended.

Notice on Further Strengthening Financial Support to Prevent and Control novel coronavirus (IV)

Improve financial services in social and people's livelihood areas affected by the epidemic. 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.