Legal analysis: loan default during the epidemic period should be regarded as a reasonable situation, and you can apply for extension. For people who have temporarily lost their sources of livelihood due to the epidemic, financial institutions should appropriately tilt their credit policies, flexibly adjust personal credit repayment arrangements such as housing mortgages and credit cards, and reasonably postpone the repayment period.

Legal basis: Paragraph 4 of Article 1 of the Notice on Further Strengthening Financial Support for the Prevention and Control of novel coronavirus Epidemic, financial institutions should appropriately tilt the credit policy, flexibly adjust personal credit repayment arrangements such as housing mortgage and credit card, and reasonably postpone the repayment period for those who are hospitalized or treated in isolation due to the prevention and control of the epidemic.