1. What should I do if I get a housing loan after a natural disaster?
According to the current insurance and bank loan contracts, this is the case: insurance does not cover house damage caused by earthquakes; if you have a mortgage loan with a bank and then have your payment cut off, if the mortgage is damaged or not If it’s worth so much money, you have the right to continue to pursue the difference. Let me tell you my own opinion. If it is enough, I borrowed 500,000 from a friend. Later, the house collapsed in the earthquake. Can he say that my house collapsed and not repay the 500,000 that I borrowed from you? Borrowing money from a bank is the same thing, but it's even stricter, and even the government can't easily intervene. ------------------------------- Downstairs, look at how much negative equity Hong Kong had during the 1997 financial crisis. It was they who had This is a chance for rebirth, if not everyone has nothing to eat!
2. What should I do if I am unable to repay an online loan due to a family disaster?
It is recommended that customers first organize the funds on hand, how much can be repaid, and when repaying, choose to repay the repayment that is soon past the repayment period or has been overdue for a long time. Also, it is best to choose to repay the larger amount first. Arrears. The reason for this is that the longer the overdue period is, the more penalty interest will be incurred; the penalty interest incurred for large overdue debts will be greater than that for small debts.
As for the remaining balance, it is recommended that customers contact the customer service of each platform for negotiation. They can try to apply for extending the repayment period and repaying the debt in installments. The platform will generally consider it as appropriate. In order to avoid direct rejection by the platform, customers must clearly explain their temporary inability to repay the loan during negotiation and provide corresponding information to support it.
In addition, customers can also try to borrow money from family and friends around them and pay off the debt first. It will not be too late to repay the money to relatives and friends later when they have money. At least the relatives and friends will have more money. The repayment period is negotiable and no interest will be charged.
3. Do you still have to repay the mortgage if the house collapses during the earthquake?
The house loan contract and the house sales contract are two completely different contracts. Although they are both caused by the house, the contract The executions are independent of each other. This means that no matter what happens to the house, including damage and collapse, it will not directly affect the execution of the housing loan contract. If the house collapses due to the earthquake, the house buyer will still need to continue to repay according to the contract.
The earthquake caused the house to collapse, but the mortgage still has to be repaid! If the house is gone, the mortgage still needs to be repaid. Emotionally, many people cannot accept this. Natural disasters such as floods, earthquakes, etc. are force majeure. If a house collapses due to force majeure, the bank may allow the house buyer to temporarily suspend repayment from a humane perspective, and the mortgage extension period will not be included in the personal credit report.
How will the bank handle it? Everyone must still remember the serious disaster that the Wenchuan Earthquake brought to the Chinese people, with huge casualties and property losses. Regarding the issue of loan repayment after the earthquake, the central bank and the China Banking Regulatory Commission issued a special emergency notice requiring all banks to refrain from collections, interest penalties, and bad records for entities and individuals who cannot repay various loans on time. Loans that have been issued before the disaster but cannot be repaid on time after the disaster can be deferred for 6 months. There will be no collection, no penalty interest, or bad records before the extension expires.
At the same time, if the lender suffers huge losses, the loan may not need to be repaid. According to the "Emergency Notice on Effectively Writing Off Bad Debt Loans in the Banking Industry Caused by the Wenchuan Earthquake in Sichuan", banking financial institutions must follow the provisions of the "Management Measures for the Write-off of Bad Debts of Financial Enterprises" and must not Debts that cannot be repaid after obtaining insurance compensation, or recovering from insurance compensation or guarantees, should be deemed as bad debts and be written off in a timely manner.
Such a provision leaves a loophole for the lender to no longer have to repay the loan. If the borrower is indeed unable to continue repaying the loan, the bank is responsible for exempting the mortgage loan and the loan losses will be borne by the bank. In other words, after certain conditions are met, the house is gone and the loan does not need to be repaid.
Summary Of course, the relevant financial policies for the Wenchuan Earthquake are aimed at the Wenchuan Earthquake itself and do not apply to losses caused by natural disasters in other regions.
Under normal circumstances, if a house collapses due to an earthquake, if there is no national targeted loan exemption policy, the mortgage must still be repaid on schedule.
If a relatively large natural disaster does occur, the country may still introduce a unified policy like Wenchuan's to treat loans as bad debts. In addition, the lender can also apply for civil relief and may be able to obtain certain financial compensation.
4. What should I do with the housing loan after a natural disaster?
You don’t have to pay it back, your home is gone! ! Go to the bank as soon as possible to cancel your loan, otherwise you will be blacklisted by financial institutions, which will be very bad.
Friend upstairs, if you borrowed 50W, and this happened to you, would you pay it back? (Sorry for the offence)