Affected by the epidemic, some people's income is unstable or have no income for the time being. What if they can't pay off the mortgage at once?
Today, this topic rushed to the hot search and attracted the enthusiastic attention of netizens. The reporter of Shanghai Securities News learned from a number of banks that for specific groups affected by the epidemic, policy support such as deferred repayment will be provided. Some banks admitted that it can indeed be seen that the income of some customers has been affected to some extent due to the impact of the epidemic, and the number of customers applying for deferred repayment has increased.
Whether at the national or local level, banks are required to have corresponding rescue policies for specific groups affected by the epidemic. For example, Shanghai recently proposed that according to the relevant regulations of the people's Bank of China, for individuals and enterprises that have temporarily lost their source of income affected by the epidemic, they can submit their credit records according to the adjusted repayment arrangements
bank response: there is a deferred repayment policy
Bank Of Communications Co.Ltd(601328) in the latest 19 financial measures, it is proposed to provide repayment policy support for medical staff and government staff participating in epidemic prevention and control, confirmed patients, isolated persons (including isolated observers), suspected patients, spouses of the above-mentioned persons and other personal loan customers, and give a grace period of 3 months as appropriate.
Bocom further said today that for individual loan (including housing loan) customers affected by the epidemic and temporarily reduced repayment ability, BOCOM can give a certain grace period and credit investigation and rescue support according to the policy during the epidemic prevention and control period.
Shanghai Pudong Development Bank Co.Ltd(600000) Shanghai Branch replied that the bank has relevant rescue measures, but it should be approved according to the application submitted by the customer.
Ping An Bank Co.Ltd(000001) retail loan department introduced that various regions have different measures against the epidemic, and the current epidemic situation in Shanghai is relatively severe. For the mortgage loan customers in the isolation period of Shanghai Branch, the following measures are taken: for the customers who have temporary repayment difficulties due to the epidemic, the collection will be stopped, and the interest and penalty interest will be reduced according to the severity of the epidemic; Provide credit investigation and protection schemes for customers who have temporary repayment difficulties due to the epidemic situation.
Ping An Bank Co.Ltd(000001) auto consumer finance center has launched a rescue policy for customers affected by the epidemic and issued the notice on deferred repayment and credit investigation protection policy affected by the epidemic. Customers affected by the epidemic can apply for loan extension. The deferred repayment of customers will be extended to May 20. Customers can apply through the auto finance sub center; After the extension, Ping An Bank Co.Ltd(000001) will also provide customers with plans such as extension or loan restructuring to further alleviate the pressure of customers' monthly repayment.
Shanghai Rural Commercial Bank said that relevant policies had been formulated in the early stage to provide certain repayment grace period and credit investigation and relief support for retail loan customers and credit card customers whose repayment ability temporarily decreased due to the epidemic, which shall be based on the actual situation of customers.
From the perspective of banks, it has been clearly perceived that individual loan customers have the need to apply for extended loans due to the impact of the epidemic on their income.
"From the data of individual housing loans and consumer loans, it is true that some customers' income has been affected to some extent due to the epidemic. Objectively speaking, the number of customers applying for deferred repayment has increased. After applying for deferred repayment, these customers basically repay on schedule according to the deferred repayment plan." China Zheshang Bank Co.Ltd(601916) executives said at the 2021 annual performance conference held recently that from the perspective of credit card business alone, the non-performing rate before and after write off has increased slightly. In this regard, China Zheshang Bank Co.Ltd(601916) also put forward the policy of deferred repayment, providing differentiated repayment services, further reducing the repayment pressure of specific groups, and the overall risk is also within the controllable range.
individual relief policy has long had relevant requirements
After the outbreak of covid-19 pneumonia in 2020, relevant relief policies for personal credit were put forward at the national level.
In 2020, the people's Bank of China and other departments issued the notice on further strengthening financial support to prevent and control the epidemic of pneumonia in New Coronavirus, and put forward the need to improve the financial services of the people's livelihood areas affected by the epidemic. For those hospitalized or isolated due to infection with new-type pneumonia, those who need to isolate observers for epidemic prevention and control, those who participate in epidemic prevention and control, and those who temporarily lose their source of income affected by the epidemic, financial institutions should give appropriate preference to credit policies, flexibly adjust housing, credit card and other personal credit repayment arrangements, and reasonably postpone the repayment period.
In terms of ensuring credit investigation, the above notice also requires that for those who are hospitalized or isolated due to infection with new-type pneumonia, those who need to be isolated for observation and epidemic prevention and control, and those who participate in epidemic prevention and control who fail to repay in time due to the impact of the epidemic, after being determined by the access institution, the relevant overdue loans can not be reported as overdue records, and those that have been submitted can be adjusted. Individuals and enterprises that have temporarily lost their source of income affected by the epidemic can submit their credit records according to the adjusted repayment arrangement.
in response to the current epidemic in Shanghai, the Shanghai Branch of the people's Bank of China and other departments jointly issued the notice on the financial support measures of Shanghai to fight the epidemic and help enterprises promote development. The notice clearly stated that according to the relevant provisions of the people's Bank of China, individuals and enterprises who temporarily lose their source of income affected by the epidemic can submit their credit records according to the adjusted repayment arrangements. For those who are hospitalized or isolated due to covid-19 pneumonia, those who need to be isolated for observation and epidemic prevention and control, and those who participate in epidemic prevention and control who fail to repay in time due to the impact of the epidemic, the relevant overdue loans may not be reported as overdue records after being recognized by the access institution, and those that have been submitted shall be adjusted
From the perspective of a number of financial support measures released by the Bank of Shanghai at present, they are mainly focused on the level of support for enterprises. In terms of personal loan rescue, each policy is inconsistent and the strength is different. Some banks said that "there is no relevant policy yet".
personal mortgage loan risk is controllable
Personal mortgage loan is the most high-quality retail loan business with heavy weight and long term in the bank credit structure.
Among the large state-owned banks, the balance of personal housing mortgage loans of BOCOM in 2021 was 1.49 trillion yuan, an increase of 15.13% over the end of the previous year. This year, the bank will also maintain the stable release of personal mortgage loans and promote the development of personal consumer loans and credit card loans.
Among the joint-stock banks, China Merchants Bank Co.Ltd(600036) , which is mainly retail, by the end of 2021, the balance of individual housing mortgage loans was 1.37 trillion yuan, accounting for about 25% of the scale of retail loans, and the non-performing rate was 0.28%, which was the same as that at the end of the previous year, far lower than the corporate non-performing rate Industrial Bank Co.Ltd(601166) also has more than one trillion yuan of personal mortgage loans. By the end of 2021, the balance of the bank's investment in real estate business had reached 1.65 trillion yuan, with a non-performing rate of 1.34%. At the end of the year, the non-performing loan ratio of real estate was 12.0 trillion yuan, accounting for 49.0% of the personal loan structure, accounting for 49.0% of the total.
However, the asset quality of personal credit card business of some banks is under pressure, especially regional banks. For example, by the end of 2021, the non-performing rate of Shengjing bank's credit card had reached 7.44%, an increase of 3.29 percentage points over 2020.
