Recently, the epidemic situation in Jilin, Shanghai and other places has been severe, which has affected the work of many citizens, thus affecting the stability of income. Can this group of people apply for extension of loan repayment?
On April 6, the shell finance reporter of Beijing News consulted seven banks including ICBC, China Construction Bank, Bank of China, CITIC and China Merchants. Some banks implemented differentiated delayed loan repayment policies in areas with serious epidemic, involving housing loans, consumer loans, etc., which shall be subject to the results of local implementation and audit Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) senior executives disclosed at the performance briefing on April 6 that the bank has given support for deferred repayment of housing mortgage loans to customers who have temporarily lost their source of income affected by the epidemic.
It is worth noting that in the early stage of the outbreak in 2020, the financial sector issued a deferred repayment policy. Industry insiders interviewed believe that the current round of epidemic has lasted for more than a month, and most home buyers cannot reserve only one month of monthly funds. Therefore, the overall impact of the deferred repayment policy is not large, and the long-term impact depends on whether the epidemic can be quickly controlled.
Bank of China, Bank of communications and China Citic Bank Corporation Limited(601998) implemented the policy of delaying loan repayment in some regions
Among the seven banks consulted by the reporter, Bank Of China Limited(601988) , Bank Of Communications Co.Ltd(601328) , China Citic Bank Corporation Limited(601998) customer service or credit managers made it clear that the policy of delayed repayment of loans had been implemented in some areas.
Bank Of China Limited(601988) customer service said that in Jilin, a grace period has been given to people who have temporarily lost their source of income due to the epidemic. The types of loans include housing loans and consumer loans. If the customer’s repayment period is from March 18 to April 15, they can apply for deferred loan repayment, with a grace period of up to 10 days.
“For example, today is the repayment date. If you fail to pay it back today, you can postpone it for up to 10 days. That is, you can pay the money back before April 15. There is no penalty interest and it is not included in the credit investigation.” Bank Of China Limited(601988) a loan manager of Jilin Branch of Jilin Province explained to reporters that the current policy deadline is tentatively scheduled for April 15. After the expiration, it depends on the epidemic control. If it is well controlled, the policy period may not be extended.
China Citic Bank Corporation Limited(601998) customer service said that at present, cities receiving grace repayment policies include Suzhou, Changchun, Fuzhou, Shenzhen, Hebei, Shanghai, Nanchang and other cities affected by the epidemic, which shall be subject to the implementation of local branches. After the approval of the branch, a grace period will be set, and the full deduction within the grace period will also be regarded as repayment on time.
Bank Of Communications Co.Ltd(601328) customer service said that in March, the bank issued a delayed repayment policy in Jilin, and has not received the registration of relevant policies in Shanghai. It is recommended that users confirm with the lending bank or loan manager.
Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) senior executives revealed at the performance briefing on April 6 that in order to strengthen financial support for the social and people’s livelihood affected by the epidemic, the bank has given support for deferred repayment of housing mortgage loans to customers who temporarily lost their source of income affected by the epidemic. At the same time, in combination with the situation of customers, the bank will not be included in the list of defaulting customers and do a good job in credit investigation protection.
In addition, the customer service of Industrial And Commercial Bank Of China Limited(601398) , China Construction Bank Corporation(601939) , Agricultural Bank Of China Limited(601288) , China Merchants Bank Co.Ltd(600036) all said that there was no registration of deferred repayment policy in the data. If users need it, they can consult and apply to the lending bank or loan manager.
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analysis: the current policy has little impact
In fact, at the beginning of the epidemic outbreak in 2020, the financial sector issued relevant policies: financial institutions should give appropriate preference to credit policies and flexibly adjust personal credit repayment arrangements such as housing mortgage and credit card for people hospitalized or isolated due to covid-19 pneumonia, observers who need to be isolated for epidemic prevention and control, staff participating in epidemic prevention and control and people who temporarily lose their source of income affected by the epidemic, Reasonably postpone the repayment period.
“The policy at that time has expired, and the repayment grace policy implemented in some regions is a new policy.” Customer service personnel and loan managers of many banks told reporters on April 6,
Liang Nan, an analyst at Zhuge housing search data research center, said that at present, there is no unified policy in the country, and the form of institutionalization has not been determined, which leads to unclear treatment attitude and different implementation efforts of banks to a certain extent. At the same time, due to the certain lag of the policy and the long time from its introduction to its implementation, some people with relatively tight economy may have overdue repayment during this period, so it is still different from the phased policy in early 2020.
What is the impact of this round of policies? Zhang Dawei, chief analyst of Centaline real estate, believes that the current round of the epidemic has lasted for about a month. Most home buyers cannot reserve only one month of monthly funding, and it is not difficult to solve the problem of one to two months of monthly funding. Therefore, the overall impact of the deferred repayment policy implemented by banks in some areas is not large, but it is difficult to say later. The key depends on whether the epidemic can be quickly controlled.
Ms. Mao is a wage earner. She handles commercial housing loans. “The extension policy has little impact on me, because after carrying the mortgage, I will certainly save money, not moonlight, and the monthly payment is about 50% of your monthly income. It is impossible for you to earn 10000 a month, and the Bank asks you to pay back the mortgage with 8000 yuan.” She said.
Liang Nan said that the current epidemic situation in various places is repeated, and the overdue has a great impact on personal credit. In serious cases, there will even be a complete interruption of supply, which will also have a certain impact on banks and the real estate industry. Therefore, the introduction of relevant preferential policies is necessary, and subsequent or relevant policies may be issued to ensure that such groups with difficulties can tide over the difficulties.
