（Photo: Nanfang Daily）
A number of banks in Guangdong provide the province’s individuals and industrial & commercial households affected by the latest epidemic credit support covering housing loans, consumption loans and business loans.
Bank of China Guangdong Branch: to extend loan period for personal loan customers
Due tothe latest epidemic in Guangzhou, Bank of China (Guangdong Branch) released relevant measures of financial services for those affected people and small & micro businesses.
For instance, for personal loan borrowers who were infected or quarantined in this round of epidemic, and borrowers whose payments were temporarily affected due to the epidemic, the bank will provide measures such as extending loan periods, setting payment grace periods, and adjusting payment plans.
Also, the bank will provide specific solutions for affected small & micro-sized enterprises. They will enjoy combination services such as adjustment of their loan payment plans, extension of the loan period and preferential loan interest rate.
Construction Bank of China Guangdong Branch: to extend up to 28 days of delayed payments for loans
According to the bank, they have launched policies of delayed payments for loans during epidemic since the outbreak of COVID-19 in 2020.
For instance, the delayed payments for mortgages and consumption loans can be extended up to 28 days while not degrading clients’ credit. Other services include to extend the entire loan period and reduce the installment payments.
Shanghai Pudong Development Bank Guangzhou Branch: to provide flexible payment plans for credit card holders
The bank will provide flexible payment plans for epidemic-affected credit card holders including COVID-19 confirmed and asymptomatic patients, quarantined people and those who have participated in epidemic prevention work.
For housing loans and consumption loan clients, the bank has issued a policy for deferred payment. After the applications are verified, they can obtain a deferred payment service within a certain period. And eligible online consumption loan clients can apply for the loan again according to the epidemic situation.
Author: Will
Editor: Wing Nan Jerry
