Major banks: Flexible response to mortgage repayment consultation New Corona May 8 4:32
Increasingly, the number of inquiries that it has become difficult to repay mortgages as planned due to the decline in income due to the spread of the new coronavirus infection, and the flexibility among major banks to change the conditions such as reducing the monthly repayment amount There is a movement corresponding to.
Of these, Sumitomo Mitsui Banking Corporation and Mizuho Bank extended the repayment period in response to consultations that it was difficult to repay the mortgage due to the decrease in income due to the spread of infection, and then the monthly repayment was covered by interest payment for a certain period. It is allowed to change the condition such as just changing it.
Changing the terms of mortgage repayment usually costs a few thousand to 10,000 yen, but if income decreases due to the spread of infection, the fee is exempted.
In addition, Resona Bank is responding to consultations about changing repayment conditions to reduce the monthly repayment amount, and it is also reducing the documents that need to be submitted so that the procedure does not take time.
The extension of the emergency declaration may increase the number of people who have difficulty in repayment of mortgages, and the issue is how financial institutions support households.