Mortgage repayment Insurance products partially exempted when unemployed Large trust banks, etc.September 2, 21:48
In order to protect users of mortgages that have been economically impacted by the new coronavirus, major trust banks and foreign-affiliated insurers are offering insurance products that partially exempt repayment if the user of the loan is unemployed. I will start handling it.
The new insurance product was jointly developed by Sumitomo Mitsui Trust Bank and foreign insurance company Cardiff General Insurance.
If the person who applied for the loan becomes unemployed due to the bankruptcy of the workplace or is dismissed, the special feature is that the loan repayment is exempted for up to 3 months, and it will start handling from November this year. about it.
However, interest rates are slightly higher than with regular mortgages.
According to banks, in many cases, if you get sickness such as cancer or stroke, you will have a special exemption for repayment of the loan, but it is a major financial institution to add a special exemption when you lose your job. It's my first time.
In order to protect those who have difficulty in repayment of mortgages due to the impact of the new coronavirus, the FSA is requesting financial institutions to flexibly respond to changes in loan conditions, and the monthly repayment amount. Some places are taking measures such as reducing the number.