Chinese banks ease mortgage burden for epidemic-hit borrowers


  • World
  • Friday, 08 Apr 2022

BEIJING, April 7 (Xinhua) -- China's five major state-owned banks have adopted a slew of measures to ease the residential mortgage burden for individual borrowers affected by the COVID-19 epidemic.

These steps include postponing mortgage repayments, extending repayment periods, as well as deferring principal and interest repayments on housing loans, the banks told Xinhua.

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