Source: Hong Kong Government special administrative region
Banking industry further extends loan repayment grace period for affected individuals of Tai Po Fire
Recognising that some affected residents may need time to complete their housing and financial-related arrangements, the banking industry agreed to continue providing the below support measures following discussions with the HKMA and HKAB:
(1) Extend the repayment grace period for various loans: All 28 retail banks will further extend the repayment grace period (including principal and interest) for existing mortgages, personal loans, credit card loans, etc, of affected individuals by an additional six months to the end of May 2027. Such extension aims to alleviate the financial burden of affected individuals and provide them with greater flexibility in making long-term housing arrangements.Issued at HKT 17:00
NNNN