Financial news
Written by: Jingjing He
2020-02-18 18:45
Last updated: 2020-02-18 18:45Shanghai Commercial Bank announced that in response to the impact of the new coronavirus epidemic, temporary relief measures will be introduced for SMEs and individual customers in need. From now until June 30, 2020, the past 12 months have a good record of repayment. Eligible customers can apply for relief measures for corresponding loans.
These mitigation measures include the longest “12 months interest and non-repayment” arrangement for property mortgage loans; loans under the SFGS SME Financing Guarantee Scheme (SFGS) can apply for up to 12 months "Repayment of principal" arrangement; trade financing customers can enjoy a 30-day extension of the principal repayment arrangement without additional fees or penalty interest. For enquiries, please call customer service hotline 28180282.
Shanghai Commercial Bank