Payments have been deferred for a total of 11,946 home loans. At the end of March, there were 3.3 million mortgages outstanding, according to figures from the Central Individual Credit Registry. So 0.4 percent of the number of housing loans has been deferred. For 3,600 loans (30 percent), this deferral was granted outside of Febelfin’s framework by offering tailor-made solutions.
According to Febelfin, the average holiday pay for affected families is €470 per month. Thus, families get an extra monthly amount for 12 months, “with which they can pay mounting energy bills or buy more expensive groceries, for example,” according to Umbrella Banks.
In response to the energy crisis with prices skyrocketing, the Belgian banking sector devised a payment deferral system, which began on October 1. Customers who meet the conditions can get a payment extension of up to twelve months. They then did not have to repay any principal for their home loan, only interest.
The loan term has been extended for a similar period. Families had to have less than €10,000 in movable assets at the time of application and could not be registered as defaulters. A similar arrangement was also introduced during the Corona pandemic.
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