What happens to your home loan if your house is destroyed in a natural disaster?
Generally speaking, if your house is destroyed in a disaster you are still on the hook to make your monthly mortgage repayments. However, this year many of Japan’s major banks have started to offer their new borrowers with some respite from their loan payments in the event of a disaster such as an earthquake, typhoon or flooding.
6 ~ 24 months delayed or exempted loan repayments