COVID-19 Bank Assistance

COMMONWEALTH BANK 

• Deferring repayments on a variety of business loan and overdraft products, for 6-months.
• Reducing commercial interest rates by 0.25
• Waiving merchant terminal fees for impacted customers with CBA payment terminals, for 90 days.
• Waiving early redraw fees on business term deposit accounts (including Farm Management Deposit accounts).
• Waiving establishment fees and excess interest on Temporary Excess products.
• Deferring repayments on vehicle and equipment finance loans, and providing tailored restructuring options that meet individual customer needs.

MORE INFO: https://bit.ly/2QwCkV9

ANZ

• Suspending interest repayments
• Deferral of business loan repayments for up to 6 months, assessed on a case-by-case basis
• Providing early access to term deposits without incurring break fees
• Providing access to additional credit subject to approval

MORE INFO: https://bit.ly/3bii2GI

NAB

• Deferral of business loan repayments for up to 6 months, assessed on a case-by-case basis
• Extension of a business loan term by a period of up to three months, where individual circumstances warrant
• Support to restructure existing business loans, including equipment finance
• Business credit card deferred repayments.

MORE INFO: https://nab.co/33DkiFX

WESTPAC

• Continuing its hardship assistance program
• Deferral of business loan repayments for up to 6 months, assessed on a case-by-case basis

READ MORE: https://bit.ly/2vJDmpC

BENDIGO BANK

• Home Loan and Business Loan customers can apply for relief on loans for up to three months
• Waiver of fees for the restructuring or consolidation of loans
• Credit card customers can apply for an emergency credit card limit increase
• Discounted interest rates on new personal loans taken out by existing Bendigo Bank customers
• Waiver of interest rate reduction for early withdrawals on maturity
• Deferral of payments and extensions for Equipment Finance on a case by case basis

READ MORE: https://bit.ly/399pYbV