Two banks offer relief for customers impacted by Cyclone Hale

ASB and BNZ are offering support to customers impacted by the wild weather event that’s battered Coromandel Peninsula and the East Coast of the North Island.

ASB personal, farming, and business customers could access a range of emergency assistance measures on a case-by-case basis, including:

• option to suspend home loan principal repayments for up to three months
• overdraft of up to $10,000 for ASB home loan customers and up to $2,000 for other ASB personal customers, or other tailored solutions depending on the customer’s circumstances
• tailored solutions for eligible ASB business and rural customers including access to working capital of up to $100,000

For affected BNZ customers, the assistance package available includes:

• ability to review home lending facilities on a case-by-case basis
• access to temporary overdrafts for Agri, Business, and Commercial customers up to $100,000, with no application fee. Standard interest rates and credit criteria applies
• access to temporary overdrafts of up to $10,000 with no application fee for Small Business customers. Standard interest rates and credit criteria applies

“We know there’s been significant damage in some communities and our thoughts are with everyone impacted by this wild weather,” said Barry Coffey, ASB Central North Island regional manager. “Those affected by flooding and weather damage have a daunting clean up ahead and we hope to help ease the pressure on our customers, even a little, so they can focus on the urgent tasks at hand.”

“The focus for customers impacted by the devastating effects of Cyclone Hale will be the clean-up and recovery, so they can get back to their daily lives as swiftly as possible,” said Charlie Noble-Beasley, regional general manager for the Central North Island.

Customers who are facing hardship are urged to get in touch with their respective banks to discuss the range of options available to them.

How are you and your company helping those affected by Cyclone Hale? We’d love to hear from you in the comments below.