COVID-19: ANZ offers loan repayment deferrals
7 April, 2020, 11:52 am
With the economic downturn becoming more acute for Fiji and the other Pacific countries because of COVID-19, the ANZ Bank is now offering loan repayment deferrals of up to six months for Pacific customers financially affected by COVID-19.
ANZ regional executive for the Pacific Tessa Price said loan repayment deferrals meant that qualifying customers would not make principal and interest payments on their loans for up to six months, although interest would continue to be charged to the loan.
Ms Price said they were part of a range of other measures designed to support ANZ customers in hardship and are in addition to fee removal and interest rate reductions already implemented by ANZ.
She says this is consistent with the earlier announcement made by the Fijian Government.