COVID-19: HFC Bank offers repayment holiday for affected customers
26 March, 2020, 1:27 pm
HFC Bank is offering a loan repayment holiday for its customers affected by the COVID-19 pandemic.
However, the bank said the customers affected would be assessed and depending on their circumstances, they would be assisted through one of the four relief options on offer.
Apart from the loan repayment holiday, HFC Bank is also offering restructure loans (re-negotiate terms and conditions including term extension, interest-only concessions and debt consolidation), short term funding or top-up loans for business continuity and support and enabling customers to access any government or Reserve Bank of Fiji initiative stimulus package.
“HFC Bank also wishes to announce that in line with the recent RBF announcement on the reduction of overnight borrowing policy rate by 0.25 per cent, HFC Bank will also pass this reduction to customers who meet the hardship criteria,” the Bank stated.