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Westpac offers banking options to flood victims

Westpac offers banking options to flood victims

Westpac has today announced a set of relief options for new and existing customers hit by flooding in the Bay of Plenty. More are being considered.

Westpac’s General Manager, Consumer Banking, Ken Hodgson said the options were similar to those offered by the bank to flood-hit customers in the Manawatu earlier in the year.

“Earlier this week we called for our customers to come in and talk to us about anything we could do to help with financial concerns arising from this natural disaster,” Ken Hodgson said.

“We now have some specific options that we invite them to discuss with us, in an attempt to try to help them and their families with the stress of flood damage to their businesses, personal property and homes,” Ken Hodgson said.

“They do not have to be existing customers to talk to us.”

The options – the first three all subject to Westpac’s normal lending criteria – are:

A repayment holiday (an interest-only period) of up to six months and capitalisation of interest for existing home-loan customers Overdraft of up to $1000 at reduced interest rate for new and existing customers Unsecured personal loan of up to $10,000 at reduced interest rate for new and existing customers Credit card repayment options, such as special short-term payment arrangements, capitalisation of payments due and interest-free periods

Westpac has a number of branches in the effected region, including at Whakatane, Opotiki and Tauranga. Customers unable to get to those branches can contact Westpac on 0800 400 600.

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