Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


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.

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news