With the fallout from COVID-19 and the effects it is having on businesses, we understand finances are tough for businesses and individuals at this time.
If you are having financial difficulty the majority of lenders have hardship policies in place for individuals and you should get in touch with your bank. For more information go to the Australian Banking Association – Financial difficulty page which will link to each bank’s assistance package and how to apply.
Lenders all have financial hardship policies available if you are unable to meet your existing financial obligations. Arrangements depend on your circumstance and situation and could include:
- deferring or reducing loan repayments
- restructuring and consolidating loans
- altering loan repayments to interest-only
Crosbie Finance is here to help you navigate the unknowns in this difficult time so please get in touch if you need any advice.
For more information recently sent out on home loans and business and equipment loans READ HERE.
To find out more on what your bank is offering click on the bank’s logo below: