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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:

St George finance lending suncorp St George finance lending wetpac finance lendingnewcastle finance lending NAB finance lending ME finance lending lake macquarie finance lending liberty finance lendingANZ finance lending bankwest finance lending commbank finance lending ING finance lending LaTrobe finance lending

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Contact us

Specialist accounting and business advice, knowledge and experience for businesses and professionals.

Newcastle

Level 5, 12 Stewart Avenue, Newcastle West NSW 2302

Sydney

Level 10, 20 Martin Place, Sydney NSW 2000

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