Westpac Fiji customers who have been affected by COVID-19 will be given a repayment holiday (principal and interest) up to six months on their home loans, personal loans and business loans.
This will be done on a case by case basis.
Westpac Fiji say customers who can provide evidence they have been impacted through COVID-19 by the loss of employment, reduced hours, enforced leave without pay and business closure are entitled to this.
However interest will be accumulated over the number of months a customer takes to pay their loan.
Westpac Fiji Chief Executive, Kip Hanna this is a once in a lifetime event and a united response by government, regulators and corporate Fiji is exactly what they need, and what has been put in place.
Hanna says they are determined to help their customers through this uncertain situation.
He says at this challenging time, they remain very conscious of the important role they play and their focus is on ensuring they continue to support their customers.
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