Australian banks have offered loan repayment deferrals of up to three months to their small business customers as New South Wales succumbs to hardened lockdown restrictions.
Australias banks on Friday each announced varying small business support options to customers affected by hardened state lockdown restrictions spanning loan repayment deferrals of up to three months, merchant terminal fee refunds, and waived fees.
Australian Banking Association (ABA) CEO, Anna Bligh, said that customers should rest assured if they need support, because their banks will give it to them.
While we know that the Australian economy is in good shape, we also know that recent lockdowns have taken their toll on customers and the recovery can be slow, Ms Bl…
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