Rural Bank has announced financial assistance measures for customers directly affected by the bushfires and floods in Tasmania, Victoria, New South Wales and Queensland.
In a show of support for customers within regions affected by these extreme weather events, Rural Bank is offering the following measures on a case-by-case basis in applicable circumstances:
- Waiving of break costs for early withdrawal of funds from Term Deposits;
- Waiving of break costs for early withdrawal of funds from Fixed Rate Farm Management Deposits;
- Deferring principal payments of Agribusiness Term Loans for three months on request;
- Waiving the establishment fee for restructuring Agribusiness loans; and
- Waiving application fees for Overdraft Temporary Limits
- Deferring annual and/or limit reviews by up to three months on request;
Rural Bank CEO, Paul Hutchinson said that it is important for deposit and agribusiness lending customers to be aware that a range of options is available to them if needed.
“We are committed to assisting customers who have been affected by recent bushfires and flooding. Our staff and representatives will work with those customers affected to develop an appropriate plan to support them through this difficult situation” Mr Hutchinson said.
“For our agribusiness clients, our primary focus is to ensure that customers affected by these extreme conditions are well positioned to manage their enterprise when conditions improve,” he said.
“On behalf of Rural Bank, I would also like to let all affected residents of Tasmania, Victoria, New South Wales and Queensland know that our thoughts are with them and we wish them well in what are dramatic and challenging circumstances.”
Customers who have any queries about the assistance available should call their Rural Bank Relationship Manager, local Elders District Banking Manager or Rural Bank direct on 1300 660115, or visit www.ruralbank.com.au
For information about Government disaster recovery assistance, visit www.disasterassist.gov.au
Rural Bank is conscious of supporting all disaster affected customers at this time and will assess each applicant individually to maintain proper lending practices and importantly ensure that customers do not continue to be adversely impacted by this situation.