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What hardship assistance options are there for Rural Bank clients?

Options may include:

  • Debt consolidation, typically resulting in a longer loan with more manageable repayments.
  • Consolidating debt to a term loan, effectively extending the repayment period and reducing repayments to a more manageable level at a lower interest rate.
  • Waiving term deposit break fees
  • Re-aligning cash flow expectations to better match current economic and seasonal circumstances.

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