Can you not change the loan for 6 months? The importance of cash During the coronavirus period, cash became very important in times of war or plague. And your real estate becomes very small. If you have a loan and house, you can consider whether you need to restructure your loan, get lower interest, and help you save money. or take money out of your loan to help you through the difficulties.
People with coronavirus feel very panic ,3. More than 2,136 people were diagnosed in australia on the 24th COVID-19, and more than 913 in new york province have the virus. Many industries were forced to shut down, and on march 23rd more than 90,000 people suddenly lost their jobs, and many small business people`s.
In fact, cash becomes very important when war or plague comes. And your real estate becomes very small. If you have a loan and house, you can consider whether you need to restructure your loan, get lower interest, and help you save money. or take money out of your loan to help you through the difficulties. If you need a loan service, please contact CINDY -0403-418-758.
The bank will extend all loans ABA all small businesses for six months, says Anna Anna Bligh, chief executive of the Australian Banking Association.
Australia`s Banking Association (ABA –Australian Banking Association) said all small businesses hit by the coronavirus pandemic could delay repayment of all loans by six months. What a good thing it is. It should be noted that this proposal includes:
- Failure to repay loans exceeding $100 billion due to coronavirus outbreak
- The Banking Association expects this to bring real cash recovery of $8 billion to small businesses
- If families are under mortgage pressure, banks will consider home loan relief measures
"Blight can rest assured that if they need help, they will get help ," he said. 」
Blight said that as COVID-19, banks had not yet seen households under mortgage pressure, they would reassess their practices if change, were the case.
"If we start to see any other urgent needs... The bank knows they need to study these things. 」
Shortly after the announcement, National Australia Bank National Bank of Australia said house loan customers could suspend repayment for up to six months. He also cut fixed-rate house lending by 60 basis points. and we need to remind that if you are in the restaurant business, you can communicate with us, we can help you analyze the loan to see if you meet this condition, and do not repay the loan for more than 6 months.
ANZ ANZ also cut its fixed-rate house lending by 0.59%. And the only bank that didn`t reduce the interest is the Federal Bank of Australia Commonwealth Bank of Australia. So if you have a loan from the Federal Bank of Australia, please contact us and we` ll get you a lower interest. Call, Cindy 0403-418-758., please
The Reserve Bank on Thursday lowered interest rates to a record low of 0.25 and announced special measures to prevent a coronavirus-induced recession.
RBA Australian Federal Reserve will buy Australian government bonds as part of its first quantitative easing program and will provide three-year financing instruments to provide cheap loans to Australian banks.
"I know the Reserve Bank`s decision yesterday to inject low-interest loans into banks that might lend to the industry was welcomed ," Mr. Blag said. 」
"Many small businesses are trying to repay their loans. This extension will help them. 」
It is important to note that small businesses in Australia employ about 5 million Australians. If small businesses fail, how many people will be unemployed.
Before the announcement on friday, the two banks had been in discussions with the financial minister josh verdenberg and regulators, ms. bragg said.
"We are in a very difficult time ," she said. "This is a particularly important moment, and Australia needs to see more patriotic companies working with the country to overcome the difficulties. 」
Competition regulators ACCC provide temporary authorization to allow banks to jointly implement small business relief schemes.
The bank will extend all loans ABA all small businesses for six months, says Anna Anna Bligh, chief executive of the Australian Banking Association. (Figure: Adobe Stock)
Chairman Rodgers Simms (Rod Sims) said :" We are aware of the urgency of this issue. We believe that this relief program will enable banks to quickly provide relief to affected businesses and allow them to continue hiring employees. 」
"It is important that temporary authorization does not mean that banks can not decide to offer more favourable and tailored terms to their small business customers who have experienced financial difficulties during this period. 」
U.S. opposition party leader Anthony Jose Albanez (Anthony Albanese) said the National Bank`s personal housing loan decision would build confidence in economic.
"I think any current measures to provide support to borrowers deserve support ," he said. 」
"The National Bank has shown some leadership here. And we very much support the measures already announced, especially those announced by all banks.
Finally, we would like to mention that in the current plague, we do not need to be afraid, in fact, we should have a grateful attitude to this virus. I personally will be grateful to him every day, because, this virus allows me to have a good rest at home to work, the air becomes clearer, and I hear that in China, in Italy, in the world, the air becomes better, the water becomes clearer, and many of the animals who have heard of extinction come back. How nice!
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If you have difficulty in repayment, please contact us and we will help you postpone the date of repayment.
If you want to restructure your loan and spend more money to support your business, please contact us, Cindy 0403-418-758, nothing is as important as cash in this plague.
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