Westpac NZ Offers Relief to Flood-Affected Whanganui, Wellington Customers

MT Newswires Live04-21

Westpac Banking's (NZE:WBC, ASX:WBC) New Zealand unit is providing financial support to customers affected by severe flooding and landslides across the Whanganui and Wellington regions, including temporary loan repayment suspensions and hardship assistance measures, according to a Tuesday statement by the bank.

Support measures may include temporarily suspending loan principal repayments, deferring credit card payments, and providing hardship assistance such as lower repayment amounts, short-term overdraft access, and early access to term deposit funds.

Business and agricultural customers may be eligible for up to three months of relief on loan and credit card payments, while consumer customers can receive home loan payment suspensions or other customized support based on their situation.

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