ANZ NZ Offers Low-Interest Loans to Customers Affected by Weather Crisis

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ANZ NZ Offers Low-Interest Loans to Customers Affected by Weather Crisis

MT Newswires Live01-23

ANZ Group Holdings' (NZE:ANZ, ASX:ANZ) New Zealand division is offering financial relief and recovery support to farmers and business owners in Gisborne, Coromandel, Bay of Plenty, and Northland affected by recent extreme weather, according to a Friday statement from the bank.

The support includes temporary overdrafts, deferred or interest-only loan payments, and access to its low-interest business regrowth loan.

The business regrowth loan offers existing ANZ business and agricultural customers affected by cyclones, floods, or droughts up to NZ$300,000 at a fixed 3.49% interest rate for up to three years, available from Thursday.

The bank's Australian and New Zealand shares both fell around 1% in recent Friday's trade.

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