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Banks to further extend loan deferrals to customers impacted by COVID-19

- July 8, 2020 2 MIN READ

The Australian Banking Association has announced the major banks have been in discussion with APRA and ASIC to extend existing COVID-19 relief to allow further deferrals of mortgage repayments past six months. Customers with reduced incomes and ongoing financial difficulty due to COVID-19 will be contacted by their banks and, if they cannot return to… Read more »