Motoring News

Finance repayment relief from banks for 150 000

JOHANNESBURG, South Africa – FNB and WesBank have approved payment breaks on more than 500 000 credit agreements for nearly 150 000 individual and business customers since April 1 2020.

The figure involved is more than R4.3 billion.

FNB chief executive Jacques Celliers told The Corner in a media release: “Our approach is to offer qualifying customers a payment break by paying instalments on their behalf for three months. We’ve structured our assistance at prime interest rates to alleviate the financial burden and give customers the flexibility to repay the facility over flexible terms.

‘MANAGING IMPACT

“Similarly, we continue to scale our support for businesses to help them manage the immediate impact of the Covid-19 lockdown – even beyond lockdown through the loan scheme recently announced by the SA government.”

WesBank customers can apply online at www.wesbank.co.za .

While FNB’s payment breaks are provided to individual customers across the bank’s full credit product range nearly 127 000 individual customers have been offered contracts on overdraft and credit-card facilities.

Customers are encouraged to use digital channels for most services, including assistance with Covid-19 relief. FNB customers can also use the bank’s in-app messaging to request assistance with their day-to-day banking enquiries and WesBank customers can enquire via www.wesbank.co.za

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