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Non-bank lender announces support package for those affected by the current bushfire crisis.
La Trobe Financial has announced it will make available a support package to customers who have suffered a reduction in income due to the impact of the current crisis, or their property has been damaged as a result of the fires.
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La Trobe Financial’s chief operating officer, Brian Ford said La Trobe intend on supporting customers through this difficult time.
“It is important to support our community during such a crisis and we have therefore put together a Hardship Assistance Team to make the necessary assessments and assist the community,” he said.
Affected borrowers can request to postpone loan repayments for three months.
Postponement of a loan repayment means that the loan repayment due on the respective payment day will be capitalised in the loan balance. Non-payment of the loan repayment for the agreed term will not constitute arrears or a default under the mortgage.
Applications can be made for assistance to the Hardship Assistance Team with each situation assessed on a case by case basis.
