Banks offer home loans relief in response to Cyclone Gabrielle

For only the third time in the country’s history, a National State of Emergency was recently declared, to help in the response to Cyclone Gabrielle.

The declaration applies to Northland, Auckland, Tairāwhiti, Bay of Plenty, Waikato and Hawke’s Bay CDEM Group areas, and the Tararua District.

“A National State of Emergency gives the National Controller legal authority to apply resources across the country in support of a national level response,” Minister for Emergency Management Kieran McAnulty said. 

Banks offering relief to affected customers

A range of banks have offered support to customers affected by the North Island weather events. 

Depending on your bank and your situation, you may be able to claim:

  • Home loan relief, including repayment deferrals, repayment reductions and the chance to switch to interest-only repayments.
  • Early access to term deposits.
  • Credit card repayment reductions.
  • 0% interest overdrafts (for a limited period).
  • KiwiSaver hardship withdrawals.

If you or someone you know needs help, don’t hesitate to get in touch. I can let you know what support you may be entitled to, and how to claim it.