COVID-19 relief solutions
Our interventions will be executed in phases, with the first assisting those clients who demonstrate sound banking behaviour, such as having honoured their repayments to the bank on a consistent basis prior to COVID-19.
For those customers who qualify, our COVID-19 interventions are available for a period of three months, and will cover the following:
- A payment break for clients in good standing with Business Loans (such as Business Loan, Business Revolving Loan or a Business Booster Loan) - with a turnover up to R20million p.a. - during which no instalments will be due for 3 months
- Assistance with processing credit insurance claims, where possible
- Individualised bridge facilities for those who need it
- Speedpoint® device rental fees and minimum merchant fees will be waived for some merchants who are in good standing but operate in distressed industries
As indicated, the above reflects the first wave of interventions, and we will be expanding on this in the coming weeks.