BOQ's Banking Relief Packages
Thursday, 26 March 2020
The BOQ Group today announced a number of support measures for both small business and retail customers across its brands.
BOQ is committed to supporting its customers during this difficult time and has announced the following assistance packages for both small business and retail lending customers.
Business Banking Relief Package:
As part of the Australian Banking Association’s (ABA) recently announced industry-wide small business response, BOQ has a new Business Banking Relief Package available to small business customers. This package offers small business customers a deferred repayment period of up to six months on small business loans.
Personal Banking Relief Package:
To help support everyday Australians also experiencing difficulty in the current environment, BOQ’s retail customers can opt to either defer their mortgage repayments or switch to Interest Only repayments for an initial period of three months. At the end of this period, BOQ will work with these customers to assess if further assistance is required.
BOQ customers wanting to apply for one of BOQ’s Banking Relief Packages should apply online at: https://www.boq.com.au/help-and-support/assistance or call 1800 079 866.