Bendigo Bank has expanded its flood assistance package for agribusiness customers in Victoria, NSW, Queensland, and Tasmania.
Eligible customers will now see their agribusiness loan payments deferred for up to six months, from three months, to support customers who were impacted by the floods.
Adam Rowse, chief customer office business and agribusiness, said the move was the right thing to do given the circumstances.
“What we’re seeing on the ground is simply devastating for many of our farmers and agribusinesses customers,” Rowse said. “Expanding our assistance package is just one small way we can help. Our farmers are the backbone of this country, providing the food we put on our tables every night. It’s critical we provide them with the support they need when times are tough.”
Other support measures available to flood-impacted agribusinesses include flood grants of $10,000 from the Victorian government for eligible farmers and primary producers in Victoria and the federal government’s Disaster Recovery Payments of $1,000 per adult and $400 for children under 16.
Concerned customers are advised to speak with their local branch manager, banking manager, or agribusiness relationship manager when it’s safe to do so.
For more information regarding financial hardship and applying for assistance, Bendigo Bank customers can contact the Mortgage Help Centre on 1300 652 146 or visit www.bendigobank.com.au/help.
