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Payments resume for most bank loans deferred during COVID-19 – NEWS.com.au
Payments resume for most bank loans deferred during COVID-19
The majority of loans placed in deep freeze as a result of the coronavirus pandemic have resumed normal repayments, Australias peak banking body says.As at March 31, only 0.5 per cent of the almost 1 million loans that had been deferred due to COVID-19 hardship remained that way, the Australian Banking Association has revealed.
According to the ABA, just 3170 home loans and 508 small business loans are still on hold after industry-wide measures were brought in to assist households and firms at the…
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