Bendigo Bank provides mortgage relief

Bendigo Bank will provide interest relief to customers who have lost homes, businesses or income as a direct result of the bushfires.

Repayments on owner-occupied and business loans will be deferred for three months and interest will not accrue during this period. Customers with fixed rate loans who elect to use an insurance payment to pay out their loan will not be charged loan break costs.

Bank spokesman Owen Davies said that after the three months, the bank’s Mortgage Help Centre would work with customers individually.

“Our aim is to help them get back on their feet as quickly as possible.”