Financial Assistance Hardship Print E-mail

We understand that some of our customers may be experiencing financial assistance hardship. This means they want to pay what they owe but are unable to do so, or they anticipate being unable to do so in the near future.

This may be due to a number of reasons. These may include:

  • unemployment
  • illness
  • medical expenses
  • relationship breakdown
  • reduced income
  • business failure
  • customer over-commitment

If you are an eligible customer you might be able to apply for financial hardship assistance. To decide on your application, we will request from you supporting documents including completing a new loan application form.

The types of assistance available will depend on your particular financial circumstances, reasons for experiencing financial hardship and future prospect. The types of assistance include:

  • Extending the term of the loan for a certain period and reducing the repayment amounts
  • Postponing repayments for a specific period, six to twelve months to be assessed on a case by case basis.
  • Suspending any debt collection activity while these arrangements are in place.

We encourage you to contact your Relationship Manager at your home branch. Contact details can be found on this website; Or,

Arab Bank Australia: 1800 272 222 
Hours of operation: 9:00am – 5:00pm Mon-Fri

 
To the extent that any material on this page could be construed as advertising or promotional material for our products, a Product Disclosure Statement (PDS) is available on this website, and should be considered before making any decision on these products.