Australia's banks will offer loan repayment deferrals to flood victims in a repeat of extraordinary emergency action last seen two years ago when the pandemic shut down the economy.
The deferrals will be up to three months and will apply to residential mortgages, personal loans, credit cards and some business loans.
There'll also options for waiving fees and charges, debt consolidation and access to extra to cover cash flow shortages.
I speak with Australian Banking Association chief executive Anna Bligh
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