FNB Lesotho has announced relief measures to its customers. FNB Lesotho says they believe it is their responsibility to help support individual and commercial customers whose finances have been impacted by the ongoing pandemic.
The cashflow relief measures will be applied to both Retail and Commercial customers for a period of three (3) months and will include the following:
- Instalment relief for the following product classes:
- Retail customers: home loans, personal loans and WesBank loans;
- Commercial and SME customers: commercial property finance, vehicle and asset finance and term loans
- Interest and fees will continue to accumulate on outstanding balances.
- Individual customers will be able to choose between two options where they will enjoy a payment holiday from paying their loans and either:
- Choose to pay over an extended loan repayment term with the same instalment after the holiday or;
- Choose to increase their instalment slightly after the holiday to maintain the same loan repayment term;
The Bank will continue to offer free swiping on speed points for customers on bundled pricing.