Bank of Hawaii Providing Assistance Programs For Those Affected by Tropical Storm Iselle
Monday, August 11, 2014
HONOLULU, HAWAII - Bank of Hawaii has initiated several financial assistance programs to help those affected by Tropical Strom Iselle.
“Our hearts go out to all of those who suffered home or property damage from the hurricane,” said Peter Ho, chairman, CEO and president of Bank of Hawaii. “Although the majority of the state escaped the brunt of the storm, many residents on the Big Island and Maui are still dealing with the aftermath. These financial emergency relief programs are designed for quick approval to allow people to recover as swiftly as possible. We want to help people restore normalcy in their lives and we have loan officers ready to work with individuals to assess their needs.”
Essentially, the three programs provide access to cash via special loan programs or getting relief on existing Bank of Hawaii loans through loan extensions or forbearances. Special program features include:
- Low interest rates on loans
- Loans with no payments for first three months
- Fast approval and quick funding
- Reduced payments with loan terms up to 60 months
- Loan amounts up to $25,000
Depending on the particular loan program, funds may be used to 1) provide cash relief for emergency supplies and living essentials; 2) repair homes and/or vehicles, replacement of living essentials, or to bridge working capital needs; 3) receive forbearance and/or extension on loans for existing BOH clients.
The nearest Bank of Hawaii branches to the impacted areas are Pahoa and Waiakea branches on the Big Island and Pukalani branch on Maui.
Information and specific details on each of the programs are also available by calling Bank of Hawaii’s Customer Service Center on Oahu at: 1-888-643-3888.