Bank of Hawaii Providing Financial Assistance Programs For Guam and Saipan Residents Impacted by Super Typhoon Sinlaku

Bank of Hawaii has initiated financial assistance programs to help Guam and Saipan residents affected by Super Typhoon Sinlaku.

“In the wake of Super Typhoon Sinlaku, access to cash and flexibility are essential. Our hope is to provide Guam and Saipan residents with practical options that help ease financial pressure during this early stage of recovery,” said Bank of Hawaii President and CEO Jim Polk.

The programs provide access to cash via an emergency loan, and relief on an existing Bank of Hawaii loan through extensions or forbearances.

1. Emergency Relief Personal Loan Program:
   • Fixed rate of 5.00% Annual Percentage Rate (APR)
   • Loans up to $7,500
   • Loan fee waived
2. Emergency Forbearance Program:
   • Loan forbearance for up to 3 months for residential mortgages, home equity loans and home equity lines.
   • Forbearance amount can include a partial loan payment up to full payment based on the amount the borrower can afford to pay.
3. Extension Program:
   • Provides a loan extension for up to 3 months for products, including: direct installment (personal loans) and indirect loans (auto).
   • Principal and interest payments will be deferred for the term of the extension.

Additionally, starting Monday, April 20 ChST, Gualo Rai Branch will open for limited hours: Mondays through Fridays: 9 a.m. to 1 p.m. (No Saturday hours available, temporarily.)

Bank of Hawaii will begin accepting applications on Monday, April 20 ChST. For additional information on the financial relief programs, call the Bank of Hawaii Guam Call Center toll free at 1-877-553-2424. Details are also available at http://www.boh.com/sinlaku or by visiting a Bank of Hawaii branch on Guam or Saipan. For payment relief on an existing Bank of Hawaii loan or line, call (671) 479-3700 or toll free 1-877-280-6477.

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