Bank of Hawaii and First Hawaiian Bank are offering financial assistance programs to help those affected by the recent heavy rain and flooding in East Honolulu and on Kauai.
“These financial emergency relief programs are designed for quick approval to allow people to recover as swiftly as possible,” Peter Ho, chairman, CEO and president of Bank of Hawaii, said today.
Bankoh said its programs provide access to cash via special loan programs or getting relief on existing Bankoh loans through loan extensions or forbearances. Special program features include low interest rates on loans, loans with no payments for the first three months, fast approval and quick funding, reduced payments with loan terms up to 60 months and loan amounts up to $25,000.
Depending on the particular loan program, funds may be used to provide cash relief for emergency supplies and living essentials; repair homes and/or vehicles, replace living essentials or bridge working capital needs; and receive forbearance and/or extension on loans for existing Bankoh clients.
First Hawaiian customers affected by the heavy rain and flooding can stop by any nearby branch location or contact their banker who can assist them with quick access to cash through its loan assistance program. The bank also will be working with existing loan customers needing forbearance and/or extensions on their loans.