Bank of Hawaii is now offering small online emergency loans to consumers facing financial hardship due to the COVID-19 situation.
As a form of financial assistance to help individuals and families meet basic emergency living needs, Bank of Hawaii announced in a press release that it is providing emergency personal loans to the community. specials of a small amount, which include:
Â· Loan amount up to $ 3,000;
Â· Loan term of 40 months;
Â· No payment for the first four months;
Â· Low fixed interest rate of 3%; and
Â· Loan fees waived.
âSo many people in our community are already experiencing income shortages, and Bank of Hawaii wanted to make obtaining a personal loan simple and easy for those already hard hit,â said Peter Ho, President and CEO and president of Bank of Hawaii. âWe hope that these small loans will help provide a secure and affordable alternative to get through this difficult time. “
Applicants from Guam can apply for the program online at: https://www.boh.com/covidassist. Guam branches will not accept walk-in requests as the bank continues to practice social distancing for the safety of the entire community.
In Saipan and Palau, applications can be submitted to a BOH agency.