Find herewith the MCB Bonaire Loan & Mortgage Moratorium Extension - Questions and Answers to assist you with possible questions you may have in connection with the extension of the loan moratorium for an additional 3 months (June, July and August 2020).
KEY HIGHLIGHTS OF THIS FAQ
- Personal and Commercial Clients are eligible for a Loan and Mortgage moratorium for the months of June, July and August 2020 (3 months of payments).
- Credit Card Clients - The moratorium is also applicable for credit cards, but as the calculation is different for credit cards, please refer to the attached separate credit card moratorium information.
- Deadline (last day) for ALL clients (personal to Opt-in and commercial to Opt-out) is Friday, June 12th, 2020.
WHY IS THIS IMPORTANT?
At MCB Bonaire, we are committed to work with all clients to make sure that they find solutions that will help address financial hardships caused by COVID-19. We have therefore extended the financial relief options for our personal and commercial clients.
For Personal Clients: To be ELIGIBLE, clients MUST OPT-IN and must complete the form on our website. The request will be evaluated as per the stipulated Lending Guidelines of the Bank and clients will be duly informed of the decision latest end of June 2020
For Commercial Clients: They are AUTOMATICALLY enrolled in the Loan moratorium. Should they wish to OPT-OUT they will need to send an e-mail to: email@example.com.