Name of the fund
ABSA - COVID-19 Payment Relief Plan
Fund administered by
Type of relief/support
A payment relief plan to help customers who are financially impacted by COVID-19
Total size of the fund
Who does the fund target?
Individuals and businesses
Minimum amount you can apply for
Maximum amount you can apply for
Corporate and business customers will receive tailored solutions specific to their individual circumstances. These solutions will apply to credit products including:
- Mortgage-backed business loans
- Commercial asset finance products
The ABSA Relief plan does not carry any extra fees or costs.
FUNDING CRITERIA FOR ABSA - COVID-19 PAYMENT RELIEF PLAN:
- Your business will need to have one or more Absa commercial credit products including commercial asset finance, commercial property finance, and mortgage-backed business loans.
- If your application is successful you will receive a new repayment schedule or loan term.
- Businesses may also receive specific assistance dependant on their circumstances.
HOW TO APPLY FOR ABSA - COVID-19 PAYMENT RELIEF PLAN:
In order to initiate an application, please contact the relevant email address below depending on whether you are a Business Banking or an SME client of ABSA: