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Bank of Hawai'i announced financial assistance programs Wednesday to help Maui residents affected by the recent wildfires.
The programs allow financial relief on an existing Bank of Hawai'i loan through an extension or forbearance for Maui residents.
The Forbearance Program provides loan forbearance for up to six months for residential mortgages, home equity loans and home equity lines. Following the end of the forbearance period, the bank will work with customers to resolve any unpaid payments. Fees accrued during the forbearance period are waived. Loans must be less than 30 days past due prior to the wildfires.
The Extension Program provides a loan extension for up to three 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. Full payments are due on the first due date following the end of the term of the extension. Loans must be less than 30 days past due prior to the wildfires.
For payment relief on an existing Bank of Hawai'i loan or line, call (800) 888-9275 or (808) 694-1500. For real estate loans, call (877) 926-7297 or (808) 694-7297.