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IN RESPONSE TO COVID-19
BOH offers online small-dollar emergency loans
Loans up to $3,000; low rate, no fee
The Bank of Hawaii branch at Spring Plaza in Gualo Rai, Saipan.(Krizel Tuazon)
HONOLULU, Hawaii—Bank of Hawaii is now offering online small-dollar emergency loans to consumers facing financial hardship as a result of the COVID-19 situation.
As a form of financial relief to help individuals and families cover emergency living essentials, Bank of Hawaii is offering the community a special small-dollar emergency personal loan, which include:
• Loan amounts up to $3,000
• Loan term of 40 months
• No payments for the first four months
• Low fixed interest rate of 3.0%
• Loan fee is waived
“So many people in our community are already experiencing income shortfalls, and Bank of Hawaii wanted to make acquiring a personal loan simple and easy for those already drastically affected,” said Peter Ho, chairman, CEO, and president of Bank of Hawaii. “We hope these small-dollar loans will help provide a safe and affordable alternative to get through this difficult period.”
For ease and convenience, Bank of Hawaii is accepting applications for its online small-dollar emergency loan program at: https://www.boh.com/covidassist. With the exception of applicants in Saipan and Palau, please do not drop off applications at a BOH branch, as the bank continues to practice social distancing for the safety of the entire community. (PR)
