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FINANCIAL DIFFICULTY SUPPORT

Contact us early if your circumstances change

Unexpected illness, loss of income, family changes, disasters, or business disruption can affect a customer’s ability to meet financial commitments. If you are experiencing difficulty, early contact gives us the best opportunity to understand the situation and discuss available options.

AT A GLANCE

What you can expect

  • Confidential discussion of your circumstances
  • Review of income, expenses, and commitments
  • Potential short-term or structural options
  • Regular review where support is agreed
HOW WE CAN HELP

Practical support, clearly explained

Every request is considered on its individual circumstances, applicable criteria, and the information available at the time of assessment.

01

Talk Early

Do not wait until missed payments accumulate. Contacting the bank early can make it easier to assess realistic options.

02

Provide a Clear Picture

Up-to-date income, expenses, debts, and the nature of the hardship help support an informed assessment.

03

Understand the Impact

Any repayment change, deferral, restructure, or temporary arrangement can affect total interest, loan term, arrears, or future obligations.

PROCESS

What happens next

  1. 1

    Contact us and explain what changed and when.

  2. 2

    Provide current financial information and any relevant supporting evidence.

  3. 3

    Review proposed assistance carefully, including its cost and long-term effect.

  4. 4

    Keep in contact and advise us if your circumstances change again.

BE PREPARED

Information commonly requested

  • Current income and essential expenses
  • Existing debts and payment obligations
  • Details of the hardship event
  • Any relevant supporting documents

Exact requirements vary by product, customer type, jurisdiction, purpose, and assessment. Additional information may be requested.

COMMON QUESTIONS

Helpful answers before you start

For product-specific pricing, eligibility, contractual terms, or a decision on an application, contact us directly.

Should I contact the bank before I miss a payment?

Yes. Early contact is generally preferable because more options may be available before arrears increase.

Will hardship assistance erase my debt?

Hardship support does not automatically remove an obligation. Any agreed arrangement should be understood in full, including future repayments and costs.

What if my situation is temporary?

Short-term difficulty can still be discussed. The appropriate response depends on your circumstances, product terms, and assessment.

VIRENT GLOBAL BANK

Experiencing financial difficulty? Contact us early.

Speak with our team for guidance based on your circumstances.

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