COVID-19 support page
If you’re experiencing hardship or reduction/loss of income, Tong Partners is here to help you manage the effects of COVID-19. We will assist you and ensure you stay on top of your financial wellbeing.
The financial wellbeing of our customers is our top priority. We understand the changing situation surrounding coronavirus and we can assist you during these uncertain times. Whether you are preparing for future changes or are having difficulty with financial responsibilities today, Tong Partners is ready to help.
Home and Investment Loan support
Your TP broker can help you with reviewing your home loan needs and the next steps for your circumstances. For example, adjusting your repayments to the minimum contractual amount, finding available redraw facilities to make repayments in coming months, or deciding if swapping to a fixed rate is best for you to provide long-term assurance and consistency in repayments.
Business Loan support
We’re here to help you get through the ups and downs of business. This will help get you back on track to recover and rebuild.
All impacted customers can request a six month payment deferred on loan repayments for term loans, with interest capitalised.
Commercial Vehicle & Equipment Finance
This helps small and medium businesses take advantage of the increase instant write-off and accelerated depreciation provide in the Federal Government Stimulus package.
Government Guarantee Loan (Unsecured Lending):
- Maximum amount is up to $250,000 including interest capitalisation.
- Loans used to support current and upcoming business cash flow needs only, including working capital, liquidity and operating expenditure.
- Term is 3 years. First 6 months repayment deferred and interest capitalisation.
- No Establishment or account fees. Other Fees may apply. *Approved Applicants Only.
Government Resources For Business Owners
A range of government resources are available to assist businesses impacted by COVID-19. We’re included some key links below so you can easily access these resources.
For details of Australian Government’s Support for business. Visit Treasury website https://treasury.gov.
For details of support offered in your state or territory, visit the relevant link on https://www.business.gov.
It is now more important than ever to have the best assistance. Get in touch with us today so we can help you stay on top of your financial wellbeing.