Banks will defer loan repayments for small businesses affected by coronavirus for six months but not home borrowers. Scroll down for videoBanks will defer loan repayments for small businesses affected by coronavirus for six months but not home borrowers. National Australia Bank is also cutting the lending rate on its QuickBiz loan by 200 basis points from March 30. It will, however, cut its rate on small business loans by 100 basis points or a full percentage point. It will provide a big boost to the confidence of small businesses at this difficult time,' he said.

Source: Daily Mail March 20, 2020 00:08 UTC