Photo / FileMore than two-thirds of mortgage and personal loans that had principal and interest repayments deferred due to the impact of Covid-19 were now "back to normal", says the New Zealand Bankers' Association. At the same time, nearly 40 per cent of those loans that had reduced repayments were now back on track. "Nearly 70 per cent of deferred consumer and business loans are back to full repayments. As of 31 October:• 69 per cent of consumer loans (including home loans) that had deferred all repayments were back to full repayments. • 37 per cent of consumer loans that had reduced repayments were back to full repayments.

Source: New Zealand Herald November 30, 2020 00:11 UTC