Government of the Cook Islands Interest Relief Program Subsidy Payments
Kia Orana Customer,
BCI advises that the Ministry of Finance and Economic management, as part of the COVID – 19 Economic Recovery Plan (Phase 11) from the Government of the Cook Islands, has completed the Interest Relief Subsidy Payments for the quarter ending 31st December 2020. This is the second of four planned Interest Subsidy paid quarterly to Eligible Loans as defined in Governments COVID -19 Interest Relief Program.
The deposit to Eligible Loans will show as “M.F.E.M December Quarter IRP.” These payments will reduce the balance of your loan and will not be available for redraw from your loan account.
BCI encourages you to continue with regular repayments to your loan. Also please contact our loans team if you need to discuss your options, or wish to know more about the subsidy payments and how this might impact your loan with BCI.
Vaine Nooana – Arioka