We still do not have detail on this but Grant Robertson announced that commercial bank loans up to $500,000 would be available to businesses that turn over between $250,000 and $80 million. If you are in that range and need money to get through Covid 19, the government will under-write the loan which will be repayable over 3 years on normal commercial terms. Additionally, a mortgage holiday of up to six months may be available to individuals so they can have security around their home. The mortgage deferral scheme is now open. If you wish to defer your mortgage, contact your bank now.