Disaster Relief Loan Program

OHA’s Native Hawaiian Revolving Loan Fund (NHRLF) Board of Directors approved a new disaster relief loan. Native Hawaiians experiencing a loss as a result of the disasters are now eligible for loans of up to $20,000 at four percent interest with up to six months of deferred payments. Loans may be used for home improvement, vehicle repair or replacement, or business stabilization.

Existing Loan Borrowers:

OHA Native Hawaiian Revolving Loan Fund Disaster Relief Loan Program

Existing loan borrowers who are affected by a natural disaster are eligible for the following:

  • Deferral of their current loan payments of at least three months, possibly up to six months depending upon their current situation, circumstances and loss.
  • Rate on loan will stay the same
  • Maturity date will be extended to accommodate the deferral period
  • Loss must be verified, and a direct effect to their living environment/situation, or job/business affected by the disaster

Disaster Relief Loan:

Native Hawaiians who are affected by a natural disaster are eligible to apply for the Disaster Relief Loan:

  • Loan amount of up to $20,000
  • Loan rate of four percent
  • Loan term of up to seven years
  • Borrower still needs to qualify for the loan based on the Operational Guidelines
  • We will defer the first three months of payments and possibly up to six months depending upon the situation, circumstances and loss. The loss would have to impact their living environment/situation, and/or job/business affected by the disaster.
  • Loss must be verified. (Examples of verification would be documentation, pictures, etc.).

For information about Disaster Relief Loans, email [email protected]  or call 594-1835.

In addition, OHA administers a separate Consumer Micro Loan Program that provides low-cost loans to Native Hawaiians experiencing temporary financial hardship due to unforeseen events. Loans of up to $7,500 with a five percent interest rate can be used for unexpected home or auto repair and emergency health situations.

To learn more about the Consumer Micro Loan Program, contact Lareina Meinecke at [email protected] or call (808) 594-1823.