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AAP

2013-01-30

Households and businesses affected by flooding and storms in NSW and Queensland can seek emergency relief packages through their banks.

The Australian Bankers' Association (ABA) on Wednesday said individual banks had announced a range of assistance measures in the aftermath of ex-tropical cyclone Oswald.

These include suspending home loan repayments, emergency credit limit increases, waiving loan application fees and payment holidays on personal loans or credit cards.

"The banks' emergency packages provide practical help by giving immediate financial relief to those in most need of assistance," ABA chief executive Steven Munchenberg said in a statement.

"If someone's home, income or business has been affected by the floods or storms, they should contact their bank as soon as they are able to."

The Commonwealth Bank and ANZ are among banks which have already announced $500,000 packages each to support relief efforts for impacted communities across the two states.