Hundreds of Navy members will enjoy a happier Stand Down period after being granted loans to help them with some of the extra costs of the holiday season.
Every year the Royal Australian Navy Relief Trust Fund (RANRTF) spreads Christmas cheer among Navy families, allowing eligible service personnel to take out an interest-free loan of up to $1500.
Loans can be used for a variety of items during the Christmas period to ease the stress of what is already a busy time of year.
This year, in excess of 400 loans have been approved, ranging from as little as a few hundred dollars to $1500.
“Christmas loans are another small, but practical, way to support Navy people,” RANRTF Chairman, Commodore Shane Glassock said.
Commodore Glassock also noted that the interest free loans were practically funded through the generous support of Navy Canteens.
The loans will be formally paid into members’ accounts in early December, and won’t need to be repaid until 6 February 2020.
The RANRTF was established in 1913, with the objective of providing welfare assistance to current and ex-serving members of the Royal Australian Navy and their families.
Today, the Trustees of the RANRTF, who are all volunteers, are focused on assisting members of the Navy and their families, past and present, through the provision of interest free loans and grants.
To find out more or make a donation go to http://www.keepingwatch.org.au.