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What is Repayment Pause and is it available on my loan?

April 26, 2017loan pause repayment

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What is Repayment Pause and is it available on my loan?

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Posted

We may be able help you manage your finances by allowing you to reduce the amount of repayments to your home loan for a specified period. If you have an eligible home loan and you have a legitimate period of leave from the workforce, you can request to stop your repayments altogether, or reduce your monthly repayment to an amount agreed between you and the Bank for 3-12 months. Not all loan types are eligible, so please check your Terms and Conditions booklet. Learn more about Repayment Pause. Conditions apply.