You can apply to defer your home loan repayments if you are experiencing financial stress.*
If you’re ahead on your repayments, consider redrawing those extra repayments fee-free to support you during this time.
Other ways we can assist:
- Reducing your home loan repayments to the minimum amount
- Switching to Interest Only repayments for up to 12 months**
*Please note that if you defer your home loan payments interest will continue to be added to your loan balance and your loan balance will progressively increase. You can still access and redraw any additional funds or additional payments you’ve made while your repayments are on pause, however you should be aware that all else being equal, the total amount of interest you will pay for the life of the loan, will increase slightly overall.
If you are considering a repayment deferral and would like to discuss your options, please contact 1800 110 440 and select option 2 for the Financial Assistance Team.
**An increase of interest rate may apply as the rates for Interest only loans could be higher than Principal and Interest Rates. Our current interest rates for Interest Only products are available on our website.