Under the standard guidelines we have 21 days to provide you with a response, however we recognise this is a very stressful and uncertain time and as such we will endeavour to provide a response within 48 hours.
No, Australian Unity will not record financial assistance provided under the COVID-19 financial assistance program with a credit reporting agency nor will it adversely impact your standing with the Bank.
Due to the deferral and/or capitalisation of interest, it should be noted that there will be additional interest charged over the life of the loan. In addition, a temporary limit increase on credit cards may incur interest if it is not repaid within the usual time limits provided for under the standard terms and conditions. Customers should consider the impact of this and where appropriate seek independent financial advice before proceeding with any changes to their loan.
You should note that where the deferred repayments are going to be made up over the remaining term of the loan this will minimise the financial impact and not extend the original contracted term. We recommend that you speak to your independent financial advisor for guidance.
As mentioned we strongly recommend that you keep in regular contact with us during the term of the assistance and if your circumstances have not changed we also recommend that you speak to your independent financial advisor for guidance – we will work with you to review what further options may be available to assist you.
Be aware and alert of scams involving coronavirus. Visit the Stay Smart Online website for information about Coronavirus scams and how to stay safe. If you think you've been scammed, call us on 1300 790 740 (Monday to Friday 8.30am to 5.30pm AEST, AEDT).
For more government information about COVID-19 please visit:
The purpose of this calculator is to provide an estimate into the future of the total cost of education per student. It provides a result that is based upon current assumptions, such as the cost of private and public school education (which is derived from statistical data of costs paid through the Education Savings Fund operated by Lifeplan Friendly Society Limited). It assumes an annual increase of cost at the rate of 5.3%pa which is based on ABS data and using a historical period of 16 years. The information provided by this calculator is general in nature and is not intended as financial, personal or taxation advice. Neither the calculator, nor the results take into account any individual circumstances, financial situation or needs. You should consider obtaining professional advice before making any decision after using this calculator.
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If you have any questions please feel free to give us a call on
1300 617 670.