We understand you may need a break when you have a baby, giving you a chance to focus on the mystery that is parenting during what can be a financially stressful time. If you’re eligible, our flexible home loans can allow you to pause of your repayments for an agreed period of time while on parental leave.
If a short term break from your home loan repayments would assist to make life that little bit easier speak to us and we will take a look at your situation and workout whether a repayment pause is suitable for you.
The option to seek a pause to your repayments is only the start of our flexibility find out more about our competitive home loans.Compare home loans
The repayment pause is designed to help you in the short term, which means there are some things you will need to know:
If you’d like to take advantage of a repayment pause, you’ll need to meet the eligibility criteria, and we will need to assess your application to pause your repayments. Eligibility criteria:
The usual repayment pause period is 3 months (90 days). This can be reassessed. The period must not exceed 12 months (365 days).
Parental leave is just one of the reasons that a repayment pause may be of assistance to you. We realise life can be unpredictable at times so it’s nice to know you have a home loan that you can seek to adapt to your life in times of financial challenge. There are a number of other life events that a repayment pause might be suitable for such as a redundancy, illness or even a marriage or relationship breakdown. Speak to us today or find out more about whether you might qualify for a home loan repayment pause.
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