A payment moratorium or payment holiday is a short-term pause placed on your loan repayments that can be helpful in times of unexpected change. Please call us on 13 11 33 or email us at email@example.com to discuss if a payment moratorium is a suitable option for you.
If we are able to provide a payment moratorium or payment holiday you will not be required to make any repayments during the agreed time period. However, interest and fees will continue to accrue on your loan. This means at the end of the payment moratorium or payment holiday, your loan balance will be higher, and your minimum repayments will increase so that your loan can still be paid within your loan term. This is why we take the time to explore this option with you with careful consideration.