Apply for Repayment Pause during leave from the workforce
If you have an eligible home loan and are facing a legitimate period of leave from the workforce, you can apply for a Repayment Pause. For example, you may want a Repayment Pause during maternity leave or for travel. It’s also possible to apply for a Repayment Pause if you’re ahead of your home loan repayment schedule.
You can choose to pause your home loan repayments entirely, or just reduce them.
There are 2 types of Repayment Pause available:
- Repayments fully paused
- Repayments reduced to a requested amount.
You will need to have had your home loan for 12 months to be eligible for a Repayment Pause.
All Repayment Pause requests are subject to Bank approval. Normally the timeframe for a Repayment Pause is for 3-12 months. Not all loan types are eligible, so please check your Terms and Conditions booklet or call us on 1300 304 660.
