BSB 806 015

To give you the best possible experience, this site uses cookies. Learn more about cookies.

×
BSB 806 015

Apply for Home Loan Relief

If you have been affected by the current COVID-19 situation, and you are unable to repay your home loan as a result, we are here to help. In addition to our established financial hardship processes we will be offering the following repayment relief options to our members:

Home loan repayment pause:

  • All eligible members can apply for a repayment pause on their home loan for up to 6 months (subject to a review at 3 months). This applies to both owner-occupied and investment loans for principal & interest or interest-only repayment terms;
  • Interest will be capitalised during your COVID–19 repayment pause, which means that interest will continue to be charged to your loan and will required to be repaid once the loan pause finishes;
  • After the repayment pause, your minimum monthly repayments will be recalculated. The new repayment will be higher than your current repayments in order to repay the loan within the original repayment term. As an example, on a loan of $300,000 on a 25 year term with repayments paused for 6 months, the increase would be approximately $43 per month. This increase is based on an assumption that interest rates remain unchanged, and will vary depending on the loan term remaining;

Interest-only repaymant switch:

  • All eligible members can apply to switch their principal and interest home loan to an interest-only home loan for up to 6 months (subject to a review at 3 months).
  • Interest will continue to be calculated on the balance outstanding of your loan and charged to the account on the first day of every month. You will need to repay the interest charged in full no later than the day it is charged;
  • After the interest-only period, your minimum monthly repayments will be recalculated. The new repayment will be higher than your current repayments in order to repay the loan within the original repayment term.

Please complete the form below if your require repayment assistance with your home loan or investment loan.


* Required information

Personal details

Details for assistance

We'd like to use your current location

For a more localised experience please enter your location below...

×

Set your location for a more localised experience.

×