You need to extend your Loan Payment Break
If your income is still impacted temporarily by COVID-19 and you still expect to go back to your employer, complete our online application then we will do the rest. Your Loan Payment Break will be extended for another three months.
Why does a Payment Break cost me more in the long run?
This is also known as the ‘cost of credit’. It costs you more in the long run because interest continues to be charged on the total balance owing. The total balance you owe will not reduce as quickly as it would if you didn’t take a Payment Break.
If you provide your email address within the online application, we may use this to contact you in future in relation to your payment break.
If you haven't received a letter from us about the expiry of your Payment Break you won't need to take any action at this time. Please do not go any further with this application unless you have received a letter.
If you don't understand any of the information in your pre-expiry letter, please request a call back.