As the challenges of the Coronavirus (COVID-19) continue, we’re focussed on supporting you with your banking needs.
During the repayment pause or deferral period, your interest will continue to be charged and will be added to the principal component of your loan. Part way through the pause period, we will contact you to review your situation. Once the pause or deferral period is complete, your loan repayments will be recalculated based on the new, higher, loan balance and you will be notified of your new higher minimum repayment amount. The maturity date of your loan will remain unchanged.