How we could help
The exact support we can offer you will depend on your personal circumstance. This could look like:
-
Reducing your repayments to the minimum regular amount
-
Restructuring your loan
-
Extending your loan term
-
Temporary interest-only repayments
Restructure and reduce your repayments
If your circumstances have changed and you can't manage your regular repayments, we might be able to restructure your home loan and lower your minimum repayments, if your repayments are set higher than the minimum required currently.
You may be able to extend your home loan term, which will reduce your regular home loan repayments. You'll end up paying your home loan over a longer term which will increase your overall cost of borrowing, however, you'll still be paying off principal on your loan.
Temporary interest-only repayments
During this time, your home loan balance will remain the same as you'll just be paying the interest on your home loan. Although your short-term financial obligations reduce, the lifetime cost of borrowing will increase as a result of you delaying the repayment of your principal.
At the end of your interest-only period, your home loan repayments are increased so that you still repay your home loan over the original term, or a term extension is arranged to keep your repayments the same as what they were prior to the interest-only term.
Get in touch
We have home loan tools and teams to help you if you're having trouble making your repayments. Please don't be afraid to talk to us - the sooner you do, the sooner we can work out what we can do to help.
Repayments & structuring calculator
Use our repayments & structuring calculator to compare different term loan structures, interest rates and repayment amounts.
Calculate nowCall us
Give our home loans team a call between Monday - Friday, 8am - 6pm.
Phone 0800 000 654 or +64 4 803 1649 if you're overseas.
Financial hardship
If you’re in financial difficulty, we're here to help. See our financial hardship page for more information.
Find out more