Loan repayment break examples
When requesting a further repayment break for your loan, it's important that you understand the impact on your overall balance and your monthly payments.
The below table shows how a payment break of 6 months might change the cost of a loan based on a range of interest rates and the potential impact on the loan term.
- These are illustrative examples only, based on a sample of interest rates and remaining terms.
- The examples show the number of additional repayments required to repay your missed payments plus the additional interest. They assume that monthly payments continue as normal after a repayment break.