Can I apply for a mortgage holiday?

Last Updated: 14 Nov 2016

You may have the option of stopping your home loan repayments for up to 3 months. This might be a good option if you’re planning a family or going on an extended overseas holiday and want to put your repayments on hold. Provision of loan holidays is subject to meeting specific lending criteria and terms and conditions.

A loan holiday only stops the repayments.  The interest on your outstanding loan balance still accrues during that time. Consider this option carefully as the amount of interest accrued will increase your loan balance and your repayments.

There must also be a minimum of 12 months between the expiry of a loan holiday and the beginning of another.

We recognise that life is always changing, but ASB is here to help you through unexpected challenges.  Find out more about ASB’s commitment to customers in financial difficulty.

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