Taking a repayment holiday

There are times when it can be helpful to have a break from your home loan payments for a little while. That’s why at ANZ you can apply to:

  • get an ANZ Home Loan Repayment Holiday, or
  • reduce your repayments for a while.

Home loan repayment holidays

If you have an ANZ Fixed or Floating Home Loan, you can apply for an ANZ Home Loan Repayment Holiday of up to three months. During your mortgage repayment holiday, you won't have to make your regular repayments, although interest on the amount of principal outstanding will still accumulate.

Once your mortgage repayment holiday is over, you can choose to increase your repayments or extend the loan term to cover the extra interest and the payments that have been put on hold.

You can apply for an ANZ Home Loan Repayment Holiday once every two years. Your application will be reviewed and approved at ANZ’s discretion.

Reducing your payments

If you need to reduce your payments for a while, come and talk to us. We may be able to help you restructure your home loan to allow you to make smaller regular payments, by increasing the term of your loan. And when you’re able to, you can increase your payments again at any time.

We're here to help

We understand that unexpected things can happen to anyone, at any time. At ANZ we have a dedicated support team who can assist. Whether you need to take a mortgage repayment holiday or just want to talk to someone about how you can best manage your situation, you can call us in complete confidence on 0800 269 4663.

Lending criteria, terms, conditions and fees apply.

This material is for information purposes only. Its content is intended to be of a general nature, does not take into account your financial situation or goals, and is not a personalised financial adviser service under the Financial Advisers Act 2008. It is recommended you seek advice from a financial adviser which takes into account your individual circumstances before you acquire a financial product. If you would like to speak to an ANZ Authorised Financial Adviser, please call 0800 269 296.

You need Adobe Reader to view PDF files. You can download Adobe Reader free of charge.