There are times when it can be helpful to have a break from your home loan payments for a little while - for example, when you’ve just welcomed a new baby into your family, or if you are temporarily out of work. That’s why at ANZ you can apply to:
- get an ANZ Home Loan Repayment Holiday, or
- reduce your repayments for a while.
How does a home loan repayment holiday work?
If you have an ANZ fixed or floating mortgage, 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 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.
Having trouble meeting your repayments?
Most of us experience times when we could use some help with our finances. 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.
We’re here to help and you can call us in complete confidence on 0800 ANZ Home (0800 269 4663).
More information
For more information or to apply for an ANZ Home Loan:
Contact an ANZ Mobile Mortgage Manager
Call 0800 ANZ HOME (0800 269 4663)
Visit your nearest ANZ branch
For the ANZ First Home package, you need an ANZ everyday account with your salary, wages or business income direct credited and an ANZ Serious Saver account. ANZ lending criteria, terms and conditions and fees apply to all loans.
A copy of the Reserve Bank Disclosure Statement published by ANZ Bank New Zealand Limited may be obtained on request from any ANZ branch.
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 wish to consult one of ANZ's financial advisers, please contact us on 0800 269 296.
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