If you have a Macquarie car loan or equipment loan and you’re experiencing financial difficulty you can immediately defer your loan repayments for six months by applying for a payment pause.
During the payment pause period, you will not need to make any repayments on your car or equipment loan. Depending on your loan type, interest may be capitalised during the payment pause period. This means the interest you would have paid during the payment pause will continue to accrue and will be added to your loan balance. At the end of your payment pause, your loan term will be extended to cover the missed payments, and this accrued interest. Please refer to the FAQ “Will interest be charged during the payment pause?” to understand how your loan will be impacted.