You’ll know your payment pause request has been processed as we’ll be in touch with you every step of the way. We’ll contact you to confirm your payment pause has been approved and then regularly throughout your payment pause period. 

No, you aren’t required to make any repayments during the six-month deferral period, but you are welcome to do so. Any payments you make can help to reduce the amount that you have to pay when your payment pause ends.

Yes. You can still make payments however you’ll need to make them manually by electronic funds transfer or by direct debit payments which can be set up by calling us on 1800 007 722 (+61 2 8245 4383), 8am to 7pm (AEST/ADST) Monday to Friday.

Yes, you can cancel at any time. You can do so by responding via the payment pause check-in email we’ve sent to all clients on a payment pause, or by calling us.

If you’re currently on a payment pause, we’ll be checking in with you to ensure you have all the information you need regarding your payment pause, and to get a better understanding of your ongoing circumstances.

Your payment pause cancellation will take up to 30 days to process. We will let you know once this has been completed and send you confirmation of what this means for your loan. 

Yes. We’ll be checking in with you regularly to ensure you have all the information you need regarding your payment pause, and to get a better understanding of your ongoing circumstances. We will let you know when your payments are due to recommence and the impacts to your loan repayments as a result of your payment pause.

Your minimum monthly payments may increase following the end of the payment pause. We’ll let you know of any changes to your repayments. There is an example of the way that payment pause may impact your home loan and you can view this here.

We’ll email you to let you know when your repayments will recommence and when any increased repayment amount will start. You may be required to make your standard repayments between the time you are first due to recommence payments up until the date your increased repayment is effective.

If we were direct debiting your repayments before the payment pause, we will reactivate this direct debit and adjust for any new repayment amounts and there will be no action required by you. In preparation to resume your repayments by the relevant payment date, you should ensure there are sufficient funds in your bank account. If you were making your repayments by funds transfer, you will need to take action to make the necessary changes to your repayment amounts to meet the new requirements.

If you require further assistance once the six-month period is over, please contact us so we can discuss your ongoing situation.

There are limited circumstances in which we will offer an extension on the initial payment pause period and we will only be able to make that decision once your financial circumstances have been assessed.

If you are seeking an extension you will need to provide us with detailed information to support this assessment, which depending on your circumstances may include:
 

1. a comprehensive overview of your financial position and that of your household, including your income, expenses, assets and liabilities
2. demonstrating that you cannot make repayments in the short term
3. showing confidence in resuming repayments at the end of the extension period.

Please contact us one month before the end of your payment pause to discuss whether you are eligible for a payment pause extension.

To help you save time and prepare for this discussion, please complete the Extended Support Request form and email it to financialassistance@macquarie.com. Our financial assistance team can then discuss your specific circumstances and take you through the options we have available to you.