What is a payment break?

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A payment break enables you to delay loan repayments for the first two months of your loan, meaning you won’t make a payment until the 3rd month. This is only available to eligible customers and can only be taken at the start of the loan.

Your loan offer letter will tell you if you have been approved for a payment break, and when your payments will start.

Please Note: A payment break is subject to lending criteria and may not be offered to all customers. Interest continues to accrue during the payment break. Your overall loan period will be extended by two months which means that you will pay an extra two months interest.
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