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What happens if I defer my loan repayments?

Based on your circumstances, you can defer your loan repayments for an agreed time. If you choose to do this, interest and fees will still be added to your loan balance during that time.

Once the deferred period finishes, we’ll work with you on a plan to repay the amount you’ve deferred. This might involve increasing your minimum repayments for the deferred period, or extending the term of your loan.

As always, we’re here to help discuss your options and how they’ll affect you.
At the end of your loan deferral period the following options are available:

  • You can repay any outstanding repayment amount, if any
  • You can make a repayment plan to pay any outstanding arrears over an agreed period of time
  • We may consider a further deferral period, if we can establish reasonable grounds that you will be able to resume repayments within the further deferral period. (Interest will continue to be charged)
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Before taking up any of Delphi Bank's products or services you should consider if they are appropriate for you. Delphi Bank recommends that you read the respective Terms and Conditions and other Disclosure Documents before deciding to acquire or use any of the Bank's products or services. These documents can be obtained at any of our branches or on this website.
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