We understand that unforeseen circumstances can occur after you have taken out a loan that may result in difficulty with your repayments.
EVENTS COVERED UNDER THE REPAYMENT WAIVER:
- Total Disablement – An accident causing total physical disablement for not less than 7 consecutive days.
- Serious Illness – Any illness which shall independently of any other cause be the sole and direct cause of total disablement which prevents you from engaging in your usual business or occupation for a period of not less than 7 consecutive days.
- Redundancy – Officially notified redundancy from full time employment provided that you have been in permanent employment for at least 3 consecutive months prior to the notified redundancy.
- Death – your death.
If you have taken the optional Repayment Waiver and believe you have a valid claim, you can request a Repayment Waiver application form and instruction guide on this page. If you are unsure whether you have selected the Repayment Waiver please refer back to your contract.
Repayment Waiver application form and guide request: