Skip to main content Skip to main navigation Skip to accessibility page Skip to search input

 

Defer your business loan payments

St.George has introduced a number of measures to help our business customers manage the impacts of COVID-19. If you wish to defer payments on your business loan/s, including equipment finance loans, please complete and submit this request form.

Has your business been directly impacted by COVID-19?

Do you want your business loan payments deferred for 6 months?

Do you understand that interest deferred will be capitalised and this will extend the term of your loan for 6 months?

Are you authorised to answer and have you advised all parties (including guarantors) of this change?

Unfortunately we are not able to proceed because you haven’t met the eligibility criteria for the business payment deferral support package.

If you answered 'Yes' to these questions and you satisfy the following eligibility criteria, payments to your loan accounts will be deferred for 6 months from the date this application is made:

  • The deferred payment period applies to small business connections with total business lending balance(s) of less than $3 million calculated on whichever is the higher of the balance at close of business on 29 February 2020 or at the time of application.
  • The deferred payment period applies to eligible small business customers with Business Loans (excluding credit cards, overdrafts, cashflow/invoice/trade finance, commercial bills), Business Auto Finance and Equipment Finance (Lease, Hire Purchase and Goods Mortgage).
  • Your facilities are current and have not been in arrears or hardship since 1 January 2020 (facilities in arrears prior to 1 January 2020, where the arrears has been cured, are also eligible).

 

Business customers who seek assistance in relation to their retail credit accounts (e.g. home loan), please go here.

DD/MM/YYYY

 

We will use the Customer Access Number/Card number/User ID and Account number for verification purposes only.

The payment deferral will be applied to all eligible Business Loan Products.

 

Enter your 8 digit Customer Access Number/user ID or 16 digit Card number. For Equipment Finance customers please use your account number.

 

Please enter one Business Loan Product you require help with. We will use this for verification purposes only.

The payment deferral will be applied to all eligible Business Loan Products.

 

Please confirm that you have read, understood and agree with the following:

  • The payment deferral will be applied to all of your eligible Business Loan Products with St.George. This includes all eligible Business Lending Products for you and any small Businesses linked to your customer profile (for example where you might be a director of an entity or partner of a partnership being the eligible small business).
  • Please note that the interest deferred will be capitalised and your loan term will be extended at the same fixed rate by at least 6 months. Any current fixed rate period will also be extended by 6 months.
  • Once your deferred payment application has been processed, you will receive a confirmation email. If there is part of the email you do not understand or do not believe you agreed to, please contact us as soon as you can. This arrangement is an exception to the usual terms and conditions that apply to your facility. If you have an event of default (for example, you become insolvent) the events of default conditions of your contract continue to apply. Where we initiate Direct Debit payment to the account, we will attempt to cancel these. Please advise us as soon as possible if payments continue to occur, so that we can rectify this promptly. Please note, if we do a Direct Debit after you have opted-in to the offer, we will refund it. Where payments are initiated by other institutions (eg. by direct credit from another financial institution or by direct credit from an employer), you need to cancel these to stop further repayments being made. We will endeavour to return these funds, if this isn’t possible we will apply to your loan balance.
  • If you nominate a facility for the deferred interest period and you meet our eligibility criteria and the facility is subject to a fixed-rate period, the fixed-rate period will be extended by the deferred payment period. If you terminate your facility during the deferred payment period, termination fees, break fees, and applicable loan charges will become payable.

Thank you for your application.

We are committed to supporting your business as the COVID-19 situation evolves, and we’re here to help you and your business through this challenging time. 

What happens next?

We’ve received a high volume of applications and appreciate your patience. We are reviewing your application as quickly as possible and will confirm whether your application has been accepted. 


Error

Error submitting form. Please try again later.


Important information

Support for St.George small business customers impacted by coronavirus

To assist small businesses during this difficult period, effective 23 March 2020, St.George is offering a 6 month deferred repayment period for eligible small business customer commencing from when you submit this application. This deferment period applies to Business Loans.

  • The deferred payment period applies to small business connections with total business lending balance(s) of less than $3 million calculated on whichever is the higher of the balance at close of business on 29 February 2020 or at the time of application.
  • Current facilities include those that have been in arrears or hardship since 1 January 2020 (facilities in arrears prior to 1 January 2020 where the arrears have been cured are also eligible).

The deferred payment period applies to eligible small business customers with business loans (excluding credit cards, overdrafts, cashflow/invoice/trade finance and commercial bills), Business Auto Finance and Equipment Finance (Lease, Hire Purchase and Goods Mortgage).

Please note that:

  • interest deferred will be capitalised and fees will continue to be debited to the account;
  • any current fixed rate period will also be extended by 6 months at that fixed term rate; and
  • your loan term will be extended by at least 6 months.

Where we initiate Direct Debit payment to the account, we will attempt to cancel these, please advise us as soon as possible if payments continue to occur, so that we can rectify this promptly. Please note, if we do a Direct Debit after you have opted-in to the offer, we will refund it.  Where payments are initiated by other institutions (for example, by direct credit from another financial institution) or by direct credit from an employer), you need to cancel these to stop further repayments being made.  We will endeavour to return these funds, but if this is not possible, we will apply them to your loan balance.

The payment deferral will be applied to all your eligible loans with St.George. This includes all eligible business lending products for you and any small businesses linked to your customer profile (for example, where you might be a director of the small business).

The terms and conditions of your business lending products will continue to apply, including events of default outlined in our contract.

Small business customers with home loans:

You may be eligible for 3 months of deferred payments on your home loan if you, including jointly, or as a director of an entity or partner of a partnership being the eligible small business have a home loan with St.George. Business customers who seek assistance in relation to their retail credit accounts (e.g. home loan) please go here.

If you require additional financial support beyond what is offered please contact our Customer Assist line on 1300 303 110 to apply for further hardship provisions.