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


Home loan repayment options to help manage your household’s cashflow

We understand that unexpected life events can have a huge impact on your household income and we want you to know that, if this ever happens, we’re here to help.

2 minute read

What’s in this article:

  • Pause or reduce your home loan repayments
  • Change your home loan to Interest Only (IO)
     

Whether you’re a home owner or property investor, facing financial hardship can arise from different events such as losing your job or income (including rental income), illness, a relationship breakdown, reduction in your business cash flow or emergency events like natural disasters. If you believe you are facing financial hardship, find out how St.George Assist can help you.

If you are not facing financial hardship but need help to ease financial pressure to get back on your feet or need some breathing space to free up some cashflow during uncertain times, below are four flexible options which may suit you.

Please remember to consider all these options based on your individual needs and if you think any could work for you, get in touch through the St.George Mobile Banking App or call us on 13 33 30.

If you are overseas, please call +61 2 9155 5721.
Mon - Fri 8:00am – 8:00pm (AEST), Sat 9:00am – 5:00pm (AEST).

Option 1: Pause or reduce your home loan repayments

For any questions, and to apply, please get in touch through the St.George Mobile Banking App or call us on 13 33 30.

If you are overseas, please call +61 2 9155 5721.
Mon - Fri 8:00am – 8:00pm (AEST), Sat 9:00am – 5:00pm (AEST).

Option 2: Change your home loan to Interest Only (IO)

Are you currently making Principal and Interest repayments? You may be eligible to switch your loan to Interest Only and only pay interest during the approved IO term.

For any questions, and to apply, please get in touch through the St.George Mobile Banking App or call us on 13 33 30.

If you are overseas, please call +61 2 9155 5721.
Mon - Fri 8:00am – 8:00pm (AEST), Sat 9:00am – 5:00pm (AEST).


You may find these useful

How to pay off my mortgage sooner

Budgeting to help recover from a financial setback

Sleep easy knowing you’ve got emergencies covered

Important information

This information is general in nature and has been prepared without taking your objectives, needs and overall financial situation into account. For this reason, you should consider the appropriateness for the information to your own circumstances and, if necessary, seek appropriate professional advice.

© St.George Bank - A Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.