Repayment Holiday – Should You Take One?

The COVID-19 Crisis has seen a bigger push from lenders to highlight their Financial Hardship measures. One of the more popular options is a Repayment Holiday, where the bank will put your repayments on hold for a period of 3 or 6 months.

Before you request a Repayment Holiday from your lender, you need to understand what it means and what the impact will be.