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Community


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Home loan payment holiday Covid 19

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8108
New Contributor
Good day

How do I apply for the payment holiday on my home loan and credit card?

Please advise as I will not be able to pay due to to salary cut - covid 19

Regards
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9 REPLIES 9
Mlangeni1
New Member
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osamuels
New Member

Hi i also would like to apply for the home loan holiday payment due to covid19 and has a salary cut both myself and husband


@8108 wrote:
Good day

How do I apply for the payment holiday on my home loan and credit card?

Please advise as I will not be able to pay due to to salary cut - covid 19

Regards

 

0 Kudos
Reply
PeterWells
Occasional Visitor

Due to lack of income due to Covid 19 I will not be able to pay my H/L for July and August at best. I am about R16k ahead on payments. Please advise.

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AlexanderBlake
New Member

I was also searching for this option I have taken several loans and due to the COVID situation I am not able to pay them and I am very thankful to my loan company with fast cash, they gave me a loan payment holiday with no problems, I have searched a reliable company for a long time and this company is a good one. I really think that it will be ok with word after this pandemic and everything will be better than the news says, use mask and wash your hands.

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Rai786
New Contributor
hi did you manage to get assistance
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8108
New Contributor
No, I followed up last week as well, still waiting
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tammy2105
New Member
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Xena15
Occasional Contributor
only go for this option if you have no other alternative, othewise avoid it as it will cost you more money in interest and extend your home loan term.
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Xena15
Occasional Contributor

Try to avoid payment holidays if you can. If you have an access bond draw money from 

there. Taking payment holidays will not benefit you it will be more interest and the loan term

is longer. 

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