Yes, from what you’ve mentioned so far, you look like you’re eligible for a repayment holiday with NAB. As 'maternity leave' is one of the most common reasons borrowers ask for a repayment holiday.
Their policies are quite clear on this. It is available for borrowers who are:
- On a fixed rate or a variable rate home loan.
- Ahead of their scheduled repayments and have good conduct on their home loans i.e. not missed any repayments on their mortgage for the last 6 months.
- And is typically available for a period of two months up to twelve months.
To apply please call their customer care hotline. Both you and your partner will need to consent via the phone.
Please note that before the end of the repayment holiday, the bank will review your contracted repayments as necessary to make sure that the loan is repaid within the loan terms.
Give us a call on 1300 889 743 or fill in our free assessment form so we can recommend a suitable solution for your needs.
Cheers,