Members with up-to-date loans have the option of skipping loan payments twice a year to help cover unexpected or seasonal expenses.  

Deliver completed forms to any Branch by the 20th of the month (earlier for fortnightly/weekly paid workers).

• A processing fee ($5 for loan payments under $500, $25 for payments $500 and over) must be paid by cash or transfer. Indicate payment method preference on the form.
• Ensure forms are duly signed by loan holder, co-maker(s) and guarantor(s) where applicable.
• Click here to download the form

How does it work?

Upon approval, the payment period is extended and the interest is added to the loan balance at the end of the month. Payments made through payroll deduction are transferred to your Savings/Deposit account.