- Members Portal
- ABA Website
The Aus: What you need to get a loan deferral
15 July 2021
The Australian: With Sydney’s Covid-lockdown set to continue for weeks and the possibility of more across the nation, Australians looking for help with their mortgage and small business loans will need to show their circumstances have changed to get a deferral.
This year, banks will deal with customers on a case by case basis with options such as moving to interest-only payments for a period, restructuring the loan or partial repayments, plus redraw facilities.
“Assistance will be available to all small businesses and home loan customers who can demonstrate they have been significantly impacted by current lockdowns or by a slower recovery from recent lockdowns,” an ABA spokesman says.
Latest news
Key News: “The Cash Distribution Framework is an important piece of regulatory reform to ensure the continued availability of cash given the decline in its usage and recent uncertainties across the sector.” ABA CEO Simon Birmingham. Media release, 3 September 2026. Media & Communications Update: Political Update: Economic Update: Regulatory Update Upcoming Submissions Selected Media… Read more »
Key News: “You might just think it’s harmless letting somebody access your bank account and getting a few hundred bucks in return, but these are crime syndicates, these are money launderers. You may well be helping to scam a vulnerable Australian out of their life savings.” ABA CEO Simon Birmingham. Interview with 2SM’s Tim Webster,… Read more »
Key News: “Every dollar of bank profits that gets reinvested into bank capital, generates on the analysis we showed this week, $4.70 of economic activity across the Australian economy.” ABA CEO Simon Birmingham. Interview with Ross Greenwood, 21 June. Media & Communications Update: Political Update: Economic Update: Regulatory Update Upcoming Submissions Selected Media Warm regards,The… Read more »