Payment Waiver
We'll take care of payments when you can't
You can't predict when or how you will be affected by redundancy, injury, illness or even death, or how you will manage if your vehicle is written off and you still owe money on it.
Payment waiver is optional, and is well worth the few extra dollars.
It's easy to arrange
A payment waiver is easy to arrange and the cost can be added to your loan. Simply choose the level of cover you're comfortable with, and we'll take care of your repayments until you can. Cover is available for up to five years. Terms and conditions apply.
Choose your level... and we'll make your repayments in case of:
| Platinum |
- death
- disablement
- terminal illness
- redundancy
- insurance shortfall
|
| Gold |
- death
- disablement
- terminal illness
- redundancy
|
| Silver plus |
- death
- disablement
- terminal illness
- bankruptcy
- insurance shortfall
|
| Silver |
- death
- disablement
- terminal illness
- bankruptcy
|
| Bronze plus |
- death
- insurance shortfall
|
| Bronze |
|
| Jade |
|
What is Insurance shortfall?
If your vehicle is stolen or written off before you've repaid your loan, there could be a difference between the market value of your asset and the amount you still owe. Insurance shortfall pays the difference between your loan balance and your insurance payout, to a maximum of $10,000.