Business Finance FAQs

Asset Finance Coronavirus FAQ's

What is a payment holiday (also known as payment freeze and payment deferral)?

A payment holiday is a break from having to pay your monthly payments for up to three months. The deferred payments can be added to the end of your agreement term or spread over your remaining payments.

Related questions

How we're supporting our customers through Coronavirus disruption Is a Payment Holiday the right thing for me? Who can request a payment holiday? What will happen to interest / hire charge? Will this affect my credit rating? When will my payment holiday begin? What if my payment holiday is coming to an end? What effect will delays in the postal system have on my Agreement? What if I need more help?

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