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repayment holiday

cwharam
cwharam Posts: 1 Newbie
in Loans
Hi does anyone know if you can take repayment holidays from personal loans???:confused:

Comments

  • standupguy
    standupguy Posts: 904 Forumite
    Not unless it is built into the terms and conditions on your loan agreement.

    If you are struggling short term you can ask the lender if you can pay, say half payments for a couple of months and then make up the shortfall?
  • ~Beanie~
    ~Beanie~ Posts: 3,043 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    It depends what your loan agreement says. I have a loan with Egg and was able to take a 3 month break.
    :p
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    You need to ask your lender.
    Some will allow it some won't.
This discussion has been closed.
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