[Covid 19] Payment Holidays

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Mopy_ZA

AVForums Veteran
Joined
Feb 28, 2020
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Location
Eastern Front
Hi all,

Has anybody taken up any of the payment holiday options from the banks?  The simple solution would be a two month payment break, and then the loan period be extended by a further two months. However, as with all things related to banking, it's never that simple.

Most "Payment holiday" options are asking for the full two months payment once the holiday period is over.  I feel the banking oversight (ombudsman?) needs to step in here to standardise the process.
 

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