We know that unemployment is a concern for many when considering a long-term financial commitment, especially during this time.
Our payment waiver covers you if you are made redundant through no fault of your own or off work due to long-term sickness: the loan repayments can be waived for up to 7 months or until you’re re-employed or return to work, whichever occurs earlier.
In either event, to qualify you must be off work for at least 30 days before the benefit can commence.
With the exception of the initial month of enrolment, all waiver payments will be backdated to begin from the date they became necessary e.g. the day you were made redundant.
Our 12 month job loss protection benefit is a guarantee to our customers that, in the event of losing your job or being off work due to certified illness, your scheduled car finance payments will be waived (paid by us on your behalf) until you return to work, for up to seven months of instalments.
It is valid solely for the first year of the finance agreement, or until you close your finance agreement if this takes place within the first year.