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How to apply for a loan repayment holiday
A repayment holiday gives you a break from paying your monthly loan repayment. You can apply for up to two repayment holidays of one month in a rolling 12-month period, depending on approval.
You can do this online as long as you
- Have made at least one repayment and have a direct debit in place.
- Are up to date with your loan repayments.
- Have 30 days or more remaining on your loan term.
How to do it
Let us show you step by step.
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- Log in and select the loan account you want to pay. Then select the three-dot menu.
- Select Repayment Holiday, which will display if you are able to take a payment holiday.
- If you are able to take a payment holiday, select Apply for a Repayment Holiday.
If you want the repayment holiday to apply to your next payment, apply online at least five working days before it is due.
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- Log in and select the loan account you want to pay. Select more actions.
- Select Repayment Holiday, which will display if you are able to take a payment holiday.
- If you are able to take a payment holiday, select Apply for a Repayment Holiday.
If you want the repayment holiday to apply to your next payment, apply online at least five working days before it is due.
Get set up online
The Halifax brand is changing to Lloyds
If you don’t currently use online or mobile banking, you can start using the Lloyds app now to see your existing Halifax accounts. Once you’ve downloaded it, you can set it up using your Halifax account details.
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If you're not registered for Online Banking, you can still request a repayment holiday. You can do this by calling us.
If you want the repayment holiday to apply to your next payment, apply at least five working days before.
Worried about your repayments?
We’re here to talk about your money worries and help you find practical ways to deal with them.
The sooner you let us know there’s an issue, the easier it will be for us to deal with it together.
