You could defer repayments for up to six months, (to a maximum of 12 months), over the term of your loan; conditions apply
The RAMS Parental Leave option allows you to defer repayments on your loan for up to six months – up to a maximum of 12 months over the life of the loan. It’s our way of helping out.
Conditions and fees apply so call 13 RAMS, that's 13 7267 to see how we can help.
A home loan with loads of features - offering the ultimate in flexibility, parental leave options and a competitive rate
John and Katie had taken out a RAMS Home Loan two years ago and were now expecting a baby. They wanted to reduce their monthly loan repayments while Katie was on maternity leave.
Having saved, they were ahead in their loan repayments and their LVR was now below 90%. And because their particular RAMS Home Loan had the Parental Leave option, John and Katie were able to halve their monthly interest only repayment for 6 months with the amount owing added to the loan’s principal.
The expectant couple were of the view that it was a small price to pay for the time they were able to share as a family without the pressure of meeting loan repayments while Katie was on maternity leave.