Suncorp/Macquarie home loan deferals

Anyone heard the details of what they are offering?

 

Both offering

 

There's a link in the top banner of almost every lender's homepage directing you to financial assistance.

 

Thanks looking at the websites Suncorp also seems to have the option of changing to from P&I to IO which would be almost as good as a repayment holiday. Suncorp does vaguely talk about maybe wanting some sort of documentation?? We are we sure applying for these wont impact credit rating, future loan apps?

 

Another way of switching to interest only, but on better rates is to take the repayment holiday, then just pay the interest so the loan doesn't accumulate.

This will mean you're only paying interest, but on the P&I rate. If you switch to IO, the rate will go up.