COVID Pandemic Financing Tips – What Options Are Available to You?

by | Jun 15, 2020 | Blog | 0 comments

Need some Covid pandemic financing tips? At Key Choice Group, we will support you. Continue reading this article if you are struggling how to be financially wise during this time of crisis.

Are you in any of these groups? 

Group 1 COVID Pandemic Financing Status: Immediately Financially Impacted

  • Contact your bank and request a repayment holiday.
  • When calling ask to speak to the hardship department. Most lenders have a specific policy around COVID-19 or-else it is handled as a part of their current hardship policy. Please note your loan interest will capitalise during this period but you may be able to receive repayment holiday period. There is not a uniform policy across the banks so you need to communicate directly with your bank.
  • You may be eligible to access some of your Superannuation and also benefit from the Government stimulus package. For more information on both of these options refer to this link – Economic Response to the Coronavirus
  • If you are unclear about what you are being told by your lender please contact us for clarification.

Group 2 COVID Pandemic Financing Status: Not Immediately Financially Impacted and Employed in a Secure Industry

  • Debt consolidation to improve your cash flow. Anything you can do to build a cash reserve or buffer in uncertain times is important.
  • Fixed rates are exceptionally low. With many lenders not passing on the last full Reserve Bank interest rate reduction, it may be a time to consider if a Fixed Rate loan is right for your circumstances. Many lenders have fixed rates between 1 and 5 years at lower than their current variable rate.
    It is important you contact us for personalised advice on these options.

Final Thoughts on Covid Pandemic Financing

This too shall pass, focus on your breath and reach out for help if needed. Key Choice Group is here to support you. Contact us now.


Property Investment Guide – Build Wealth Through Property

Welcome to our Property Investment Guide. Whether you’re a seasoned investor or just starting out, we’re here to provide help and advice about financing your property investment. Take note that this blog post is just a summary of the “Property Investment PDF...

Home Loan Essentials – Why Choose a Mortgage Broker?

Welcome to our Home Loan Essentials Guide. There’s a lot more to choosing the right home loan than just the interest rate. This guide covers all the home loan basics and how to get started. Take note that this blog post is just a summary of the “Home Loan Essentials...

Home Buyer Essentials – 5 Simple Steps to Understand the Home Buying Process

Welcome to our Home Buyer Essentials Guide. You're looking for a new home, how exciting! This home buyer essentials guide will definitely help you out. Owning your own home is one of the most exciting things that you will experience in your lifetime. Make sure you...

Fixed Rate Loans Guide: Know the Ins and Outs

Do you know how important to have a fixed rate loans guide? With interest rates at an all-time low, and many lender’s fixed rates lower than their variable options. Locking in an interest rate on your home loan to guard against possible future fluctuation may be...

Home Deposit Tips on How to Save Better

When you are thinking about your first home,  saving for a 20% home deposit can seem really overwhelming. The good news is that for some of the big non-bank lenders offers a minimum deposit. This is required on some products can be as little as five percent of the...


key choice group pty ltdtaxi farekey choice group pty ltd