Abound personal loans include repayment flexibility features called Loan Actions which allow you to request:
- repayment holidays, where you may request to pause your monthly repayments for up to 2 months; and
- adjustments to your monthly repayment amounts, where you may request to increase or decrease your regular monthly repayment.
You can request Loan Actions at any time throughout the duration of your Abound Loan. However, you should be aware that Loan Actions are subject to refreshed affordability checks and once approved, the actions will incur fees and have restrictions around how frequently they can be used.