MOST POPULAR
Price alerts, news and exclusive offers direct to your inbox
Money terms defined on this page:
For a full glossary list click here
With some loans, you can choose to take a repayment holiday where you don’t make any repayments for up to a few months. Many lenders offer this at the start of the loan period, so that you don’t have to worry about repaying your debt straight after taking the loan out. If you choose to take a repayment holiday, interest will continue to build up on the amount you owe.
Back to top of page