Hardship assistance - Resimac-funded loans


Are you experiencing hardship? Call us on 1300 793 741

When you call to speak with us, advise our team upfront that you are experiencing financial hardship and would like to discuss possible options available to you.

Causes leading to financial hardship vary of course, and so do the possible hardship solutions which may be offered by Resimac. Factors considered by us may include whether the hardship being experienced is short term/temporary, what lead to the hardship, your repayment history prior to the hardship event and a genuine discussion about how you believe you will be able to meet servicing requirements at the conclusion of the hardship relief.

To progress and consider an application for hardship with Resimac, we need to firstly explore options that will allow you to move beyond the period of financial hardship that you are experiencing. Secondly, any arrangement must leave you in a position to meet your loan servicing requirements at the conclusion of the period of hardship relief. In order to progress any discussion we need your complete assistance.

  • What we may be able to do


    Our approach is to assess an application for hardship relief or assistance by reference to:

    • The reason you are seeking assistance; and

    • Your ability to service the loan in the long term

    In practice, this means that we seek to establish that there is a need to provide short-term assistance and that the assistance provided will not merely delay an outcome that may be inevitable.

  • What you can do to assist us


    Demonstrate that:

    • You will be able to meet your loan repayments if the terms of your contract are changed; and

    • The cause of the hardship you’re experiencing is temporary

    It is in your interests to respond promptly to our requests for information and provide current and accurate details of your financial position.


We recommend that you make whatever payments you can whilst we are considering your application and that you also propose realistic repayment plan details that will result in the eventual repayment of your loan.

Additional help


If you need additional help, financial counselling services help people who are in financial difficulty. These services are available in every state and territory and provide a free, independent and confidential service. ASIC’s Money Smart provides more information on these services. See: www.moneysmart.gov.au.

If you are dissatisfied with our response to your complaint, you may make a complaint to our External Dispute Resolution Scheme, Australian Financial Complaints Authority (AFCA), which can be contacted on 1800 931 678 or info@afca.org.au