What happens to my bond if my unsecured debt is paid off?

If your unsecured debts are paid off before your home loan, you have options:

• Continue making the reduced bond payment under debt review until completion

• Apply for a clearance certificate (Form 19) for the unsecured portion

• The home loan can remain under reduced interest rates until fully paid

Some consumers choose to pay off unsecured debts first and then resume normal bond payments outside of debt review. We can advise on the best approach for your situation.