If you're made involuntarily redundant from permanent work, we waive your regular Movogo loan repayments while you look for the next role. One less thing to stress about at a rough moment.
Losing your job when you weren't expecting to is one of life's harder moments. Our Redundancy Waiver is an optional product that can waive some of your regular loan repayments if you're made involuntarily redundant during your loan term.
A one-off waiver fee is added to your loan and included in your regular payments, so there's no extra charge payable upfront. If you're made redundant, get in touch and we'll walk you through what we need for an application. Subject to the waiver conditions and exclusions, your regular loan repayments are waived while you're unemployed and actively seeking new work, up to the benefit caps in your loan agreement.
Full terms and conditions are provided before you sign.
A one-off waiver fee is added to your loan and included in your regular payments, so there's no extra charge payable upfront. Your exact figure is shown in your loan disclosure before you sign.
Cancellation, early prepayment rebates, benefit caps, and the rest of the finer points are set out in your waiver terms and conditions, provided before you sign.
Redundancy Waiver is designed for people in permanent employment in New Zealand who'd like the peace of mind of knowing their loan repayments are covered if they're made involuntarily redundant during their loan term.
Eligibility and suitability criteria apply, and the waiver is subject to specific conditions and exclusions. Some situations that typically aren't covered include resignation, voluntary redundancy, seasonal or fixed-term work ending naturally, and self-employed workers. Full conditions and exclusions are set out in your waiver terms and conditions.
A one-off waiver fee is added to your loan and spread across your regular payments, so there's no separate charge upfront. The fee depends on your loan details and is shown in your loan disclosure before you sign.
Broadly, involuntary redundancy where your employer formally terminates your employment because you're surplus to the business's requirements. Resignations, dismissals, and voluntary redundancies don't qualify. Full definitions are in your waiver terms.
Get in touch as soon as you can and we'll walk you through the process. There's some documentation to gather, and we'll tell you exactly what's needed for your situation.
Yes, within the cancellation window set out in your waiver terms. Cancellation details, refunds, and rebates are all covered in the terms and conditions provided before you sign.
Redundancy Waiver is normally selected at loan signup. If you'd like to add it to an existing loan, give us a call and we'll assess on a case-by-case basis.
You'll receive the full waiver terms and conditions as part of your loan documentation before you sign, so you can read everything in detail before committing.
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Contact
PO Box 90277
Victoria St West
Auckland, 1142
8am– 5:30pm weekdays
(09) 913 8560
Movogo Finance Limited. New Zealand Company Number 9357507. NZBN 9429052988677. FSP1011510. Member of Financial Services Complaints Limited (FSCL) for dispute resolution. All estimates shown on this site are indicative and are not an offer of credit or insurance. Any loan is subject to credit approval, responsible lending assessment, and standard terms and conditions. Waivers are loan features provided in-house by Movogo Finance Limited and are governed by your loan agreement. Insurance-related products are underwritten by Provident Insurance and are subject to the relevant policy document. Please read all documents carefully before signing.
