Temporary loan repayment deferrals due to COVID-19, February 2021 - accessible version

These dashboards are from the Temporary loan repayment deferrals due to COVID-19, February 2021 publication.

Aggregate industry data on loans subject to repayment deferral dashboard

Many authorised deposit-taking institutions (ADIs) have granted temporary relief to borrowers impacted by COVID-19, allowing them to defer loan repayments for a period of time. To provide greater transparency of loan repayment deferrals at the industry level, APRA is publishing the data obtained from ADIs. 

Progressive total of loans subject to deferral: $14 billion of loans were subject to deferral at 28 February 2021, representing 0.5% of total loans.

Monthly movements:

• $45 billion of loans were approved for deferral and $2 billion of loans expired or exited from deferral in May 2020.
• $40 billion of loans were approved for deferral and $33 billion of loans expired or exited from deferral in June 2020.
• $20 billion of loans were approved for deferral and $40 billion of loans expired or exited from deferral in July 2020.
• $12 billion of loans were approved for deferral and $24 billion of loans expired or exited from deferral in August 2020.
• $17 billion of loans were approved for deferral and $66 billion of loans expired or exited from deferral in September 2020.
• $12 billion of loans were approved for deferral and $102 billion of loans expired or exited from deferral in October 2020.
• $7 billion of loans were approved for deferral and $32 billion of loans expired or exited from deferral in November 2020.
• $3 billion of loans were approved for deferral and $12 billion of loans expired or exited from deferral in December 2020.
• $1 billion of loans were approved for deferral and $14 billion of loans expired or exited from deferral in January 2021.
• $0.4 billion of loans were approved for deferral and $21.6 billion of loans expired or exited from deferral in February 2021.

Proportion of total loans:

At 30 Apr:

• Total loan deferrals – 9% of total loans,
• Housing loan deferrals – 9% of housing loans,
• SME loan deferrals – 16% of SME loans.

At 31 May:

• Total loan deferrals – 10% of total loans,
• Housing loan deferrals – 11% of housing loans,
• SME loan deferrals – 18% of SME loans.

At 30 June:

• Total loan deferrals – 10% of total loans,
• Housing loan deferrals – 10% of housing loans,
• SME loan deferrals – 17% of SME loans.

At 31 July:

• Total loan deferrals – 9% of total loans,
• Housing loan deferrals – 9% of housing loans,
• SME loan deferrals – 17% of SME loans.

At 31 August:

• Total loan deferrals – 8% of total loans,
• Housing loan deferrals – 9% of housing loans,
• SME loan deferrals – 16% of SME loans.

At 30 September:

• Total loan deferrals – 7% of total loans,
• Housing loan deferrals – 7% of housing loans,
• SME loan deferrals – 11% of SME loans.

At 31 October:

• Total loan deferrals – 3% of total loans,
• Housing loan deferrals – 4% of housing loans,
• SME loan deferrals – 4% of SME loans.

At 30 November:

• Total loan deferrals – 2% of total loans,
• Housing loan deferrals – 3% of housing loans,
• SME loan deferrals – 2% of SME loans.

At 31 December:

• Total loan deferrals – 2% of total loans,
• Housing loan deferrals – 2% of housing loans,
• SME loan deferrals – 2% of SME loans.

At 31 January: 

• Total loan deferrals – 1% of total loans, 
• Housing loan deferrals – 2% of housing loans, 
• SME loan deferrals – 1% of SME loans.

At 28 February:

• Total loan deferrals – 0.5% of total loans,
• Housing loan deferrals – 0.7% of housing loans,
• SME loan deferrals – 0.5% of SME loans.

Number of loan facilities*:

• Total – 47,654 (0.3% of total facilities);
• Housing – 28,320 (0.5% of housing facilities);
• SME – 5,370 (0.3% of SME facilities).

*The number of facilities does not necessarily indicate the number of borrowers as individual facilities with more than one repayment type may be reported more than once.

Housing loan risk profiles**

Deferred housing loans (percentage of housing loans)

• Loan to value ratio > 90 – 10%
• Interest-only – 16%
• Investor – 38%

Total housing loans (percentage of total loans)

• Loan to value ratio > 90% – 6%
• Interest-only – 15%
• Investor – 36%

**to give an indicator of potential elevated risk in loans subject to deferral this chart compares loans subject to deferral to total loans across three key cohorts - loan to value ratio of greater than 90 per cent, investor loans and interest only loans. 

Borrowers continuing to make repayments:

At 30 Apr:

• Partial Repayments – 13%;
• Full Repayments - 21%.

At 31 May:

• Partial Repayments – 8%;
• Full Repayments – 12%.

At 30 June:

• Partial Repayments – 10%;
• Full Repayments – 10%.

At 31 July:

• Partial Repayments – 9%;
• Full Repayments – 11%.

At 31 August:

• Partial Repayments – 9%;
• Full Repayments – 10%.

At 30 September:

• Partial Repayments – 9%;
• Full Repayments – 10%.

At 31 October:

• Partial Repayments – 10%;
• Full Repayments – 11%.

At 30 November:

• Partial Repayments – 9%;
• Full Repayments – 8%.

At 31 December:

• Partial Repayments – 7%;
• Full Repayments – 6%.

At 31 January: 

• Partial Repayments – 6%; 
• Full Repayments – 6%.

At 28 February:

• Partial Repayments – 9%;
• Full Repayments – 6%.

Housing loan deferrals, share of housing loans:

At 31 August:

• VIC – 10%, NSW – 9%, NT – 9%, WA – 9%, QLD – 8%, SA – 6%, TAS – 5%, ACT – 4%.

At 30 September:

• VIC – 8%, NSW – 7%, NT – 8%, WA – 8%, QLD – 7%, SA – 5%, TAS – 4%, ACT – 3%.

At 31 October:

• VIC – 5%, NSW – 4%, NT – 3%, WA – 3%, QLD – 3%, SA – 2%, TAS – 2%, ACT – 2%.

At 30 November:

• VIC – 4%, NSW – 3%, NT – 2%, WA – 2%, QLD – 2%, SA – 1%, TAS – 1%, ACT – 1%.

At 31 December:

• VIC – 3%, NSW – 2%, NT – 2%, WA – 2%, QLD – 2%, SA – 1%, TAS – 1%, ACT – 1%.

At 31 January: 

• VIC – 3%, NSW – 2%, NT – 1%, WA – 1%, QLD – 1%, SA – 1%, TAS – 1%, ACT – 1%.

At 28 February:

• VIC – 0.9%, NSW – 0.6%, NT – 0.4%, WA – 0.4%, QLD – 0.4%, SA – 0.4%, TAS – 0.3%, ACT – 0.3%.

SME loan deferrals, share of SME loans:

At 31 August:

• VIC – 16%, NT – 15%, TAS – 16%, WA – 15%, QLD – 16%, NSW – 16%, ACT – 15%, SA – 13%.

At 30 September:

• VIC – 12%, NT – 13%, TAS – 10%, WA – 10%, QLD – 11%, NSW – 9%, ACT – 9%, SA – 9%.

At 31 October:

• VIC – 6%, NT – 5%, TAS – 5%, WA – 4%, QLD – 4%, NSW – 4%, ACT – 3%, SA – 3%.

At 30 November:

• VIC – 4%, NT – 3%, TAS – 2%, WA – 2%, QLD – 2%, NSW – 2%, ACT – 2%, SA – 1%.

At 31 December:

• VIC – 3%, NT – 2%, TAS – 1%, WA – 1%, QLD – 1%, NSW – 1%, ACT – 1%, SA – 1%.

At 31 January: 

• VIC – 2%, NT – 1%, TAS – 1%, WA – 1%, QLD – 1%, NSW – 1%, ACT – 1%, SA – 1%.

At 28 February:

• VIC – 0.7%, NT – 0.3%, TAS – 0.5%, WA – 0.3%, QLD – 0.3%, NSW – 0.3%, ACT – 0.2%, SA – 0.3%.

Data as at 28 February 2021. Data prior to June from the largest 20 ADIs by loan size. Data from June from all ADIs excluding foreign branches. Data from June to September from all ADIs excluding foreign branches. Data from October from all ADIs with over $20m of loans subject to repayment deferral excluding foreign branches.

Largest authorised deposit-taking institutions with loans subject to repayment deferral dashboard

Many authorised deposit-taking institutions (ADIs) have granted temporary relief to borrowers impacted by COVID-19, allowing them to defer loan repayments for a period of time. To provide greater transparency of loan repayment deferrals, APRA is publishing high-level data from ADIs with over $20 million in total deferrals and over 20 loan facilities. The data below is based on the available infographic, and contains data from ADIs with over $1 billion in total loans subject to repayment deferral. 

Total loans subject to deferral – share of total loans.

This chart shows the percentage of deferrals as a share of total loans for 3 ADIs. The largest share in February were WBC and ANZ at 0.9%, and lowest share was CBA at 0.3%. 

Movements in the month of February 2020.

This chart shows new or extended deferrals and expired or exited deferrals as a share of prior month deferrals. The largest movement in new or extended deferrals was ANZ at 1.1%. The largest movement in expired or exited deferrals was CBA at 76.8%.

Share of total loans by type.

This chart shows the percentage of small and medium business deferrals as a share of total small and medium business loans, and the percentage of housing deferrals as a share of housing loans. The largest share for small and medium businesses was ANZ at 0.9%, the lowest was CBA at 0.3%. The largest share for housing was ANZ at 1.2%, the lowest was CBA at 0.4%.

Housing loan risk profiles.

This chart shows both the percentage of housing deferrals with loan-to-value ratios > 90% as a share of total housing deferrals, and interest-only housing loans as a share of total housing deferrals. The largest share for loan-to-value ratio > 90% was CBA at 15.2%, the lowest was ANZ at 8.5%. The largest share for interest-only was WBC at 25.1%, the lowest was ANZ at 6.6%. 

List of entities in the infographic:  

• ANZ - Australia and New Zealand Banking Group Limited; 
• CBA - Commonwealth Bank of Australia; 
• NAB - National Australia Bank Limited; 
• WBC - Westpac Banking Corporation.

Data as at 28 February 2021.