Helping Australians Live Well At Home
Access the lifetime savings in your home

You could be better off in retirement

Retirees typically fund their retirement using a combination of savings in superannuation and other investments, as well as the the Age Pension.  However, many Australians retire without enough superannuation to fund a comfortable retirement and maintain the lifestyle they worked hard to enjoy.

 

Household Capital can make another avenue of retirement funding available to you. We enable you to draw on your home equity, or the savings in your home, via a Household Transfer®. It allows you to access a portion of your home’s value to meet your long term retirement needs.

Your home can be both the best place to live and right way to fund your own retirement

A Household Loan is our innovative approach to borrowing against home equity for responsible, long-term, retirement funding.

Our loan is structured as a reverse mortgage, which means you remain the owner of your home. Importantly, legislative protections mean that you can stay in your home as long as you want to, you only need to repay the loan when you leave your home and you cannot end up owing us more than the house is worth.

Why choose us?

Responsible lending

We ensure you access your home equity responsibly and sustainably to meet your long term retirement needs

Personal approach

Each of our customer’s circumstances are unique. We want you to discuss your options openly with us, your family and your adviser to achieve the best outcome for you

Competitive rates

We offer the lowest comparable interest rate, transparent fees and no exit or other penalties

Flexibility

We provide you with great flexibility in managing your Household Transfer. Make no interest payments, interest-only payments or repay your loan at any time

What is our process?

Explore

Determine how much you may be able to borrow and explore your funding needs using our calculator

Personal consultation

Meet with one of our retirement specialists to assess whether a Household Transfer might be right for you using our innovative software

Apply

Complete an application, which includes all the relevant information and contracts in a single pack

Receive funds

Use the proceeds of your Household Transfer and Live Well At Home

How does this help me?

Explore your potential Household Transfer using our needs-based calculator.

Most frequently asked questions

How can I use my household loan?

A Household Loan is our innovative approach to borrowing against home equity for responsible, long-term, retirement funding. Our loan is structured as a reverse mortgage.

A reverse mortgage allows you to borrow money using the equity in your home as security. Interest is charged like any other loan, but you usually don’t need to make repayments while you live in your home. The loan must be repaid in full if you sell your home or die or, in most cases, if you move into aged care.

Please see the Reverse Mortgage Information Statement for more information. To find out more about reverse mortgages, including a reverse mortgage calculator to help you work out how much equity you may have in the future, visit the Australian Securities and Investments Commission’s free consumer website at www.moneysmart.gov.au.

Household Capital Reverse Mortgage Information Statement (PDF)

What is the interest rate?

The interest rate on a Household Loan is a variable rate of 5.65*% per annum (which is Australia’s lowest rate for a reverse mortgage or equity release product).

*The Comparison Rate based on a loan of $150,000 for 25 years is 5.71% per annum. Fees and charges may be payable. Note: this comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

What protections does a Household Loan provide?

As our loans are structured as a Reverse Mortgage you benefit from key structural and legislative protections.

 

Ownership

You remain the owner of your home (and benefit from any increase in property value)

 

Lifetime Occupancy

you can stay in your home for as long as you want to

 

No Loan Repayments

there is no requirement for to make periodic loan repayments (although you can do so at any time). The loan becomes repayable when you leave your home.

 

No Negative Equity Guarantee

you cannot end up owing us more than the house is worth.

 

These protections are subject to you not materially breaching our loan contract terms and conditions.

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Want to speak to an expert?

We have an experienced team of retirement specialists who can help you explore your objectives and assess whether a Household Transfer might be right for you

Paul Stratton
Fiona Navarro
Shelley Libbis-Wettenhall
Chris Moutzikis