Household Loan
A purpose based reverse mortgage that provides access to capital and regular income.
Flexibility and choice for the over 60s
A Household Loan provides your clients over 60 with flexibility and choice. It enables them to access the equity in their home to enhance their lifestyle and wellbeing, without the need to sell or downsize.
Key benefits
- Provides access to capital and regular income
- Regular repayments are not required
- An income is not required to qualify
- Your client remains the owner of their home
- Highly regulated with strong consumer protections
How it works
A Household Loan is a reverse mortgage designed to provide Australian homeowners over 60 with capital and/or a regular income stream.
This is achieved via a loan facility that doesn’t require repayment until your client vacates the property.
A Household Loan comes with a number of consumer protections, including guaranteed lifetime occupancy and a no negative equity guarantee.
Register as a partner
Eligibility requirements
Age criteria
The borrower must be aged 60 or older
Property criteria
Owner-occupied residential property in an eligible postcode, minimum value $600,000
Other requirements
No long-term income required