What is a Household Loan?

A Household Loan is our innovative approach to borrowing against home equity for responsible, long-term, retirement funding. It is a type of 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 don’t need to make repayments while you live in your home. The loan must be repaid in full when you sell or leave your home or, in most cases, if you move into residential 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. Try our equity calculator or call us on 1300 622 100. See how using your Household Capital could improve your retirement income. Live Well At Home™

What is the interest rate and fees?

Interest Rate The interest rate on a Household Loan is 8.95%p.a. (8.98%p.a. comparison rate*), which is the lowest available rate for a reverse mortgage or equity release product. Establishment Fee Household Capital charges an Establishment Flat Fee (including valuation and conveyancing) of $950. Try our equity calculator or call us on 1300 622 100. See how using your Household Capital could improve your retirement income. Live Well At Home™

Will my Age Pension be affected?

The Age Pension is an important source of income for many retired Australians. We can work with you to understand how a Household Loan can be used to preserve your pension entitlements and always recommend you speak to Centrelink to ensure your entitlements aren't affected. Try our equity calculator or call us on 1300 622 100. See how using your Household Capital could improve your retirement income. Live Well At Home™

Should I get financial advice?

If you are using home equity to top up your superannuation or other investments, you are required to get appropriate financial advice. This will help you determine how best to deploy your home equity to ensure improved long-term retirement funding. A financial adviser can also help structure your financial affairs to maximise entitlements to the Age Pension. Try our equity calculator or call us on 1300 622 100. See how using your Household Capital could improve your retirement income. Live Well At Home™

Should I get legal advice?

Household Capital requires you to get appropriate legal advice to ensure you understand your rights and obligations, and to confirm that a Household Loan is right for your circumstances. Try our equity calculator or call us on 1300 622 100. See how using your Household Capital could improve your retirement income. Live Well At Home™

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What is home equity and how can it improve your retirement?

Your home equity, or as we like to call it, your Household Capital ™, is the difference between the market value of your home and any outstanding debt you may have against it.

Along with your superannuation and pension entitlements, home equity is one of the three pillars of retirement funding. While many people access their home equity by selling their home or downsizing, doing so isn’t always necessary – and that’s where Household Capital comes in.

As a homeowner aged 60 plus, you can use a reverse mortgage, one of the most popular equity release products, to fund a more comfortable retirement and give you confidence in your future. This might come from establishing an additional income stream, renovating your home to make it retirement ready, or from setting up a contingency fund for those unexpected expenses.

Why we're different

Low Interest Rate
9.20% Variable
9.23% Comparison*

Consistently low rate so you can access more of your home equity.

Flexibility and Choice

Adjust as you go with flexible drawdown options.

Personalised
Service

Our award winning retirement specialists help you every step of the way.

Specialist
Provider

We only provide retirement funding so we understand your needs.

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