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Household Loan
Refinance for 60+
Home Equity Wealth Release
Pension Loan Scheme
Home Reversion Schemes
Tax
Free
Funds
No Regular
Repayments
Required
Consistently
Low
Rate
Award
Winning
Company
Retirement Income Solution
Retirees typically fund their retirement using a combination of savings in superannuation and other investments, as well as the Age Pension. However, many Australians retire without enough superannuation to fund a comfortable retirement and maintain the lifestyle they worked hard to enjoy.
Our Household Loan enables you to draw on your Household Capital™, the savings in your home. It allows you to responsibly access a portion of your home’s value to meet your long term retirement needs. It also provides you with flexibility and choice to improve your lifestyle and wellbeing while you continue to live in your family home.
It's As Easy As 1, 2, 3!
CONFIRM ELIGIBILITY
Use our online calculator to see your accessible Household Capital.
PERSONAL CONSULTATION
Experience one-on-one personalised service with a retirement specialist.
APPLICATION
We guide you through every step of the application process.
How You Can Use A Household Loan
You can utilise your Household Capital via one or a range of ways from super top-up to becoming the bank of mum and dad.
Calculate Your Home Equity
Learn how accessing your home equity could help you consolidate debts or increase your income.
Interest Calculation
6.20%
variable rate
6.23%
Comparison Rate*
Because regular repayments are not required, the interest added to the loan balance compounds over time. This means you pay interest on your interest. Over time, the amount you owe will increase. The longer the term of your reverse mortgage, the more interest compounds.
Alternatively, Household Capital offers an 'interest only' facility, where you can make regular payments so that at the end of the term, only the amount you borrow is repayable.
See more on interest rates and fees.
How Our Customers Rate Us
Note: customer names and images have been changed to protect their privacy.
Patrick & Joan: Improving Retirement Funding
Patrick and Joan are 69 and 78 years old respectively and live in a regional town in NSW. They moved from Sydney a few years ago and plan to stay in their home for as long as they can. The couple receives the full Age Pension and draws a modest income from their superannuation savings.
Patrick and Joan wanted to top-up their super and Centrelink pensions with a regular payment. They also wanted to establish a contingency fund for future needs and have a little more financial freedom.
They are both is in great health and enjoy spending time with their family of five children and many grandchildren. Before deciding on a Household Loan, they discussed their situation with their children who all agreed that accessing a portion of their home equity to improve their retirement made a lot of sense.
To complement their pension and super savings, Patrick and Joan established a Home Income drawdown of $750 per fortnight. They also drew a capital sum to establish a contingency fund of $30,000, to give them ‘peace of mind’ should they encounter a large one-off expense; they did not want to rely on a credit card.
Thier Household Loan has used a small amount of their available home equity to improve their retirement funding. In 10 years’ time, they anticipate they will still have around 75 percent of their home equity remaining.
Frequently Asked Questions
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Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. ^Amounts spent will be added to your Household Loan and accrue interest like any other funds drawn via your Household Loan.