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Reverse Mortgage Interest Rates & Fees
Interest Rates
Lower rates mean more home wealth and greater control. Our range of lending solutions deliver flexibility and choice.
Our ORIO options are ideal if you are transitioning to retirement. These solutions provide access to home wealth that limits, or eliminates, the effect of compound interest and rewards you with a lower interest rate.
If you are already retired, our Household Loan provides the flexibility to meet your changing needs, including access to income and capital.
| ORIO 100 | ORIO 50 | HOUSEHOLD LOAN | HOUSEHOLD LOAN + | |
|---|---|---|---|---|
| Interest Rate^ | 7.95% | 8.45% | 8.95% | 8.95% |
| Comparison Rate* | 7.98% | 8.48% | 8.98% | 8.98% |
| Terms | Optional interest only payment (100%) | Optional interest only payment (50%) | Interest accrues to loan account | Interest accrues to loan account |
| Repayments | Make interest payments | Make reduced interest payments | No regular repayments required | |
| Repayment Flexibility | Optional regular interest payments and repay loan at any time | Optional ad hoc repayments and repay loan at any time | ||
^Rates effective 11th March 2025, for new loans only.
Fees and charges
| Description | Fee |
|---|---|
| Establishment fee (includes valuation and conveyancing) | $950 flat fee |
| Special attendance fee (e.g., variation or substitution of security, discharge of mortgage) | $250 per attendance |
| Fee for provision of paper copies of documents | $25 per request |
| Drawdown fees | Nil |
| Regular service fees (monthly, annual) | Nil |
| Early repayment fee | Nil |
Home wealth
Our quick and easy online calculator is the best way to see how much of the wealth in your home you could unlock to live the lifestyle you deserve in the home you love.
Calculate home WealthYou must own your home to be eligible
Frequently Asked Questions
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Why is the mortgage interest rate important?
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The lower the reverse mortgage interest rate on your loan, the more of your home equity you retain and can access to fund your long-term retirement needs. It’s that simple. Try our home wealth 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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Why are reverse mortgage interest rates higher than standard mortgages?
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Reverse mortgage interest rates are generally higher than a standard mortgage because there is no obligation for borrowers to make repayments until the end of the loan. Try our home wealth 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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Are reverse mortgage interest rates fixed or variable?
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Reverse mortgages are only available with variable rates; the main benefit of this is that you have flexible repayment options. A Household Loan may be repaid, in part or full, at any time without penalty. Try our home wealth 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 are the costs?
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Disclaimer: *Comparison rate based on a secured loan of $150,000 over a 25 year term. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates.
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.