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Helping Australians Live Well At Home ™

What are your primary plans with additional retirement funds?

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Tell us about your home

What is your property type?

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Tell us about your ownership status

Do you own or rent your current property?

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How much do you currently have owing on your mortgage?

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Minimum amount is 10,000
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Tell us about your marital status

What is your current Marital Status?

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What is your partner's date of birth?

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Check your eligibility

Let's see if you're eligible

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Powered by Household Capital

Your home can be both the best place to live and the 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.

retirement

Renovate your home, upgrade your car, improve your lifestyle

"I needed to modify my home so I can comfortably stay here for a few more years before moving in to aged care. It’s kept me anchored to my community, which is really important to me."

Florence
Mornington VIC

Refinance an existing mortgage to improve your retirement funding with no obligation to pay regular interest

"It was such a relief to cover what was left of our mortgage and not have to stress about meeting the repayments each month. Now our income covers those things I was looking forward to in retirement - day trips, time with the grandkids and indulging our passion for movies."

Debbie & Bill
Ivanhoe VIC

Top up your superannuation or investments, boost retirement income, meet unexpected expenses

"We worry about running out of money in retirement. But I’ve always realised there is wealth in the home. We’ve always worked for the long-term. This is a long-term approach."

Sue & Peter
Sydney NSW

Medical expenses, in-home care, residential aged care

"My husband needed to enter a residential aged care facility while I wanted to stay at home. A Household Loan enabled us to pay a Refundable Accommodation Deposit on his facility of choice and, at the same time, meant I could stay in our family home. This was really important to me, it’s where all my memories are. I didn’t want to have to move out."

Rose & Jack
Northbridge NSW

Help future generations when they need it most

"We want to fund our granddaughter to be able to take a year’s maternity leave to spend with our future great grandchild. It’s such a special time for mother and child but without pay, she needs to return to work to be able to contribute to their mortgage."

Sophia & Joe
Brisbane QLD

Why Choose Us

Responsible lending

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

Personal approach

Your circumstances are unique. We want you to discuss your options openly with us, your family and your adviser to achieve your best possible outcome

Competitive rates

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

Flexibility

We provide total flexibility – make no interest payments, interest-only payments or repay your loan at any time

What is our process?

01

Explore

Explore your retirement funding needs and determine how much you may be able to borrow using our calculator.

02

Personal Consultation

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

03

Apply

Complete your application, which includes all the relevant information and documentation in a single pack

04

Receive funds

Use the proceeds of your Household Loan and Live Well At Home ™

Access the lifetime savings in your home

See if you're eligible for a household loan with a free, no obligation quote now!

Get Started

Most frequently asked questions?

1. How can I use a Household Loan?

A Household Loan can be used to meet a wide variety of your retirement needs, including:

  • Top up your super to boost retirement income
  • Repay your home loan
  • Renovate your home
  • Give to family when they need it most
  • Provide first home buyers deposits for family members
  • Support educational expenses for family members
  • Pay for transport and travel needs
  • Pay for health insurance and medical expenses
  • Pay for in-home care, tailored to meet your needs
  • Fund aged care Refundable Accommodation Deposits or Daily Accommodation Payments

2. What is the interest rate?

Household Capital is pleased to be able to offer its Household Loan at a variable rate of 5.15*% per annum, which is Australia’s lowest rate for a reverse mortgage or equity release product.

As we continue to diversify our sources of wholesale funding, we aim to further reduce the rate and maintain our position offering access to home equity at Australia’s lowest rate.

*The Comparison Rate based on a loan of $150,000 for 25 years is 5.21% per annum. Fees and charges may be payable.

WARNING: 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.

3. 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.

4. Can I renovate my home?

To Live Well At Home ™, the planning of home maintenance and repairs is important. We understand you may need to plan for modest repairs and aged-living upgrades throughout retirement. Your Household Loan can meet the costs involved in performing necessary modifications to improve your quality of life and increase the value of your home.

5. What if I already have a mortgage?

You are required to get appropriate financial advice to determine how best to deploy your home equity to ensure improved long-term retirement funding. A financial adviser can help structure your financial affairs to maximise entitlements to the Age Pension.

6. What can I pass on to my family?

A Household Loan allows you to guarantee a percentage of the future value of your home remains available to you or your estate when it is sold. While no one can predict how much your home will be worth when it is sold, our technology can help you understand how much your loan will increase over time and what this means for the equity in your home.

ASIC’s MoneySmart Reverse Mortgage Calculator can also help you understand how a similar loan would work and the likely value that would remain.

7. Can I still downsize my home?

For some retirees, Living Well At Home might mean moving to a smaller and more manageable property. A Household Loan may (subject to approval) be available on your next home, allowing for any change in home value. You can repay your Household Loan at any time; you can also make partial payments which will reduce the amount you owe and reduce the amount of interest you will have to pay.

8. What if I move to an aged care facility?

If you need to move to a supported aged care facility you may require a capital deposit. You can use a Household Loan to fund a Refundable Accommodation Deposit. At the end of care, the remaining deposit amount is refunded and is allocated to your estate.

9. Can I still rent my house?

As the owner of your home, you are able to supplement your Household Income through renting while you are living in your home. If you move into an aged care facility, you can rent your home for up to two years. If, however, you move out permanently, your Household Loan must be repaid.

10. Should I get financial advice?

You are required to get appropriate financial advice to determine how best to deploy your home equity to ensure improved long-term retirement funding. A financial adviser can help structure your financial affairs to maximise entitlements to the Age Pension.

11. Should I get legal advice?

You are required to get appropriate legal advice to ensure you understand your rights and obligations and to confirm that a Household Loan is right for you.

12. Can I be forced to leave my house?

You own your home and retain the title to your home. The only time your Household Loan will need to be repaid is when you sell or move out of home, are no longer able to live independently at home, or if you commit a serious breach of contract.

13. How does Household Capital get paid?

Household Capital receives an Establishment Fee to cover the costs of putting the loan in place, and interest is charged on the capital drawn from your home. Household Loans have a variable interest rate with no ‘break costs’ or hidden fees.

14. How does a Household Loan work?

A Household Loan is a type of reverse mortgage. Key information is available in the following PDF download: Reverse-Mortgage-Information-Statement.pdf