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Seniors
Live more comfortably in retirement by accessing the equity in your home with a Seniors Access Home Loan
If you’re over 63 years* of age, St.George has a solution that lets you access the equity in your home to live more comfortably. With a Seniors Access Home Loan you can apply to borrow from $10,000 to $250,000 depending on your age, your property's value and its location. So, whether you plan to renovate your home, buy a new car, take an overseas holiday or simply enjoy additional income, we can help you.
This variable rate home loan is secured with a mortgage over your owner-occupied property. Simply borrow against a portion of the equity you have in your home, while still enjoying all the benefits of living there. All applicants must be 63 years* or older and own their home outright.
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Borrow up to $250,000* against the equity you have in your home
Receive the funds in one lump sum or draw down as required
Defer full repayment of the loan until the property is sold or the borrowers no longer live in the home, or all borrowers are deceased
Make voluntary payments toward the loan at any time
How it works
You can take the full amount of your loan in one lump sum, or you can use our Seniors Access Plus option to draw down the money, as you need it. Interest and fees and other charges are debited to the loan account each month. The balance increases over time, and the full repayment of the total amount owing is deferred until the property is sold, the borrowers no longer live in the property or the last of the borrowers dies.
- Available for borrowers over 63 years*. Refer to the table below for details
- Variable interest rate
- Borrow from $10,000 up to $250,000 against the equity in your home*
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Receive the funds in one lump sum or you can request the advance periodically, as you require,1 and use the money for any purpose
- 100% interest offset to help you save interest
- Defer repayment of the loan until the property is sold, or the borrowers no longer live in the home, or all borrowers are deceased
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Make voluntary payments towards the loan at any time
| Age of youngest applicant | Maximum loan amount Melbourne Metro, Sydney Metro, Brisbane Metro, Sunshine Coast, Gold Coast, Canberra Metro, Adelaide Metro and Perth Metro | Maximum loan amount other allowable lending areas |
| 63-64 years | $150,000 or 15% of the value of the property2, whichever is lower | Not available |
| 65-69 years | $150,000 or 15% of the value of the property2, whichever is lower | $150,000 or 15% of the value of the property2, whichever is lower |
| 70-79 years | $200,000 or 20% of the value of the property2, whichever is lower | $200,000 or 20% of the value of the property2, whichever is lower |
| 80+ years | $250,000 or 25% of the value of the property2, whichever is lower | $250,000 or 20% of the value of the property2, whichever is lower |
- Call a home loan expert on 13 33 30 8am - 9pm (AEST), 7 days a week
1. By applying for a Seniors Access Plus Home Loan
2. The value of the property is determined by us.
