A St.George home loan expert will contact you at your preferred time.
Access equity while living in your home
Apply to borrow from $10,000 to $250,000 against the equity you have in your home. Calculate the equity you could access.
Choose how to receive your funds
Choose to make or defer payments
Interest, fees & charges
Interest, fees and charges are debited to your loan account each month, with payment deferred until the property is sold, the borrowers no longer live in the home or all borrowers are deceased
Mortgage Equaliser Offset Feature
A Mortgage Equaliser offset facility is available to help you save interest on your home loan
This information statement will assist you in making a decision on whether a Seniors Access Home Loan or a Seniors Access Plus Home Loan is right for you.
Receive funds as a lump sum
|Seniors Access Plus
Draw down funds as you need them
|Monthly administration fee||$10||$15|
|Other fees and charges apply. See a complete list of fees for loan accounts.|
|Annual variable rate||p.a.|
|You can choose to make or defer payments. Interest, fees and charges are debited to your loan account each month. Learn more about how Seniors Access works.|
St.George assesses the value of your property. Then based on our valuation, you may be eligible to apply for the following amounts:
|Age of youngest applicant||Maximum loan amount for metro regions of Sydney, Melbourne, Brisbane, Canberra, Adelaide and Perth, Sunshine & Gold Coast||Maximum loan amount for other areas|
|63-64||$150,000 or 15% of the value of the property, whichever is lower||Not available|
|65-69||$150,000 or 15% of the value of the property, whichever is lower||$150,000 or 15% of the value of the property, whichever is lower|
|70-79||$200,000 or 20% of the value of the property, whichever is lower||$200,000 or 20% of the value of the property, whichever is lower|
|80+||$250,000 or 25% of the value of the property, whichever is lower||$250,000 or 25% of the value of the property, whichever is lower|
ASIC's MoneySmart calculator will assist you in determining how much the equity in your home will be effected over time after taking out a Seniors Access Home loan or a Seniors Access Plus Home Loan.
|Seniors Access||Seniors Access Plus|
|Key feature||Receive funds as a lump sum||Draw down funds as you need them|
|Monthly service fee||$10||$15|
Considering a Seniors Access Home Loan?
You may be considering a “reverse mortgage” home loan for some good reasons:
Talk to your lawyer, accountant or financial adviser
It’s perfectly understandable that you might want to enjoy your retirement more. You’ve paid for your home loan through your own hard work, and using some of the equity in your home can be a strategy to supplement your income.
When you make your decision, try to balance your quality of life now with your thoughts about bequeathing your home to someone after your death.
There may also be other options that suit you better, such as selling your home and moving to another location.
It’s best to talk to a professional for some clear, non-biased advice. We suggest you discuss your options with your lawyer, accountant or financial adviser.
If we can help in any way, you can talk with one of our home loan experts on 13 33 30 or drop by any St.George branch.
Enquire now and a St.George home loan expert will call at your preferred time
13 33 30. A St.George home loan expert will answer your questions about Seniors Access.
Visit a branch
You can apply at any St.George branch
Conditions, fees and credit criteria apply.
View the terms and conditions:
Please read these documents and keep a copy. You can request a paper copy at a branch.
The information on our website is prepared without knowing your personal financial circumstances. Before you act on this, please consider if it’s right for you. If you need help, call 13 33 30.
1Other upfront fees and costs may be payable.
2The comparison rate is based on a loan of $150,000 over a 25 year term. Where a fixed rate term applies, after the fixed rate period expires the interest rate will revert to the relevant Standard Variable Rate. 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.