REVERSE MORTGAGE LOAN

For 70 years and over; freedom to release the equity in your home without needing to sell.
Category: Home Loans  Last Updated December 10, 2025  Effective December 22, 2025

 General Lending Rates

Rates listed below are for a VARIABLE Owner Occupied Interest Only product. Additional Information
Interest Rate
7.33% PA
Comparison Rate
7.38%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Variations
Product rates and conditions will usually vary based on the LVR and other conditions..
  OWNER_OCCUPIED, VARIABLE, 7.33%
  • Lending Rate Type: Variable
  • Interest Rate: 7.33%, Comparison Rate 7.38%
  • Repayment Type: Interest Only
  • Loan Purpose: Owner Occupied

 Product Features

  • Redraw
  • Extra Repayments

 Product Eligibility

  • Natural Person
  • Residency Status Additional Information: Must be an Australian Citizen or permanent resident with an Australian residential address
  • Min Age - 70.
  • Other Additional Information: be an existing SCCU customer
  • Other Additional Information: Meet SCCU assessment criteria

 Limitations & Restrictions (Constraints)

  • Max Lvr of 30.00
  • Min Limit of 20000.00
  • Max Limit of 250000.00