How much you can get

The loan payment you can get each fortnight under the Home Equity Access Scheme depends on how much pension you get.

Your combined loan and pension payment each fortnight can’t be more than 150% (1.5 times) of your maximum pension rate.

If your pension changes, your loan payments will automatically adjust too. This is so it doesn’t go over the 150% of your pension rate or the payment rate you choose.

If you don’t get a pension you can get up to the maximum amount of the Home Equity Access Scheme as a loan payment.

You can get loan payments until your total loan balance, including interest rates for loans and costs, reaches your maximum loan amount.

Choose your payment amount

You can choose to get your loan payment each fortnight at one of these 3 loan rates:

  • the maximum amount which is 150% of your maximum pension rate each fortnight
  • a smaller percentage
  • a fixed loan amount that you choose.

We’ll automatically adjust how much loan you get whenever your pension amount changes. This will stop your payments going over the 150% cap or your chosen loan amount.

Loan calculator

Use the loan calculator to check any of the following:

  • your maximum loan amount
  • what a loan might look like for you in the future.

Page last updated: 24 January 2022