Pension Loans Scheme - Services Australia

You can choose the amount of loan you get but we don’t pay the PLS as a lump sum.

You must repay the loan and all costs and accrued interest to the Commonwealth. You can make repayments at any time.

You can ask us to stop your loan payments at any time.

You must meet certain requirements to access the Pension Loans Scheme.

You can choose the amount of loan you get each fortnight. This amount can be up to 1.5 times the maximum payment rate of your eligible pension each fortnight.

What to do before you apply

There are things you need to think about before applying for the Pension Loans Scheme.

How to apply

Check if you're eligible before you start your application. You can apply for a top-up of your pension as a loan if you own real estate in Australia.

How to manage your loan

Your options and obligations for the Pension Loans Scheme.

What other services are available

Tools, information and other services we offer.

What information relates

We have other payments, services and subjects to help you with Pension Loans Scheme.

Page last updated: 23 January 2020