When you have to pay costs

You’ll be responsible for some of the costs involved with managing your Home Equity Access Scheme loan.

We’ll place a charge or caveat on the property you offer as security for the loan. This is a notice with your state or territory’s land titles office. It says that we have an interest in your property. You’ll need to pay any costs involved with registering and removing the charge or caveat. We’ll add these costs to your loan balance and you can repay them at any time.

Once you start getting loan payments, we’ll send you a letter telling you the costs.

You won’t incur any costs for property valuations.

Keep in mind, we charge interest on the loan balance every fortnight.

Page last updated: 1 July 2022.
QC 54771