Equity Unlock Loan for Seniors is a flexible financing solution if you’re aged 65 years or more. If you own your own home, you may be able to supplement your income without limiting your lifestyle or selling your home.
|Residential Equity Rate||7.30% p.a.||Comparison rate||7.41% p.a.|
The establishment fee is $950.
The monthly account service fee is $12 a month.
A comparison rate helps you identify the true cost of a loan. It takes into account the interest rate, loan set-up costs, the term of the loan, and any other up front or ongoing fees associated with a loan.
When deciding on the loan that suits your particular needs, it's important to consider all features of the loan, not just the comparison rate. For example, features such as the convenience of Internet banking or flexible repayment arrangements are not included in the comparison rate.
It's also important to know that the comparison rate does not include: