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Equity Unlock Loan for Seniors rates and fees

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.

Interest Rate


Residential Equity Rate 7.05% p.a. Comparison rate 7.16% p.a.

Summary of Home Loan interest rates

Establishment Fee

The establishment fee is $950.

Account Service Fee

The monthly account service fee is $12 a month.

What is a comparison rate?

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:

  • Government charges, such as stamp duty or mortgage registration fees
  • Fees and charges associated with certain loan options that may or may not be used by the lender, such as early repayment or redraw fees
  • Fees and charges which may not be available at the time the comparison rate is provided

Important Information:

  • All comparison rates are calculated on the basis of secured credit of $150,000 over a 25 year term. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
  • Applications for finance are subject to the Bank’s normal credit approval. Full terms and conditions will be included in our offer of finance. Other fees and charges are payable.