REVERSE MORTGAGE LOAN
For 70 years and over; freedom to release the equity in your home without needing to sell.
Home loansBank updated 9 June 2026
At a glance
- Max LVR
- 30%
- Features
- redraw, extra repayments
Rates
The one rate SCCU publishes for this home loan.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | Owner occupied, Interest only | - | - | 7.83% | 7.89% | - |
Features
RedrawExtra repayments
Eligibility and limits
- Minimum age 70
- Residency: Must be an Australian Citizen or permanent resident with an Australian residential address
- Available to individuals
- Amount $20,000 to $250,000
- Maximum LVR 30%
- be an existing SCCU customer
- Meet SCCU assessment criteria
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Published by Southern Cross Credit Union under the Consumer Data Right, last changed by them on 9 June 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.