ACCOMMODATION BOND LOAN
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Accommodation Bond Loan criteria that must be met.
Key criteria that must be met:
- You must be aged 60 or over. There is no maximum age limit.
- You must own the property. You may be the sole owner or share ownership with your spouse (some exceptions for trusts or companies).
- You must not still reside in the home. However, the house can be rented out and may have other occupiers living in it. If rented, there must be a formal lease in place that is no more than 12 months in duration and does not take the tenant over the expiry date of the 5 year term.
How much can I borrow?
From $20,000 upwards.
No maximum limit.
Key Features
Find out what an Accommodation Bond Loan delivers and how it protects you.