You can choose the amount of loan you get fortnightly. This amount can be up to 1.5 times the maximum rate of the qualifying pension. We don’t pay this as a lump sum.
You must repay the loan and all costs and accrued interest to the Commonwealth. You can make repayments at any time.
You can ask us to stop your loan payments at any time.
Make an informed decision
There are things you need to think about before applying for the Pension Loans Scheme. These include:
- your current and future financial situation
- the impact of compound interest on the loan
- the repayment of the loan.
Before applying, we recommend you seek independent legal or financial advice.
We also have tools and information to help you manage your money.
You must meet certain requirements to access the Pension Loans Scheme.
You can get a fortnightly loan amount up to 1.5 times the maximum fortnightly payment rate of your eligible pension.
Check if you're eligible before you start your claim. You can claim a top-up of your pension as a loan if you own real estate in Australia.
Your options and obligations for the Pension Loans Scheme.
Tools, information and other services we offer.
We have other payments, services and subjects to help you with Pension Loans Scheme.
Page last updated: 27 June 2019