Pension Loans Scheme

Security of the loan

You can get a loan up to the maximum rate of income support payment you qualify for, under the Pension Loans Scheme.

You must use real estate in Australia as security for your loan.

It can be the home you live in or an investment property.

You may also use real estate owned by a private company or trust as security for the loan, if you’re a controller of that company or trust.

If you have more than one property, you can choose which to use as security for the loan.

We’ll register a charge with the Land Titles Office on the title deed of the property you’re using as security. You’ll have to pay any costs associated with registering and removing this charge.

A licensed valuer will value the property. There will be no cost to you.

Don’t forget that the loan payment reduces your equity in the real estate used as loan security.

This information was printed Tuesday 21 May 2019 from It may not include all of the relevant information on this topic. Please consider any relevant site notices at when using this material.

Page last updated: 13 May 2019