Repay your loan
You can repay the loan you get under the Pension Loans Scheme in part or full at any time.
If you want to sell the property used as security for the loan, call us first on the Older Australians line. This is so we can provide the loan payout amount and prepare to remove the charge/caveat on the property.
If you sell the property, you can either:
- transfer the loan to another property including your new home
- repay the loan on the date of settlement.
If there’s an outstanding loan after your death, we’ll generally seek repayment from your estate.
Page last updated: 27 June 2019