Eligibility

You may be eligible for a loan under the Pension Loans Scheme if:

you are of Age Pension age (or you are the partner of someone who is), and
you have real estate in Australia that you can offer as security for the loan, and
you or your partner receive a part Age Pension, or you would receive a part Age Pension but your rate is reduced to nil because of either the income or the assets test (but not both), and
you are not receiving a reduced rate of pension solely because of a direct deduction (e.g. a reciprocal agreement, proportional portability or compensation), and
you meet the residence requirements for Age Pension.

Note: You can only use real estate owned in Australia—for example, your home—as security for the loan.

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