Features of the Equity Release Loan

 

Competitive interest rate

Click here for the current interest rate

No monthly repayments

Unlike a conventional loan, an equity release loan requires no monthly repayments

You decide how you receive the money

You can have as a lump sum, a monthly income or a combination of both

No negative equity guarantee

VEL guarantee that the loan amount will never exceed the value of your home  

Centrelink benefits need not be affected

An equity release loan will not necessarily affect your pension or other Centrelink benefits. HBF and VEL recommend you seek advice from Centrelink or your adviser.

Peace of mind

VEL are a member of SEQUAL and abide by the SEQUAL code of conduct, protecting your interests
 

  

The Equity Release Loan product is issued by Vision Equity Living Pty Limited (VEL) ABN 57 111 895 473 and distributed by HBF under our Finance Brokers Licence FB3517. The lender for the VEL equity release loans is ABN Amro N.V. Australian Branch. Equity Release Loans are not available in some regional areas and may also be subject to different borrowing ratios and interest rates in locations outside the Perth metropolitan area.

This information is general in nature only and does not take into account your personal objectives, financial situation or needs. You should read the Broker Services Guide – Equity Release Plans and are required to obtain independent financial and legal advice to determine the appropriateness of an Equity Release Loan before proceeding to acquire this product.
 
HBF Financial Services Pty Ltd
ABN18 009 123 675
FB3517