REVERSE MORTGAGE LOAN

As of 18 September 2026, the Southern Cross Credit Union REVERSE MORTGAGE LOAN's variable owner-occupier interest-only variant has a comparison rate of 7.89% (7.83% advertised), ranking 47th of 68 variable owner-occupier interest-only loans.

7.89%comparison rate p.a.

7.83% advertised · Variable · Interest Only · Owner-occupier

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Rate over time

Comparison rate · Variable · Interest Only · Owner-occupier

REVERSE MORTGAGE LOAN · Variable · Interest Only · Owner-occupier
RBA cash rate

Changes

No changes recorded for this product since tracking began on 12 September 2026.

Rates by variant

Comparison rate · advertised rate

Variable · Interest Only · Owner-occupier: 7.89% comparison · 7.83% advertised

Fees

Application fee: None
Ongoing fee: None
Discharge fee: None
Redraw fee: None

Features

Offset account: No
Redraw: Yes
Extra repayments: Yes
Portable: No
Repayment holiday: No

Eligibility

Minimum loan: $20,000
Maximum loan: $250,000

About this product

For 70 years and over; freedom to release the equity in your home without needing to sell.

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