Equity Release

Xceda provides you the freedom to use more of what’s already yours!

By utilising the existing equity in your home or investment property, Xceda can advance you a lump sum or a line of credit for any purpose.

Key features of an Equity Release Loan

Loan Purpose

Release equity in your existing property (owner-occupied or investment property) for purposes such as:

• paying for a holiday;
• buying a new property (including for your kids as “The Bank of Mum & Dad”);
• funding for your business; or
• any other discretionary spending.

Loan Structure

We can provide you with a lump sum payment or a line of credit, whatever is best for you to achieve your goals. 

Interest Rates

From 9.95% to 12.95% p.a. The actual interest rate will depend on the borrower's circumstances and the information verified during the assessment of a loan application.

Loan Amounts

Loans up to $2,500,000 subject to the circumstances of the loan (e.g. location, eligibility criteria and lending limits). 

Loan Terms

Up to 10 years based on your needs. If you are over 55 years of age, we can tailor the loan repayment date to your planned retirement and beyond.

Loan to Value (LVR)

Borrow up to 80% of the property value.

Repayment Options

Principal and Interest, or Interest Only (up to 2 years - followed by Principal and Interest payments for the remainder of the loan term).