Over 55 Loans

Xceda specialises in tailored mortgage lending solutions for customers over the age of 55.

Many of our customers over the age of 55 are frustrated by the lack of lending options available to them. At Xceda, we focus on serving this valuable customer base – helping you plan towards or even beyond your retirement.

Key features of our loans tailored to over 55 customers

Loan Purpose

Our loans can be used to suit your needs for any purpose, including:

• Purchasing or refinancing your home or investment property;
• Releasing equity in your home to provide a home deposit for your kids (the “Bank of Mum & Dad”);
• paying for a holiday;  
• funding for a new project or business; or
• any other discretionary spending (such as simply meeting your day-to-day living costs).

At Xceda we realise that many over 55 customers have built up equity in their home or investment properties, so we are here to help you use more of what’s already yours!

Loan Structures

We can provide you with a lump sum payment over a fixed term, or a line of credit that you can draw down whenever you wish. You can tailor the loan that allows you to achieve your goals. 

Interest Rates

From 9.95% to 12.95%. 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 $1,000,000 subject to loan circumstances (e.g. location, eligibility criteria and lending limits).

Loan Terms

Up to 10 years based on your needs. We can tailor the loan repayment date up to your planned retirement date, or beyond if that is preferred.

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).