Give Yourself a Hand with a Seniors Money Loan

A Seniors Money Loan provides you with the opportunity to release the value in your home

Receive your funds as a Lump Sum, a Lump Sum with regular payments to you or as a Lump Sum with a future top-up option.

Lump Sum

The entire proceeds of your loan are paid to you all at once; Minimum $15,000

Lump Sum with regular payments to you

Minimum of $15,000 plus:

• Quarterly advance over five years; Minimum $1,000 each advance

Or

• Annual advance over five years; Minimum $5,000 each advance

Lump Sum with a future Top-Up Option

• If you aren’t ready to decide when you want your money, you can take the minimum amount right away and apply to top up your loan at any time in the future
• Minimum $5,000 each advance

In options two and three, there’s no interest payable on the amount of your Seniors Money Loan not yet advanced.

New Seniors Money Loan

When your existing Seniors Money Loan equals the initially approved amount and there is no room for further advances, you may apply for a new loan. Your age and property value will determine the amount available for a new loan — and Seniors Money will reduce the set-up and any other fees payable to Seniors Money (i.e., not Independent Legal Fees) by 15%.