G&C Mutual BankHome Loan
Retirees Access Home Loan
Offered by G&C Mutual Bank
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Key Product Facts
Variable rate
9.50%
Fixed rate
N/A
Comparison rate
9.60%
Product overview
The Retirees Access Home Loan is a reverse mortgage for retirees to borrow against the equity in their home. Balance of the loan is paid by your estate or when the property is vacated or sold.
Is this product competitive?
There is no single rate or fee that determines whether a financial product is suitable or competitive for everyone. Consider the advertised rate, comparison rate, fees, term, product purpose and eligibility requirements together.
Advertised rate
9.50%
Comparison rate
9.60%
Key product details
- Category
- Home Loans
- Subcategory
- Home Loan
- Purpose
- Unconstrained
- Repayment type
- Interest Only