The Home Support Loan assists eligible veterans, widows and widowers with the cost of maintenance and modifications to their own homes, and other housing-related purposes that encourage independent living.
You must be eligible either under the Defence Service Homes Act 1918 , or for a benefit under the Veterans' Entitlements Act 1986 as a result of service with the Australian armed forces or a Peacekeeping Force. The widow or widower of an eligible person may also qualify. (Note — eligible veterans, widows and widowers who have current DSH loans where the balance is more than $10,000 are not eligible for Home Support Loans).
The maximum loan is $10,000 (minimum drawing of $1000) at a capped interest rate of 6.85 per cent per annum and at 1.5 per cent below the market benchmark rate while the benchmark rate is below 8.35 per cent per annum. The maximum term is 25 years.
The Home Support Loan is not portable from one home to another.
Note: If you have an unused Defence Service Homes (DSH) loan entitlement of $10 000 or more, you have to use that entitlement instead of a Home Support Loan. DSH will determine the amount of assistance available and advise accordingly.
For more information:
Contact the Defence Service Homes centre on freecall 1800 72 2000, or
Click on this quick link to read DVA Fact Sheet HAC05, or
Click on this link for a printable PDF version of DVA Fact Sheet HAC05, or
Go to the main DVA Fact Sheet page.
