Home Equity Access Scheme interest rate

3.95%a year

Applies from 1 January 2022
Source: Services Australia
Last verified 11 October 2026

Value: 3.95% a year
Unit: Per cent per year
Applies from: 1 January 2022
Reset cycle: No fixed official review date. It changes when the Government decides.
Official source: Services Australia: Home Equity Access Scheme
Last verified: 11 October 2026, against the official source.

About this figure

Compounds each fortnight on the loan balance. Set by the Minister for Social Services. The rate started under the Social Security (Pension Loans Scheme - Rate of Compound Interest) Determination 2021, which commenced on 1 January 2022, and was remade unchanged by the Social Security (Home Equity Access Scheme - Rate of Compound Interest) Determination 2026.

Change history

Values for this figure, newest first.
Applied from	Value and source
1 January 2022	3.95% a yearcurrentSource: Services Australia: Home Equity Access Scheme
1 January 2020	4.5% a yearSource: legislation.gov.au: Social Security (Pension Loans Scheme - Rate of Compound Interest) Determination 2019

This figure as JSON

{
  "id": "heas_interest_rate",
  "value": 3.95,
  "unit": "percent_per_year",
  "effective_from": "2022-01-01",
  "effective_from_basis": "value",
  "resets": "ad_hoc",
  "source": {
    "publisher": "Services Australia",
    "title": "Home Equity Access Scheme"
  },
  "verification": {
    "status": "verified_primary",
    "checked_on": "2026-10-11"
  }
}

Also in /api/figures.json. Full record: /api/v2/figures/heas_interest_rate.json