ACH Group has joined forces with Police Credit Union to allow people to access funds secured in the present day value of their License to Occupy.
The Go Sixty Plus Lifestyle Personal Loan is a unique product based on the equity and financial arrangement with ACH Group.
The scheme is available to residents of ACH Group residential facilities or units under a License to Occupy.
Police Credit Union Senior Relationship Manager Brenda Davidson says the arrangement means people can borrow and have the borrowings secured against the value of their future refund due to them.
“This loan allows you to free up the value in your retirement residence and use it to your benefit, so that the choices become yours,” she says. “It is about helping you to achieve your lifestyle goals and aspirations, whatever they are. It allows you to draw down either as a personal loan in larger amounts for bigger purchases (like a new car or a big holiday), or a line of credit in small, regular amounts (as an income supplement), or you can choose both.”
The borrowing amount is calculated against the investment you have in your lifestyle village. Benefits include:
- Police Credit Union will provide a dedicated, trusted advisor to work with you
- Use the money for any worthwhile purpose
- Opt for lump sum or partial draw downs
- Cash reserve facility for future access
- Very competitive fixed interest rate
- No monthly account keeping fees
- No early termination fees
This type of borrowing is subject to a standard credit contract and standard lending criteria.
If you are interested in obtaining more information or advice, please contact Brenda on (08) 8208 5628 or 0438 859 736 or email firstname.lastname@example.org or ACH Group Real Estate Services Manager Nat Johncock on (08) 8159 3480.
Full details available upon application. Any advice herein does not take into account your personal objectives, financial situation or needs. Please consider your circumstances and the Information Statement available from PCU to decide if the product is right for you. Terms, conditions, fees, charges and lending criteria apply. Find out more here.