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Factsheet HAC05 - Defence Service Homes (DSH) Home Support Loan


This Factsheet is about the Defence Service Homes (DSH) Home Support Loan, who is eligible and how to apply.

What is the Defence Service Homes (DSH) Home Support Loan?

The Defence Service Homes (DSH) Home Support Loan is a loan of up to $10,000 available to eligible veterans and their dependants to assist with the cost of home maintenance and modifications.

Do I qualify?

You may qualify for the Defence Service Homes Home Support Loan if you are:

· an eligible person under the Defence Service Homes Act 1918 ;

· eligible for a benefit under the Veterans’ Entitlements Act 1986 as the result of service with the Australian Defence Force or a Peacekeeping Force; or

· a surviving partner or dependent parent of a person mentioned above.

You need to access the Defence Service Home Subsidised Home Loan (please see Factsheet HAC01 Defence Service Home Loans ) before you can obtain a Home Support Loan. You are not eligible for a Home Support loan if you have a current DSH loan with a balance of more than $10,000.

What can I do with the loan?

You can use your Home Support Loan to:

· assist with the cost of modifications, repairs or maintenance to your home;

· assist with granny flat accommodation on another person’s property (in this situation, you must

assign the loan to the owner of the accommodation so you also need to apply for a Certificate of Assignment); and/or

· assist with the cost of housing-related purposes that encourage independent living.

Home Support Loans cannot be used to buy or build a house and are not transferable from one home to another.

How much can I borrow?

DSH offers loans of up to $10,000 but the maximum amount you can borrow depends on various factors; for example, the bank’s lending criteria and your ability to meet your instalments and other commitments. The minimum drawing at any one time is $1,000.

The interest rate is a variable rate set on the 5 th of each month. It is set at 1.5% below the average standard variable home loan rate on the last working day of the previous month. It will not exceed 6.85% per annum.

Westpac Banking Corporation provides the subsidised housing loans. First mortgage security is usually required.

What else does this scheme offer?

DSH also offers:

· the opportunity to apply for the remaining balance of your entitlement at any time if you have not borrowed the maximum amount of $10,000; and

Where do I obtain an application form?

You can obtain an application form:

· from your nearest Department of Veterans' Affairs office;

· by phoning Defence Service Homes on 1800 722 000 * ;

· by emailing DSH at;

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