Heartland Group Holdings Launches Retirement Home Access Loans

MT Newswires Live

2025/03/31

Heartland Group Holdings (ASX:HGH, NZE:HGH) launched its Village Access Loans product for New Zealanders aged 60 years or older, according to the firm's website.

Eligible borrowers must have a minimum property value of NZ$250,000 and they can borrow up to 50% of their house's value to buy an occupation right in a retirement village.

Interest is calculated on the outstanding balance and added monthly to the loan, and the total loan amount, including accumulated interest, must be repaid within three years.

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