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Loans and insurance

House loans and insurance

Eligible veterans, ADF personnel and their dependants may be able to access three types of DVA home loan subsidy schemes. Benefits which may be available include subsidised housing loans, home support loans and associated insurances. Eligibility for each scheme is dependent upon your qualifying period of service.

House insurance—Defence Service Homes Insurance

The Defence Service Homes Insurance (DSHI) Scheme offers a range of home, contents and other insurance policies to eligible veterans and ADF personnel or their widow/widowers.

More information is available on the DSHI Scheme website.

Defence Home Ownership Assistance Scheme

The Defence Home Ownership Assistance Scheme (DHOAS) is a home loan subsidy scheme available to current and former ADF members who served on or after 1 July 2008, and completed a qualifying period of service and accrued sufficient entitlement and have served in the ADF within the last two years

More information is available on the DHOAS website.

Defence Service Homes Scheme

The Defence Service Homes (DSH) Scheme is available to former ADF members who completed a qualifying period of service before 15 May 1985 or served in Namibia between 18 February 1989 and 10 April 1990.

More information is available on the DSH website.

The Defence Home Ownership Assistance Scheme

The Defence Home Ownership Assistance Scheme (DHOAS) is available to former ADF members who enlisted on or after 15 May 1985, and separated from the ADF before 1 July 2008.

More information is available on the DHOAS website.

Pension loans and advances

If you are eligible for service pension and you meet certain criteria, you may be eligible for the Pension Loans Scheme. The Pension Loan Scheme (PLS) is a voluntary reverse equity mortgage that offers older Australians an income stream to supplement their retirement income. It provides fortnightly income payments at a reasonable rate of interest to people who receive an income support pension, or do not receive any income support pension because of the income and assets tests.  For more information on the Pension Loans Scheme see Factsheet IS116 – Pension Loans Scheme

If you receive a pension from DVA and require additional funds for any purpose, you might be able to get some of your pension paid in a lump sum advance.

More information about pensions and compensation is available.

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