Work and Income - Web Capture - Residential Care Loan
Work and Income
Official guidance
Official primary
2026-10-08
Next review: 2027-04-01
New Zealand
High confidence
published
Codex research — primary source check
Evidence boundary: Undated living guidance; source update shown as 23 July 2026. Thresholds were checked on 8 October 2026; eligibility and loan obligations require individual assessment.
Short Answer
An interest-free Crown loan secured over a home can help eligible residents fund care while retaining their property, subject to individual approval.
Why it matters
Check subsidy eligibility first, then discuss the loan with your needs assessor and solicitor. Residential Subsidy Unit: 0800 999 727.
Key Points
- •The loan is interest-free and paid to the rest home, with a caveat registered over the home.
- •The source lists a home asset threshold above $300,811 and other assets below $15,000 single or $30,000 partnered.
- •Applicants begin with a needs assessment; approval is considered case by case.
- •Repayment is due when the home is sold or within 12 months after death, whichever comes first.
- •Late repayment may attract 10% annual interest; this is distinct from the interest-free loan during its agreed term.
Full Summary & Notes
An interest-free Crown loan secured over a home can help eligible residents fund care while retaining their property, subject to individual approval.
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Document Details & Metadata
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