Aged Care Finance
- RAD / RAC lump sums
- DAP / DAC daily payments
- Care at home
Book a meeting or call us now to discuss your options.
The care decision is hard enough. The finance shouldn’t be.
Best Interests Duty
Mortgage brokers are legally required to act in your best interests. Banks are under no such obligation.
Established 2001 · Multi-award-winning · Australian Credit Licence 538623
Established 2001
More than two decades in finance
Australian Credit Licence 538623
Licensed in our own right
Multi-Award-Winning
Established and recognised
Three Ways We Can Help
We focus on the finance behind the care decision: what needs to be paid, when it is due and how the family may be able to fund it.
RAD / RAC
Funding the Lump Sum
The need: A lump-sum payment for a residential aged care room.
How we help: We look at bridging finance, equity release or restructuring existing lending, so the lump sum can be paid without a rushed decision about the family home.
DAP / DAC
Funding the Daily Payment
The need: Ongoing daily accommodation payments, instead of or alongside a lump sum.
How we help: We look at lending structures, such as equity release, that can support ongoing daily payments alongside the family’s broader circumstances.
Care at home
Funding care at home
The need: Funding for additional support, private care or modifications at home.
How we help: We look at equity release and reverse mortgage options that can fund care and home modifications, so the person can stay where they want to be.
Until the lump sum is paid, a daily payment is charged on the unpaid balance, so the funding plan matters from day one.
Every family situation is different.
“ Mum has been offered a room and we need to fund it.
“ We don't want to make a rushed decision about the family home.
“ I'm acting under Power of Attorney for my parent.
“ Dad needs to remain in the family home.
“ The aged care payment is due soon and we don't know where to start.
“ We need help funding care at home.
“How are we going to fund this?”
You're in the right place.
You don't need to know how to finance it.
That's our job.
Tell us what needs to be funded, when it is needed and what's happening with the family. We'll help you work through the finance options.
We'll help you understand:
- What needs to happen next
- What information is required
- What funding may be possible
- What the process looks like
- What the likely timeframes are
Our Approach
The Key Choice CARE Framework
Clarify
We understand what needs to be funded, the timeframe and your circumstances.
Advise
We assess the available options and recommend an approach based on your position.
Execute
If you proceed, we manage the finance process through to settlement.
Review
We remain available as circumstances change and future funding needs arise.
Working Together
Finance is one part of the aged care decision.
We can work as part of your professional team.
Aged care decisions can involve more than finance. Key Choice can work alongside some or all of your existing professional advisers, each bringing their expertise to your situation.
Key Choice Lending
Finance
Assess and arrange finance to help fund aged care payments.
Your Financial Planner
Overall Financial Strategy
Your broader financial position, investments, superannuation and financial strategy.
Your Aged Care Adviser
Care Options & Costs
Care options, providers, accommodation and the costs of care.
Your Accountant
Tax
Taxation and the financial implications of different decisions.
Your Solicitor
Legal
Powers of Attorney, estate planning and relevant legal matters.
Already have some or all of these advisers? We can work with them.
Don't have a full professional team? We can still help with the finance.
Key Choice Lending is not a financial adviser.
Helpful Information
Frequently Asked Questions
Refer Someone
Know someone asking,
“How are we going to fund this?”
Family member, friend or client — we're here to help.
For professional advisers: You retain the relationship. We handle the finance.
Refer SomeoneReady to work through your funding options?
Start with a conversation about your circumstances.
Your first meeting is an Aged Care Funding Review. In 30 minutes you’ll know:
- which funding options are realistic
- what each one costs
- which documents we need
- what happens next
There’s no cost for this first meeting. Bring the accommodation agreement if you have it. That’s all we need to start.
You make the care decision.
We'll handle the finance complexity.
Established 2001 · Multi-award-winning · Australian Credit Licence 538623