MA Money announces spring offering

Non-bank lender MA Money’s new offering is aimed at providing discounts on rates, loadings, and risk fees to better cater to a diverse customer base.

This limited-time promotion will be available for new loans submitted between 20 September 2024, and 1 November 2024, with settlements required by 31 January 2025.

Tim Lemon, national sales manager at MA Money, highlighted the importance of this initiative.

“This is MA Money’s first-ever discount offer in the market, and it was crucial for us to deliver real value across a wide array of customers,” he said.

“By offering reduced rates, loadings, and risk fees, we’re ensuring our broker partners have the tools to provide meaningful solutions to their clients.

“This Spring Offer and our recent policy updates reflect our commitment to helping brokers and customers access flexible and affordable finance options, no matter how unique their circumstances may be. MA Money has the backing and the confidence in our proven ability to deliver the high-quality and flexibility our highly valued brokers and their customers expect.”

The key features of the MA Money Spring Offer include 50 per cent off loadings, with investor and interest-only loading now at 0.15 per cent, as well as loading for loan sizes over $1.5–$2 million being 0.20 per cent.

Additionally, the Spring Offer gives risk-free discounts that include a 0 per cent risk fee for Prime Alt Doc loans of up to 80 per cent loan-to-value ratio (LVR) for loans up to $2 million and a 0.75 per cent risk fee for Prime loans between $2 million and $5 million.

It also includes a reduced rate for Prime Alt Doc loans less than 70 per cent LVR up to $2 million.

In addition to the Spring Offer, MA Money has made several key policy updates to broaden its customer reach.

These include changes to accepted credit impairments under 12 months being increased to $3,000, with defaults over $3,000 accepted if listed over 12 months and paid and up to one-month mortgage arrears now being allowed.

Furthermore, MA Money has extended interest-only terms to 10 years for Prime investor loans less than 80 per cent LVR.

The Spring Offer comes as the non-bank lender announced that it is offering Prime home loans up to $5 million and near-prime loans up to $3 million for qualified borrowers as of 20 August 2024.

[RELATED: MA Money launches new resi large loan offering]

Adrian Suljanovic is a journalist at Broker Daily with more than two years experience reporting on all facets of the third party distribution channel.

Adrian has written for a range of business and finance titles including IFA, Investor Daily and Lawyer’s Weekly before joining the mortgages team in 2022.

He graduated from the University of Wollongong in 2021 gaining a Bachelor of Communication & Media with a major in Digital & Social Media.

E-mail Adrian at: This email address is being protected from spambots. You need JavaScript enabled to view it.