MA Money extends spring offer through to summer

Non-bank mortgage lender MA Money has announced that its Spring Prime loan discount offer has been extended into the new year and rebranded as a “Summer Special”.

The new promotion will run until 31 January 2025, providing brokers and their clients with further discounts and the removal of the risk fee for Prime loans ranging from $2 million to $3 million.

The Summer Special applies to loans submitted between 1 December 2024 and 31 January 2025 and settled by 30 April 2025.

MA Money national sales manager, Tim Lemon, said the decision to extend the offer into a Summer Special reflects the company’s ongoing commitment to providing exceptional value to brokers and clients.

“This extended promotion continues to deliver exceptional value to brokers and their clients, with rate discounts and risk fee and loading reductions, designed to make financing more accessible,” he said.

Lemon highlighted the advantages of extending the offer, saying: “Extending our Spring Offer into the Summer Special ensures that brokers can continue delivering outstanding value to their clients.

“Coupled with our new 1 per cent buffer policy for Prime refinances, we’re reinforcing our commitment to flexibility and innovation in lending.”

The policy update also underscores MA Money’s commitment to refining its offerings to support brokers in meeting their clients’ needs. The new policy excludes loans involving cash out or debt consolidation.

The Summer Special highlights:

• Rate discounts:
o 7.14 per cent rate for Prime Full Doc and Alt Doc loans up to 80 per cent LVR and $2 million.

• Risk fee discounts:
o No risk fee for Prime Alt Doc loans up to 80 per cent LVR and $2 million.
o No risk fee for Prime loans between $2 million and $3 million.
o 0.75 per cent risk fee for Prime loans between $3 million and $5 million.

• 50 per cent Off Loadings:
o Investor and interest-only loadings reduced to 0.15 per cent.
o Loan size more than $1.5–$2 million loading reduced to 0.20 per cent.

Effective 1 December 2024, a 1.01 per cent buffer will apply to refinancing applications for Prime loans (P&I to P&I only), simplifying the refinancing process and improving accessibility for eligible clients.

New milestone reached

Shortly following the extension of the offering, MA Money announced that it has hit $2 billion in loans under management, doubling its loan book in nine months.

Joint CEO of MA Financial, Chris Wyke, attributed MA Money’s growth to investments in “advanced systems and process optimisation” that has allowed 48-hour turnarounds to conditional approval.

“2024 has been a defining year for MA Money,” Wyke said.

“This $2 billion milestone and our overall success is a testament to the exceptional efforts of our high-performing team and our commitment to delivering innovative solutions for brokers and borrowers.

“Doubling our loan book in just nine months is a phenomenal achievement, and it reflects the strength of our service offering and the trust placed in us by our broker partners.

“We’ve invested heavily in technology and streamlined processes to ensure we provide a seamless experience for our brokers and their clients.

“Our success is built on the back of listening to brokers, responding to their needs, and continuously improving our products. We’re always looking for ways to deliver more value and flexibility.”

[RELATED: Non-bank extends spring offer following broker demand]

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.