Land Loan
MKM will lend against the value of your land or partially built structure, to help owner occupants finish their build.
make it
complete
Key features of the MKM Land loan

Loan Settings
- Maximum LVR 70% Flexi Doc accepted
- Defaults <$3K on Investment or <$5K on OO
- Land must not have a DA for more than 4 units
- We pay an upfront commission of 0.7% with a 0.2% trail

Other features
-
Cash out for any reasonable purpose
- Indicative pricing is as per Land product on the Guide
- We do not clawback

Applicants
- Full Doc – For self-employed we require 1 year’s Tax return OR for PAYG 2 payslips and 3 months personal bank statements
- Flexi Doc – We require either Accountant letter and 6 months business banking statements Or Accountant letter and 2 x BAS
- Discharged Bankrupt > 1 year
- Up to 1 Months arrears
- ABN > 6 Months
What our Land customers are saying
Product Summary
Registered defaults
< $5,000 owner-occupied
Bankruptcy
Discharged > 1 year
Arrears
1 month arrears
ABN & GST
Registered > 6 months
Maximum LVR
Borrow up to 70% of the property’s value
Minimum amount
$100,000
Max Loan – 80% LVR
$1,500,000
Maximum amount
$3,000,000
Maximum term
30 years (subject to expected retirement age)
Minimum term
5 years
Interest structure
Principal & Interest OR Interest Only. Additional terms and conditions apply to Interest Only loans.
Repayment frequency
Weekly, fortnightly or monthly (Interest only is monthly)
Extra payments
Permitted

Ready to take the next step?
One of our Business Development Managers will be happy to speak with you to find a solution that best suits your needs.