Suits applicants who have some credit impairment, arrears and receive an income outside of a bank’s rigid criteria.
back on track
Key features of the MKM Near loan
- Rates from 5.10%
- Maximum LVR 75%
- Maximum loan $1.5m at 75% LVR; or $2m at <70% LVR
- We pay an upfront commission of 0.7% with a 0.2% trail
- Cash out acceptable for worthwhile purpose eg. business, purchasing large equipment, franchises etc
- Airbnb and Uber income acceptable, must have 6 months of statements
- We do not clawback
- Up to 3 months arrears
- Discharged bankrupt > 1 day
- Income to be evidenced via Accountant letter with forecasted income declared and a business plan provided by the Accountant
What our Near customers are saying
“I wish I’d found MKM sooner – they looked at all my optionsand put me onto their ‘Near’ loan, that I’m alreadyhalfway through paying off”
“I had to work a few jobs and extra shifts to save my deposit. MKM could see that I could make it work, and gave me their Near loan.”
< $5,000 owner-occupied
Discharged > 1 day
3 month arrears
ABN & GST
1 day ABN
Borrow up to 75% of the property’s value
Max Loan – 80% LVR
30 years (subject to expected retirement age)
Principal & Interest OR Interest Only. Additional terms and conditions apply to Interest Only loans.
Weekly, fortnightly or monthly (Interest only is monthly)
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.