Unfortunately Maxis Loans is closed to new customers.
If you would like to know what features apply to your existing loan please call us on 131 915.
You can set up a loan for any period from 5 years up to 30 years. Over that period, your repayments are calculated so that in addition to meeting your monthly interest payment, you will be reducing the principal amount outstanding.
Yes, if you have a variable interest rate loan.
There are no additional costs for repaying your variable rate loan early after five years. If your loan was settled prior to 1 July 2011 and you repay your loan within five years, we will charge $900 to recover loan set up costs.
Fixed interest rate loans that are repaid before the end of the fixed rate period may incur a prepayment cost if Maxis Loans incurs a loss due to the early termination of the fixed interest rate period. In this situation, the amount is no greater than the actual cost incurred by Maxis Loans.