Unfortunately Maxis Loans is closed to new customers. However if you are an existing customer we may be able to assist you.
Examples of what existing customers can still do includes switching, splitting and toping up their existing loan. Please contact us if you require further information.
For a standard variable rate, you may be able to top up your existing loan to 90% of the purchase price or Maxis Loans valuation of the property, whichever is the lesser.
The minimum loan amount is $40,000. There is no maximum.
We don't want you to commit to something that could make your situation untenable, so the amount of your loan will depend on your income, financial commitments and ability to repay the loan.
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 choose a variable interest rate loan.
There are no additional costs for repaying your variable rate loan early after five years. If you repay your loan in under 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.
Maxis Loans charges no application fees for home loan top ups.
As an added benefit, Maxis Loans will pay your lenders mortgage insurance up to 80% of the Loan to Valuation Ratio (LVR) of the property. Should you require more than 80% LVR, you will need to make up the difference with a one-off mortgage insurance premium. Our consultants can assist you to calculate this premium.