All M+ loans are fully featured, which means they come with items such as offset accounts and redraw facilities. M+ doesn't charge you extra for these features, as some lenders do, because there is no need to.
M+ does not charge you annual or yearly fees. Did you know a $10 per month account keeping fee adds an additional $120 per year to your loan and adds an additional .04%^ to your interest rate.
Specific features of an M+ loan will depend on the product you choose and will include some of all of the following:
Up to 100% off your private health cover
25 cents per litre off your fuel purchases*
No Annual Package Fee
No Service Fees
No Account Keeping Fees
No minimum redraw amount conditions
Additional benefits of an M+ property loan include:
REDRAW OFFSET FUNCTIONS
By placing extra funds into your loan account, in addition to your minimum repayment, you will offset the interest on your loan. These funds are available at anytime for you to redraw at no additional charge and with no minimum withdrawal.
EASY ACCESS TO YOUR MONEY
M+ gives you easy access to funds in your redraw account through a combination of debit card, MasterCard, VISA debit card, ATM access, EFTPOS, Internet Banking, Telephone Banking, BPAY® and cheque accounts depending on the loan product you choose.
CONSTRUCTION LOANS
With the M+ Triumph loan you can borrow up to 95% for the construction of your dream home or an investment property.
UNDERSTANDING AND SAVINGS FOR SMALL BUSINESS
M+ offers small business the same rates if offers all property purchasers - we don't stack our rate just because we can. We understand small business and work with you to succeed. Small businesses are also entitled to M+ benefits.
FLEXIBILITY FOR THE SELF EMPLOYED
M+ Freedom and Breeze loan options allow you to obtain low or no documentation loans and borrow up to 80% hassle free without tax returns.
UNLIMITED DEBT CONSOLIDATION
M+ will assist you to get off of the credit card/personal loan merry-go-round. We can help you free up your cash flow by consolidating all your debts into one easy home loan payment and you get to choose one of our unique benefits. There is no limit to the number of debts you can consolidate with M+.
* discount / subsidy is determined by your loan amount and purchase limits apply.
Normal lending criteria apply. Full details of all terms and conditions are available on application. These may be varied, or new terms and conditions introduced, in the future.
^based on a $250,000 loan over 30 years
