Find out if you’re eligible.
The no monthly payments loan for responsible homeowners
Unlock your home's equity or reduce monthly payments, with Midkey’s revolutionary
NO MONTHLY PAYMENTS loan.
NO MONTHLY PAYMENTS loan.
Already know you’re eligible? Apply now
Midkey is the innovative lending solution for smart borrowers of all ages as an alternative to traditional lenders. Our loan has no monthly payments including interest and principal. Pay back Midkey when you are ready or when you sell your home.
What makes Midkey a better solution?
No monthly payments.
We can often offer a solution when other lenders can’t.
Midkey can be used as a first OR second mortgage.
Your loan and all interest are paid only when you sell your home or when you are ready.
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Use your loan however you want.
Available to ages 18+.
Interest does not compound.
Reduce your monthly debt payments.
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How much does it cost?
1
What you pay at the start of your loan
Valuation fees
Establishment and setup fees
2
What you pay during the life of your loan
$0.00 No monthly payments
3
What you pay at the end of your loan
Principal
Simple interest (7.6% p.a.)
Deferral fee
Valuation and Discharge fees
*provided (i) you are not in default under your Midkey loan, and (ii) the loan-to-value ratio of your mortgaged property has not exceeded 100% during the life of your loan.
How can a Midkey loan help you?
Take advantage of financial opportunities or consolidate debt when traditional lenders are unable to help.
Lower your
existing monthly payments
existing monthly payments
Pay off other
debt
debt
Start or grow your business
Navigating
Divorce
Divorce
Pay education
fees
fees
Renovate your property
Buy an investment property
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Buy a bigger
house
house
Help your kids buy a home
Unexpected healthcare
Designed for responsible borrowers
The average credit score of our borrowers is very good.
Innovation doesn’t mean irresponsible.
Innovation doesn’t mean irresponsible.
We’ve already helped manyAustralians unlock their midlife...
" I was asset-rich but stretched and, on my single income, I was unable to borrow enough money from traditional lenders for the extensive renovation this house needs. Midkey was the key to my future and gave me options otherwise not available to me. ”
“We got quick access to cash which didn’t impact our monthly outgoings. It’s so straightforward… it’s just a wonderful way of leveraging the biggest asset that you own”
" Our dream of giving our eldest daughter a lump sum towards her deposit has come true. Instead of buying a one-bedroom apartment, now she can buy a three-bedroom house in a better suburb. ”
" My only other option was to sell and downsize, but I hadn’t planned to do that for another five to ten years. Without Midkey I would have lost my life as it was. ”
" I admit I was sceptical at first, but then I looked online and did my research to understand the business model and it made sense. With Midkey you are paying a small premium to live your life now, for the freedom to do what you want to do now. ”
" By doing that I have reduced the monthly payments on my existing mortgage by more than 50% so now I feel less constrained, freer. It’s for people with a vision … to create a pathway in these times, harness the power of initiative. ”
How much can I unlock?
Add your financial details into the calculator to see how much cash you may be able to unlock with a Midkey loan.
The maximum you can borrow at the start of the Midkey loan is:
30% of your home’s value
When you plan to keep your existing bank mortgage but want more.
Note: Your bank mortgage plus your Midkey loan combined cannot exceed 80% of your home’s value. For example, if your bank mortgage equals 65% of your home’s value, the maximum you can borrow from Midkey is 15% of your home’s value. However, if your bank mortgage equals 20% of your home’s value, the maximum you can borrow from Midkey is still capped at 30% of your home’s value.
35% of your home’s value
When you don’t have an existing bank mortgage on your home.
Calculator details
It takes less than three minutes to check your eligibility, with no risk to your credit score.
Check Eligibility
What Midkey customers have to say
Frequently asked questions
Take a look at the most commonly asked questions.
What is a Midkey “No Monthly Payments" Loan?
How do I qualify for a Midkey “No Monthly Payments” Loan?
How much can I borrow using a “No Monthly Payments” Loan?
What do I pay at the end of a Midkey?
How is a Midkey “No Monthly Payments” Loan different from a traditional home loan?
If I have a Midkey “No Monthly Payments” Loan, who owns my home?
Is Midkey a bank?
What is a Midkey Deferral Fee?
