The no monthly payments loan for responsible homeowners
Unlock your equity, reduce your monthly outgoings, or boost your buying power.
Your Midkey Journey
Everything you need to know, in just 4 steps.
*Subject to terms and conditions. Additional repayment triggers may apply.
What our borrowers have to say
Why Midkey is different
Traditional Home Mortgage
Reverse Mortgage
Unregulated Loans
Bridging
Loans
No monthly payments
Looks at more than just your income
Long/no loan term
Available in addition to an existing mortgage
Welcomes a broad range of borrowers (18+)
Simple* accruing interest
Cheap loan option
*Click here to learn more about ‘simple vs compounding’ interest.
Availability depends on lender and loan terms.
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.
Learn more
This calculator is provided for illustrative purposes only.
1 The actual amount available to you will only be provided once you have completed the Midkey application process.
2 This is the outstanding balance of your first mortgage home loan
3 This is an estimate of your monthly payment on your first mortgage home loan (being the monthly principal payment and the monthly interest payment). This estimate is provided for illustrative purposes only because the amount of your monthly payment depends on the terms of your first mortgage provider's loan agreement. Our estimate uses an interest rate of 6% per annum and assumes a remaining loan term of 27 years (on a 30-year first mortgage home loan). This amount does not include any fees you pay for your first mortgage home loan.
4 This is the amount you would owe under your first mortgage home loan if you reduced the current amount using proceeds from your Midkey loan.
5 Your Midkey loan would need to be approved by us.
6 All the principal and interest payments for a Midkey loan are paid at the end of the loan and there are no monthly fees.
1 The actual amount available to you will only be provided once you have completed the Midkey application process.
2 This is the outstanding balance of your first mortgage home loan
3 This is an estimate of your monthly payment on your first mortgage home loan (being the monthly principal payment and the monthly interest payment). This estimate is provided for illustrative purposes only because the amount of your monthly payment depends on the terms of your first mortgage provider's loan agreement. Our estimate uses an interest rate of 6% per annum and assumes a remaining loan term of 27 years (on a 30-year first mortgage home loan). This amount does not include any fees you pay for your first mortgage home loan.
4 This is the amount you would owe under your first mortgage home loan if you reduced the current amount using proceeds from your Midkey loan.
5 Your Midkey loan would need to be approved by us.
6 All the principal and interest payments for a Midkey loan are paid at the end of the loan and there are no monthly fees.
Explore our borrower stories
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What you’ll pay, and when you’ll pay it
Start of the loan
Valuation fees
Establishment and setup fees
During the loan
Nothing
Payments may be required if you either default on your Midkey loan, default on any priority debt, or your Midkey loan exceeds 100% LVR – see our FAQs for more details.
Start of the loan
Principal
Payments may be required if you either default on your Midkey loan, default on any priority debt, or your Midkey loan exceeds 100% LVR – see our FAQs for more details.
Deferral Fee
Payments may be required if you either default on your Midkey loan, default on any priority debt, or your Midkey loan exceeds 100% LVR – see our FAQs for more details.
Valuation and Discharge Fees
Simple interest
Owner-occupied House
Simple interest rate1
7.35%
Comparison Rate2
4.41%
Investment House
Simple interest rate1
7.35%
Comparison Rate2
4.41%
Apartment
Simple interest rate1
7.35%
Comparison Rate2
4.41%
See if Midkey is right for you
1
2
3
Property Type
Owner-occupied house
Investment house
Apartments
Payments may be required if you either default on your Midkey loan, default on any priority debt, or your Midkey loan exceeds 100% LVR – see our FAQs for more details.
Sufficient Equity
You must have at least 20% usable equity in your owner-occupied house, or 25% for an investment house or apartment.
4
5
6
Type of Home Loan
If you have an existing mortgage, it must be a standard ‘principal plus interest’ home loan.
Australian Citizenship
You are an Australian citizen over the age of 18.
Final Approval
Your application is subject to Midkey’s loan assessment and final approval.
It’s simple. We’re here to help, whenever you’re ready.
Take your time, we’ll be here with helpful tools whenever you’re ready to act.
Or call us on 1300 643 539. No pressure, just help.

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