Maturity Loan

Free your equity & live now.

Your home is your largest asset, providing you with security and independence.

The Midlands Maturity Loan is designed to meet your needs, offering the ability to free up equity in your home so you can live life now.

  • Visit loved ones overseas
  • Provide financial support to family
  • Carry out long awaited house renovations; or
  • Forget public waiting lists, get medical care when you need it

We offer a floating interest rate home loan secured by a first mortgage over your home.  The interest rate rises and falls in line with movements in our lending rates.  You are not required to make any interest repayments (interest is added to the loan amount) or reduce the loan principal until the final payment date.

You should take independent advice from a trusted lawyer or financial advisor.

Maturity Loan FAQs

Who can apply?

Any homeowner aged 68+ years with a mortgage-free home worth $200,000 or more.

How much can I borrow?

Up to 20% of the value of your home to a maximum of $100,000.  This can be drawn in full or by instalments of $10,000 increments.

What monthly repayments do I have to make?

None – regular principal or interest repayments are not required.  Interest is capitalised and you only pay Midlands Mortgage Trust when the total loan is repaid.

View all Maturity Loan FAQ's