MA Money Review (2026): A Broker’s Honest Take
The short version. MA Money is a non-bank lender for people a bank has knocked back for the wrong reasons: the self-employed borrower with BAS but no finished tax return, the buyer with a 10% deposit, the person carrying a default or an ATO debt. It does not credit score and it has no debt-to-income cap. You should expect to pay more than a big bank charges a clean salaried borrower, and the fee amounts are not published. If a major bank will have you on good terms, start there.
General information only, not credit advice. Soren Financial is a mortgage broker. If we arrange a loan with MA Money, or with any other lender, that lender may pay us a commission. It does not change the rate you pay. Every figure below comes from MA Money’s own published pages, checked on 9 October 2026, and lenders change policy without notice.
What MA Money lends on
More than most people expect. It started as a home loan lender and now covers land, bridging, expats, SMSFs and commercial property.
| Loan | Size | Top LVR | Worth knowing |
|---|---|---|---|
| Home loans, full doc and alt doc | $100,000 to $15 million | 90%, no LMI | Terms from 5 to 40 years. Up to 4 offset accounts. |
| Vacant land | $100,000 to $5 million | 80% | Land can be the only security. |
| Bridging | $200,000 to $5 million peak debt | 80% of combined property value | 6 or 12 months. Interest can be capitalised. |
| Expat | $100,000 to $5 million | 80% | Overseas income counted at 100% of net once converted to Australian dollars. |
| Non-resident | $100,000 to $2 million | 80% | FIRB-approved purchases or refinances. No offset or redraw. |
| SMSF | $100,000 to $8 million | 80% | No liquidity or net asset test. No offset, redraw or cash out. |
| Commercial | $100,000 to $8 million | 80% | Up to 30 years, interest-only up to 10. Shops, offices, light industrial, warehouses. |
Source: MA Money loan solutions, checked 9 October 2026. One wrinkle on SMSF: the customer page also quotes 65%, so get the number confirmed for your fund before you rely on 80%.
The four home loan tiers
MA Money sorts every home loan into one of four tiers. The worse the credit file or the newer the business, the lower the tier and the lower the maximum loan-to-value ratio.
| Tier | Top LVR | Credit history it accepts | Self-employed minimum |
|---|---|---|---|
| Prime | 90% | Paid defaults up to $500 in total | ABN for 24 months, GST for 12 |
| Near Prime | 85% | Mortgage arrears up to 1 month in the last 6. Discharged bankrupts. | ABN for 12 months, GST for 6 |
| Near Prime Plus | 85% | Mortgage arrears up to 2 months in the last 6. Discharged bankrupts. | ABN for 6 months, GST registered |
| Specialist | 80% | Unlimited arrears and credit impairments | ABN for 6 months, GST registered |
ATO debt and private-lender debt can be rolled into the loan from Near Prime down. Not on Prime.
What an MA Money loan costs
I am not going to print a rate here. MA Money does not show rates on its public pages, and a number copied from a rate sheet today could be wrong by the time you read this. The rate depends on your tier, your LVR and whether you are full doc or alt doc.
What MA Money does say: there is no annual or monthly fee on any loan. There are application, valuation, legal, offset and discharge fees, and the amounts are not published. Ask for every fee in writing before you sign anything. We do that as a matter of course.
What I like about MA Money, from a broker’s chair
- No credit score and no debt-to-income cap. Plenty of sound borrowers fail a bank on one of those two tests and nothing else. MA Money reads the file instead.
- Alt doc on one document. An accountant’s letter, your last two BAS, or six months of business bank statements, plus a signed declaration of your financial position. No waiting on a tax return.
- 90% with no LMI and no genuine savings rule. A gifted deposit or the proceeds of a sale will do.
- Sensible servicing. Company debts are left out of the calculation. Bonus and commission income is counted in full. Probation is fine.
- It is loosening, not tightening. On 26 August 2026 it lifted the top LVR on Prime loans up to $5 million from 75% to 80%, and doubled the limit in its Category 3 postcodes to $1 million, as Broker Daily reported.
Where MA Money falls short
- Price. Flexible policy is paid for in the rate. A PAYG borrower with a 20% deposit and a clean file will almost always do better at a bank.
- Fees you cannot look up. The amounts are not on the website, so you cannot compare them yourself.
- Postcodes matter. Category 2 locations stop at 80% and $2.5 million. Category 3 stops at 70% and $1 million. The $15 million headline only applies at 65% LVR.
- SMSF home purchases are all but closed. MA Money only takes SMSF residential purchases where the contract is dated before 10 August 2026. Refinances and commercial are still open. For a new SMSF purchase, read our Thinktank review.
- The 40-year term has strings. Purchases only, every applicant aged 40 or under, and loans up to $2.5 million.
- You cannot apply on your own. Applications go through a mortgage broker.
Who MA Money suits, and who it does not
It suits you if you are self-employed with a short trading history, you have a 10% to 15% deposit and want to avoid LMI, you need to clear an ATO debt, or a bank declined you on a credit score or a debt-to-income limit.
Look elsewhere if you are on a salary with a 20% deposit and clean credit, you are buying in a small regional town at a high LVR, or you want an SMSF to buy a house or unit.
Not sure if MA Money fits your scenario? We compare 50+ lenders free — startnow@sorenfinancial.com / 1300 899 819
MA Money questions we get asked
Is MA Money a bank?
No. It is a non-bank lender backed by MA Financial, and it holds Australian Credit Licence 522267. Its loan book was $7.5 billion at 30 June 2026, according to Mortgage Professional Australia.
Can I apply to MA Money directly?
No. Its website says applications are lodged through a mortgage broker. The 60-second loan finder on its site is an eligibility check only.
Does MA Money credit score?
No. Its policy states no credit score, comprehensive credit reporting or debt-to-income requirements. An assessor looks at what happened and why.
Does MA Money charge LMI?
No. Prime loans go to 90% without lenders mortgage insurance. Ask whether a risk fee applies to your loan, because that is how some non-bank lenders price a small deposit.
Will MA Money refinance an ATO debt?
Yes, on the Near Prime, Near Prime Plus and Specialist tiers. Not on Prime.
Where I’d leave it
MA Money is a second-opinion lender. If a bank says yes, take the bank. If the bank said no because of how you earn your money or one bad year, this is one of the first lenders I would put your file in front of. Then I would check the fees.
Written by Mansour Soltani, Director, Soren Financial. Mansour has arranged home loans across the major banks and the non-bank lenders since 2019. Certificate IV and Diploma in Finance and Mortgage Broking Management. FBAA member. Credit Representative 527161 of Finsure Finance and Insurance Pty Ltd, Australian Credit Licence 384704.