Legal Terms & Conditions

1. About The Mortgage Club
2. Eligibility
3. Membership
4. Entries & the monthly draw
5. Prizes & payment
6. Referral program
7. Partner discounts
8. Draw continuation
9. Member conduct
10. Liability
11. Changes to these terms
12. Contact us

The Mortgage Club is a mortgage broking and member rewards program operated by The Mortgage Club Network Pty Ltd (ABN 65 697 795 369)’s clients are proudly managed by Hero Finance Pty Ltd, a credit representative (CRN 486452) of Beagle Finance Pty Ltd T/A Loankit (Australian Credit License Number 383640), under the Finsure Finance & Insurance Pty Ltd aggregation group. Our registered address is 34 Church St Ryde NSW 2112.

The Mortgage Club provides home loan refinancing services and, as a benefit to settled clients, operates a monthly prize draw and access to partner discount programs. Participation in the draw is a benefit of being a client — it is not a financial product, investment, or gambling service.

To be eligible for The Mortgage Club membership and prize draw, you must:

• Be an Australian resident aged 18 years or older
• Have a home loan that has settled through The Mortgage Club
• Maintain an active loan with The Mortgage Club at the time of each draw
• Not be an employee, contractor, or immediate family member of The Mortgage Club or its related entities

Membership is currently available for refinance loans only. Home loans will be added in a future phase.

Membership in The Mortgage Club is automatically granted upon settlement of an eligible home loan. There is no additional fee, subscription, or opt-in required to become a member.

Membership remains active for as long as your loan is held with The Mortgage Club. If your loan is discharged, refinanced away, or transferred to another lender, your membership and associated draw entries will be deactivated.

Members will be provided with login credentials for the member portal, where they can view their entry numbers, draw history, referral status, and access partner discounts.

The member portal is protected by two-factor authentication (2FA). Members are responsible for maintaining the security of their login credentials. All member data is hosted on Australian servers.

4.1 Entry allocation

Members receive one (1) permanent draw entry for each loan application that settles through The Mortgage Club. A member with four settled applications holds four entries. Entries are assigned a permanent number that does not change.

Each entry is independent. Holding multiple entries does not reduce any other member’s odds — every entry in the draw pool maintains its own individual probability of selection.

The Mortgage Club reserves the right to determine the allocation of entries across draw pools at its absolute discretion. Multiple entries held by a single member may be spread across two or more concurrent draw pools. No member is guaranteed to have all of their entries placed within the same draw pool. This allocation method is designed to maintain the fairness and integrity of the draw for all participants.

4.2 Draw structure

The monthly draw is conducted on the last day of the calendar month. The draw is conducted live and streamed on The Mortgage Club’s website, Facebook, and TikTok.

The draw pool is capped at 360 entries per draw. Where membership exceeds 360 active entries, additional draw pools are opened. Every entry participates in a pool of no more than 360 entries, ensuring consistent odds for all members.

The draw is conducted using a fully random number selection system. No individual, employee, or third party can influence the outcome.

4.3 Prize pool scaling

The prize pool scales with membership as follows:

• Up to 359 active members: $10,000 per month, 1 winner
• 360–719 active members: $20,000 per month, 2 winners
• 720–1,079 active members: $30,000 per month, 3 winners
• For every additional 360 active members thereafter: prize pool increases by $10,000 and one additional winner is added

4.4 Early registration bonus draw

The first 500 individuals to register their interest prior to the official launch date will be entered into a one-off bonus draw for an additional prize of $5,000, drawn on the official launch date. This bonus draw is separate from and in addition to the regular monthly draw.

All prizes are paid in Australian dollars (AUD) directly to the winner’s nominated Australian bank account. Prizes are not transferable, exchangeable, or redeemable for any other form of consideration.

Winners will be contacted by The Mortgage Club within 48 hours of the draw via the contact details provided at the time of registration. Prize payment will be made within 2 business days of the winner’s identity and bank details being verified.

Winners consent to The Mortgage Club publishing their first name, state of residence, and prize amount on The Mortgage Club website and social media channels for promotional purposes. Winners may request to remain anonymous, which will be accommodated where reasonably practicable.

5.1 Tax

The tax treatment of prize winnings is the sole responsibility of the winner. The Mortgage Club does not provide tax advice. Winners are encouraged to seek independent advice from a qualified tax professional regarding any tax obligations arising from prize receipt.

5.2 Christmas annual draw

The Mortgage Club may, at its discretion, conduct an annual major prize draw in December each year. The nature, value, and eligibility criteria of this draw will be communicated to members in advance. The annual draw may include prizes sponsored by or provided by partner brands.

5.3 Spot Draws

The Mortgage Club may, at its discretion, conduct spot draws. The nature, value, and eligibility criteria of this draw will be communicated to members in advance. The annual draw may include prizes sponsored by or provided by partner brands.

Members may refer friends, family members, or associates to The Mortgage Club. A referral bonus entry is awarded when:

• The referred person is a new client of The Mortgage Club (not an existing member)
• The referred person’s loan application settles through The Mortgage Club
• The referral is attributed to the referring member via their unique referral link or permanent entry number

One bonus entry (valid for three (3) months only) is awarded per settled application of the referred person. If the referred person settles three applications, the referring member receives three bonus entries.

Referral bonus entries are active for the next draw following the referred loan’s settlement. Bonus entries remain active for three (3) months only, as long as the original member holds an active loan with The Mortgage Club.

There is no limit on the number of referrals a member can make. Referral bonuses may not be exchanged for cash or any other consideration.

The Mortgage Club reserves the right to investigate and disqualify referrals that appear fraudulent, self-referential, or in violation of these terms.

Members receive access to a directory of partner discount offers as part of their membership. These discounts are provided by third-party partner brands and are subject to the terms and conditions of each respective partner.

The Mortgage Club does not warrant the accuracy, availability, or ongoing validity of any partner discount. Partner offers may be added, modified, or removed at any time without notice.

The Mortgage Club is not responsible for any loss, damage, or dissatisfaction arising from a member’s use of a partner discount. Any disputes regarding partner offers should be directed to the relevant partner brand.

Partner brands may pay The Mortgage Club for featured or exclusive placement within the member discount directory. This commercial relationship does not affect a member’s ability to access standard listed discounts.

The monthly draw is funded from trailing commission income received by Hero Finance Pty Ltd from lenders in respect of settled loans held by members. The draw will continue for as long as The Mortgage Club receives sufficient trailing commission income to cover the prize pool and associated operating costs.

The Mortgage Club reserves the right to suspend, reduce, or discontinue the monthly draw in the following circumstances:

• Trailing commission income is insufficient to fund the prize pool
• The Mortgage Club ceases to operate as a business
• Regulatory or legal requirements prevent the draw from continuing
• Force majeure events beyond The Mortgage Club’s reasonable control

In the event of suspension or discontinuation, The Mortgage Club will provide members with at least [30] days’ written notice where reasonably practicable. Members have no legal entitlement to continuation of the draw beyond what is expressly stated in these terms.

Members must not:

• Attempt to manipulate, tamper with, or gain unfair advantage in any draw
• Provide false or misleading information during registration or the referral process
• Share, sell, or transfer their entry numbers or referral credits to any other person
• Use The Mortgage Club’s brand, name, or materials without prior written consent
• Engage in any conduct that may bring The Mortgage Club into disrepute

The Mortgage Club reserves the right to disqualify any member and void their entries if a breach of these conduct requirements is reasonably suspected or established.

To the maximum extent permitted by law, The Mortgage Club excludes all liability for any loss, damage, cost, or expense arising directly or indirectly from participation in the draw, use of the member portal, or reliance on any information provided by The Mortgage Club.

Nothing in these terms limits any rights you may have under the Australian Consumer Law or other non-excludable statutory rights.

The information provided on The Mortgage Club website is general in nature and does not constitute financial, legal, or tax advice. You should seek independent professional advice before making any financial decisions.

Continued participation in The Mortgage Club after the effective date of any changes constitutes acceptance of the updated terms.

The most current version of these Terms & Conditions is always available at themortgageclub.com.au/terms.

For any questions, concerns, or complaints regarding these Terms & Conditions or The Mortgage Club generally, please contact us::

• Email: hello@themortgageclub.com.au
• Phone: 130022CLUB
• Post: The Mortgage Club, 34 Church Street, Ryde NSW 2112

Mortgage Club Network Pty Ltd
ABN 65 697 795 369

Managed by Hero Finance Pty Ltd
ABN 46 611 454 392

Privacy policy last updated 18 August 2026.