FAQs
FAQs about Macquarie Instalment Gearing
- How much do I need to get started?
- How much can I borrow?
- When will my monthly contributions be debited from my bank account?
- Can I suspend my Instalment Gearing plan?
- When do I receive loan statements?
How much do I need to get started?
Your initial contribution can be as little as $1,000, and you then only need to contribute a minimum of only $250 per month. To find out more about minimum loan and client contribution amounts, download the Macquarie Margin Loan brochure (pdf 2Mb).
How much can I borrow?
The amount you can borrow depends on the minimum investment amount for the fund you wish to invest in, which is set by the fund manager, and the Loan to Value Ratio (LVR) that Macquarie has assigned to the fund (generally between 30% and 80% of the total investment). Download the Macquarie Margin Loan Approved Managed Funds List (pdf 125Kb) to view the current LVRs for the approved managed funds.
When will my monthly contributions be debited from my bank account?
Your monthly contribution will be debited from your nominated bank account between the 8th and 12th day of each month (or the previous business day).
Can I suspend my Instalment Gearing plan?
Yes, you can suspend your Instalment Gearing plan at any time by completing an Instalment Gearing Maintenance Form (pdf 52Kb). All changes must be received prior to the 10th of each month, otherwise your request will be processed the following month.
When do I receive loan statements?
You will receive quarterly loan statements for record keeping purposes. You will also have access to view your loan details 24/7 via our secure client website, GearUp.
The Macquarie Margin Loan and Macquarie Instalment Gearing are offered by Macquarie Bank Limited ABN 46 008 583 542, AFSL No. 237502 ("Macquarie"). Full terms and conditions are set out in the relevant loan contracts. Fees, charges and government taxes are payable.