More information
Features
Accounts to suit your needs – with a Macquarie Classic loan you can have two loan accounts. You can choose different features for each account including fixed or variable interest rates, and principal and interest or interest only accounts.
Flexibility to make additional repayments – you can make additional repayments on variable loans. For fixed loans you can make additional repayments of up to five per cent each year. Redraw is also available.
Get help from your family – Family Guarantee allows an immediate family member to support your application for a home loan. This is done using the equity in their own property via a limited guarantee+++.
Suitable for building or renovating your home – funds can be used to build your home on new or existing land, or to renovate your existing home.
No account management fee - a Macquarie Classic loan has no account management fees.
Banking with Macquarie
Convenient access – via phone and internet banking.
Credit card option – as part of the Classic loan a Macquarie Visa RateSaver Card** offers you a competitive interest rate and the flexibility of up to 55 days interest free on purchases†.
Rates and fees
Variable interest rates - effective 1 June 2013
Fixed rates - effective 1 June 2013
Fixed rates only apply to Classic, Premium Optimum and Line of Credit Optimum products.
At the end of the fixed rate period, the interest rate will revert to either 0.91% discount off the SVR if LVR ≤ 80%, or 0.86% discount off the SVR if LVR > 80%, being the current standard discounted rates. Free rate lock for 1, 2 and 3 year fixed rates until 28 June 2013.
For Macquarie Bank Mortgage Solutions fixed and credit card rates see our rate card.
Take advantage of no application fees on Macquarie's Classic loan
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No application fee
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Additional 0.10% life of loan discount for a single loan greater than $1million~~.
Other fees and charges apply. Please see the fees and charges guide for full details.
Frequently asked questions
Finding the right home loan
What is an offset sub-account?
An offset sub-account is a feature available on the Macquarie Premium loan. It may help you to pay off your loan sooner. An offset is an account that can be used for your everyday transactions. The funds in the offset can be accessed using your Cashcard or via online banking. When interest is calculated on your loan the funds in the offset account are offset against your loan balance. This means you can save on the amount of interest you pay but still have the convenience of being able to access your funds if you require them.
What if I don’t have enough saved for a deposit?
One option to consider is Family Guarantee. It is available on the Macquarie Classic loan . It allows an immediate family member to support your application for a home loan. This is done using the equity in their property via a limited guarantee+++.
What is a global borrowing limit?
The global borrowing limit is a feature available on the Macquarie Line of Credit. It gives you the flexibility to access funds as you pay down your loan. With a global borrowing limit you are in control. Once you have sufficient funds available within your global facility, if you want to access those funds for other purposes you don’t have to apply for an additional loan or request permission to move money between loan accounts.
Applying for a home loan with Macquarie
How do I apply for a loan?
It’s easy to apply now for a Macquarie home loan. Call us now on 1800 245 555 to apply over the phone or use the Request a call button on this page and we will call you to discuss your needs.
Can I apply for a home loan in a company name or family trust?
Our home loan solutions are designed to be flexible and our team understands company and family trust structures. Speak to one of dedicated mortgage specialists on 1800 245 555 about your needs.
Managing your Macquarie home loan
How is interest calculated and charged?
The interest on your loan account is calculated daily and charged to your loan on the first business day of each month.
How can I increase the size of my loan?
If your home loan is less than 80 per cent of your property’s value and you have met your regular repayments, you may qualify to increase the size of your loan. Call our Client Service Team on 1800 007 722 to discuss your needs.
Can I redraw funds from my variable interest rate loan?
If you have deposited more than the minimum repayments into your variable interest rate loan account, you are able to redraw those funds whenever you like. Your available redraw amount appears on your loan statement, and is also listed in the ‘Account profile’ section on our internet banking service. Please note, if your account goes into arrears you will not be able to access redraw.
How do I change from a variable interest rate home loan to a fixed rate home loan?
Fixed terms of between one and five years are available^^. Once selected the interest rate will not change during the specified period. Contact our Client Service Team on 1800 007 722 for more information.
What’s the difference between principal and interest and interest only?
With a principal and interest loan, a borrower repays both the principal and interest over the term of the loan. By contrast, with an interest only loan the borrower repays only the interest during the specified interest only period and then principal and interest until the end of the loan term.
Can I split my home loan into fixed and variable accounts?
Macquarie’s range of products gives you the flexibility to have more than one loan account. You can determine what portion of your loan is fixed or variable and set up your loan accounts accordingly.
When will I receive my statement?
Classic and Premium loans: January and July
Line of Credit loans: Monthly
Where can I view details about my loan?
You can view details about your home loan using Macquarie’s internet banking website called myHome. You will need your Macquarie Access Code (MAC) and PIN to access myHome. Please contact our Client Service Team on 1800 007 722 if you require assistance.
Can I access my loan details using phone banking?
To use phone banking, simply call 13 43 53 and follow the voice prompts. You will need your Macquarie Access Code (MAC) and PIN to use phone banking. Please contact our Client Service Team on 1800 007 722 if you require assistance.
Which ATMs can I use for free?
To avoid unnecessary transaction fees when using ATMs, you should use ATMs that are part of the Macquarie Bank Mortgage Solutions home network. ATM transactions are free and unlimited when you use an ATM on the home network. The home network includes any Westpac, St George or Bank of SA branded ATMs. If you need to use an ATM which is not part of the home network, Macquarie Bank Mortgage Solutions does not charge for this. You may, however, be charged directly by the ATM owner at the time of the transaction. To avoid this, it’s best to use the ATMs within the home network.
What should I do if I experience difficulties making repayments?
If you’re having difficulties making your repayments, please call us immediately on 1300 651 393. We can then work with you to help you meet your obligations. We can also assist you with completing a hardship application if required. Please note, if your account goes into arrears you will not be able to access redraw.
Who should I contact if I have lost my Cashcard or PIN?
You must report a lost or stolen Cashcard or PIN as soon as you become aware it is missing by calling the Cashcard help desk on 1800 800 521. This service is available 24 hours, seven days a week. Lost or stolen cards are unable to be reported by Macquarie on your behalf. Once the card is blocked, you can order a replacement card by contacting the Client Service Team on 1800 007 722. Credit Cards
Credit Cards
Where can I find more information about the Macquarie Visa Platinum Card?
Where can I find more information about the Macquarie Visa RateSaver Card?
Where can I find more information about the Macquarie Visa Gold Card?
