How can my customer merge home loan accounts?

Your customer can request to merge multiple loan accounts or splits within their home loan facility. 

To be eligible for a merge: 

  • each home loan account needs to be on a variable interest rate
  • the home loan account needs to have a BSB starting with 182, and
  • the following attributes need to match:
    • loan purpose (e.g. owner occupied, investment or personal use)
    • repayment types (e.g. principal and interest or interest only)
    • for interest only splits, the term (e.g. 1 year) and the expiry dates (e.g. both end 30/06/2026).

To complete these changes and merge the home loan accounts, your customer will need to contact our team using chat in Macquarie Online Banking or Macquarie Mobile Banking app.

To prepare your customer, our Personal Help Centre article provides further detail, including important information to be aware of when merging home loan accounts.

Closing home loan accounts and offset accounts

When your customer merges home loan accounts, which results in closing a home loan account, if any offset accounts were linked to the home loan account being closed, they’ll need to consider:

  • re-linking any offset account(s) to another home loan account, or
  • converting the offset account to a transaction account, or
  • closing the offset account and transferring the balance into another offset or transaction account.

Once the change has been confirmed, ensure your customer checks their updated home loan structure in Macquarie Online Banking or the Macquarie Mobile Banking app.

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