Selecting products and features in ApplyOnline

Referring to the example above, which has two home loan accounts within the home loan facility, you’d need to input each loan account into ApplyOnline. To do this, select +Loan split to add each account separately.

Note, each loan account must have the same product type (e.g. Offset or Basic) but can have different loan purpose, repayment and rate types.

Loan account 1: Offset home loan, Owner occupied, Variable rate and P&I repayments, $400,000

On the Loans tab:

1. Select +Loan split
2. Select the Primary Purpose for that split (e.g. Owner occupied)
3. Select the ABS purpose
4. Cash out amount – only required if refinancing and requiring an equity release, otherwise $0
5. In Base amount enter the amount of the loan split (e.g. $400,000)
6. Select the product from the Product Selector, noting:
   • Product type, either Basic or Offset (e.g. Offset Home Loan)
   • Select the rate type (e.g. Offset Home Loan in Variable)
7. Select the checkboxes if your customer wants a credit card and/or debit card
8. Enter the interest rate – see our current advertised rates
9. Enter the loan term
10. Enter the repayment type – principal and interest or interest only
11. Select Done

Once you’ve created one loan split, select +Loan split to create the additional account. For this example, the second loan split would be:

• Product: Offset Home Loan 2 year Fixed
• Repayment: Principal & interest
• Rate: see our current advertised rates
• Base amount: $400,000.

Once completed, you’ve successfully created two loan accounts within the home loan facility (total lending $800,000).

Note: the sum of each loan split’s base amount, should equal the total lending being requested.

If you’ve selected the Offset Home Loan product, you’ll have the option to open offset accounts as part of the home loan application. In the example above, you’d need to create 3 offset accounts linked to the first loan split. For more information, see Understanding our offset accounts.

Note:

• you can open up to 4 offset accounts per home loan split during the application stage
• for trust and company loans, offset accounts (and transaction accounts) can only be opened during the home loan application, and
• offset accounts can’t be linked to fixed home loan splits.

Simply,

1. Navigate to Other products on the side panel
2. Select the link on the Macquarie tile under Current lender offerings
3. Each variable rate loan split will be shown, with the offset or transaction accounts and credit cards (if selected)
4. Otherwise, select +Offset account on the respective loan split
5. A right-hand side panel will appear:
   • Select the loan split for the offset account to be linked to under Loan
   • If debit cards are required, select Yes
   • If yes, confirm the debit cardholders
   • Select the Account holders for the offset account - they can be either individual or joint
   • If opting for a debit card, select the Debit cardholder(s)
   • To close, select X in the top-right hand corner.
6. Repeat for other offset accounts (up to 4 offset accounts per loan account/split).

If you’ve selected the Basic Home Loan product, you’ll have the option to open transaction accounts as part of the home loan application.

Note:

• for trust and company loans, transaction accounts can only be opened during the home loan application.

Simply,

1. Navigate to Other products on the side panel
2. Select the link on the Macquarie tile under Current lender offerings
3. If you’ve selected Transaction accounts in the Loans section, they’ll appear under Transaction accounts. If so, click the edit icon.
4. Otherwise, select +Transaction account to add a transaction account
5. A right-hand side panel will appear:
   • If debit cards are required, select Yes
   • Select the Account holders for the transaction account – they can be either individual or joint account holders
   • If opting for a debit card, select the Debit cardholder(s)
   • To close, select X in the top right hand corner
6. Repeat for other transaction accounts required

For both Offset and Basic Home Loans, to add a credit card and any additional card holders in ApplyOnline, follow the below instructions.

On the Loans tab:       

1. Select the home loan type from the ‘Product selector’
2. For a Basic Home Loan, you’ll need to tick Credit Card
3. For an Offset Home Loan, the credit card will be pre-populated.

On the Other products tab:

1. Select the link on the tile Macquarie bundled products
2. For ‘Open new credit card?’, select Yes
3. Select Macquarie Credit Card under Credit card
4. Enter the preferred card limit e.g. $15,000
5. Add any additional cardholders by selecting the co-applicant.

Note:

• any credit card requested requires a credit assessment
• the credit card limit applied for with the home loan application can’t be increased once the credit card is received by your customer
• for an Offset Home Loan, the credit card annual fee is waived while the home loan remains on the Offset Home Loan product.