Your home loan interest

You can view your interest rate and interest charges at any time through Macquarie Online Banking and the Macquarie Mobile Banking app.

Macquarie Online Banking

1. Hover over your home loan account in the account list
2. Select I want to
3. Select View Details
4. All your interest rate details are displayed here, including:
   • Interest accrual
   • Total Last financial year interest
   • Total current financial year interest
   • Discount rate if applicable
   • Interest Rate.

Macquarie Mobile Banking App

1. Select your home loan account from the account list
2. Select the I want to button
3. Select View account details
4. All your interest rate details are displayed here, including:
   • Interest accrual
   • Total Last financial year interest
   • Total current financial year interest
   • Discount rate if applicable
   • Interest rate.
      

You can view your interest rate information from previous financial years on your statements. See how to select and view your statements.

Interest is calculated on your outstanding loan balance at the end of each day and charged to your account every month. The outstanding loan balance is multiplied by your interest rate and then divided by 365 days.
 

Our team may be able to assist you with reducing the interest you pay over the life of the loan.

Since you settled your home loan, your circumstances may have changed so you may want to check that your home loan continues to meet your needs. Options to reduce the amount of home loan interest you are paying may include:

• Changing to principal and interest repayments
• Permanently reducing your home loan limit
• Requesting a variable rate review via the Macquarie Mobile Banking app or Macquarie Online
• Keeping your savings in a home loan offset account.

You may also want to use our Extra Repayment Calculator to work out how much faster you could pay off your loan and how much interest you might save.

• Log into your Macquarie Mobile Banking app or Macquarie Online Banking
• Select your home loan
• Select I want to
• Select Manage home loan
• Select Review my rate

We'll review the request and provide the outcome via a notification in Macquarie Mobile Banking app or Macquarie Online, generally within 3 days. 

Note this process is for variable rate loans only. If you are looking to fix your home loan, please visit Fixing your home loan rate.

Can’t see the ‘review my rate’ option in the Macquarie Mobile Banking app?

You need to have the latest version of the app downloaded to be able to access the ‘review my rate’ section within the Macquarie Mobile Banking app.

When an interest rate changes on your home loan account, this will be displayed on your home loan statement and in your transaction history. We’ll also publish it in The Australian newspaper.
 
Your principal and interest repayments will be recalculated. We may email or send you a letter with your new repayment amount before it becomes due.
 
For repayments that are direct debited, you’re not required to do anything. We’ll automatically adjust your direct debit amount to cover your new repayment amount. If your repayments are made by salary credit or funds transfer, you’ll need to update your payment amount.

If you have a home loan account with a BSB starting with 182 and you’re making additional repayments by direct debit we will continue to collect this amount in addition to your minimum contractual repayment amount. 
 
If you have a Home Loan account with a BSB starting with 183 and you’re making more than the minimum required repayment, if the extra amount you are paying covers any increase in the interest rate, your direct debit repayments will not change. 

For more information, see changes to your interest rate.

*We don't charge fees for card purchases or transactions made or processed outside of Australia but others, such as the banks of international merchants, might.