What should I consider before consolidating my home loan accounts?

Before you start a live chat to consolidate your home loan accounts, it’s important to remember:

  • We’re unable to transfer a limit from a principal and interest account to an interest only account without a top-up application being approved. If you’d like to increase the interest only portion of your home loan, please use live chat to discuss your options.
  • The balances following consolidation can’t exceed the facility limit.
  • The limit on each of your account/s following consolidation must be above $20,000.
  • Changes to a fixed rate account may incur a break cost. These may be substantial.
  • We can only transfer limits between accounts within the same home loan facility.

How does consolidating home loan accounts impact repayments?

After we’ve consolidated your home loan accounts, your repayments may change.

  • For home loans with a BSB starting 182, your repayment amount will change if you are adjusting the limit of an account.
  • For home loans with a BSB starting 183, your repayment amount will change if you are adjusting the balance of an account. 

If your repayments change, your next repayment will be for the original amount, and the subsequent repayment will be for the new amount/s.

How do I request a consolidation of my home loan accounts?

You can consolidate or merge your home loan accounts by getting in touch with a Macquarie consultant using live chat to request a balance and/or limit transfer between your home loan accounts. 

If you’ve paid your balance to zero, your loan account won’t automatically close, so you will need to use live chat to arrange the account closure. 

Start a live chat

Log in to Macquarie Online Banking or the Macquarie Mobile Banking app and chat with a consultant in real time, Monday to Friday, 9am to 5pm Sydney time (excluding public holidays).

Learn more

Experiencing financial difficulty?

Please get in touch as soon as possible so we can work together to find the right solution for you.

Get financial assistance

Resolve a complaint

Everyone at Macquarie is committed to providing our clients with the highest standard of products and services available. If you have feedback we would like you to tell us about it. 

Find out more
Download Macquarie App

Unless stated otherwise, this information is provided by Macquarie Bank Limited AFSL and Australian Credit Licence 237502 (MBL) and does not take into account your objectives, financial situation or needs. You should consider whether it is appropriate for you. Finance is subject to our credit approval criteria. Terms and conditions apply and may change without notice.

Apple Pay, the Apple logo & iPhone are trademarks of Apple Inc, registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Android Pay, the Android Logo and Google Play are trademarks of Google Inc. MasterCard and the MasterCard Brand Mark are registered trademarks of MasterCard International Incorporated. BPAY is a registered trademark of BPAY Pty Ltd ABN 69 079 137 518.

Other than MBL, none of the Macquarie Group entities referred to are authorised deposit-taking institutions for the purposes of the Banking Act 1959 (Cth), unless noted otherwise. Their obligations do not represent deposits or other liabilities of MBL. Unless otherwise stated, MBL does not guarantee or otherwise provide assurance in respect of the obligations of that entity.

© Macquarie Group Limited