What is a partial discharge?

A partial discharge is a request to release a security property from a home loan facility where multiple security properties are being held and the loan will not be fully discharged or closed. This means there will be at least one security property that will remain with Macquarie after settlement of the partial discharge request.

A partial discharge is subject to a credit assessment. Our variations team can assist you with organising your partial discharge request. Contact them by calling on 1800 007 722 (+61 2 8245 4383) 8.30am to 5pm (Sydney time) Monday to Friday, or email mortgagevariations@macquarie.com.au.

You can also contact your broker who initially assisted with your Macquarie home loan to assist in organising your partial discharge request.

What documents are required?

  • Completed and signed Discharge Authority Form and select ‘Partial Discharge’ in Section 3. Please note, the form needs to be printed and signed by all borrowers.
  • Additional document/information may be requested once we have received your partial discharge request.

Note: This type of request can take up to 28 days. Please contact us as soon as possible.

What are the next steps after submitting your request?

  • After we’ve received your request and received all instructions and relevant documents, our credit team will review it. Additional information/documents maybe required by our credit team depending on your scenario.
  • After formal approval, instructions will be sent to our panel solicitors and the settlement will be arranged with our panel solicitors, including signing of your variation acceptance documents. The contact details for our solicitors are included within the formal approval email.
  • Your legal representative will need to contact our panel solicitor to book the settlement for your variation.

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