Switching between Basic and Offset Home Loans

Our Offset Home Loan can help you use your savings to reduce the amount of interest you pay, while allowing you to do your everyday banking with our bank accounts and credit card (if applicable). See Home loan offset accounts for more information on how offsets work.

Our Basic Home Loan is a low-fee option with no monthly or account management fees, offering flexible ways to repay your home loan.

You can request to switch your home loan from a Basic Home Loan to an Offset Home Loan by following the steps below.

For home loans with a BSB starting 182, you’ll need to open a Transaction account via Macquarie Online Banking or the Macquarie Mobile Banking app. The Transaction account must be in the same name as the borrower/s on your home loan account.

A package fee applies to our Offset Home Loan. See Understanding home loan fees for more information. Please note the change to an Offset Home Loan is not possible if you are currently living outside of Australia. A company or trust can only switch to an Offset Home Loan if there’s an existing Transaction account opened at settlement in the name of the borrowing entity. If there’s no existing Transaction account, a switch to an Offset Home Loan can’t be done.

When your new Transaction account has been opened, please get in touch with a Macquarie consultant using live chat.

For home loans with a BSB starting 183, please get in touch with a Macquarie consultant using live chat.