Fixed rate home loans

A benefit of a fixed rate home loan is the certainty of knowing what your interest rate and repayments will be for a set time, which can also make it easier to manage your finances and plan for the future.

We offer 1-5 year fixed rates on all our home loans. See our current fixed rates

Things you should know before you fix

Fix all or part

You can choose to fix all or part of your home loan account.

If you have a Basic Home Loan, you can fix up to 100% of your loan

If you have an Offset Home Loan, you can fix a portion and retain one variable rate account (minimum balance of $20,000) to continue to access offset benefits.

If you’d like to fix 100% of your Offset Home Loan, you’ll need to switch to the Basic Home Loan.

Break costs

  • Break costs may be payable if you end your fixed term early or make extra repayments above certain thresholds.
  • If your home loan BSB starts with 182, you can make extra repayments of up to $10,000 each year into each fixed account without incurring break costs.
  • If your home loan BSB starts with 183, you can make extra repayments up to 5% of the initial fixed amount each year without incurring break costs.

Other considerations

  • You’re unable to fix a home loan with the construction feature.
  • You’re unable to link an offset account to a fixed rate home loan.
  • There’s no redraw on fixed rate home loans. Any extra repayments you make when your interest rate is fixed may be available for redraw when your fixed rate period ends.

How to switch to a fixed rate

If you’d like to switch your existing home loan to a fixed rate, please get in touch with a Macquarie consultant using live chat

What happens to your repayments after you switch

When you switch to a fixed rate on your home loan, you’ll receive a confirmation summary which includes details about the fixed rate changes, your new repayment details and when your new repayment amount becomes effective.

After you request to switch to a fixed rate on your home loan, your next repayment will stay the same and then any subsequent payments will change.

For example, if your fixed rate was applied today and your next monthly repayment is due in a week, this repayment will stay the same (i.e. it will still be your variable rate amount). The following month, your repayment will reflect the fixed rate change.

View your home loan structure

You can find an overview of your account structure under the Account Breakdown feature on Macquarie Online Banking and Macquarie Mobile Banking. See how to View your home loan structure.

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).

Experiencing financial difficulty?

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

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.