This article only applies to current Macquarie home loan clients with a principal and interest variable rate loan. For more information about an interest only home loan, please visit Your home loan interest.

Here are some ways you may be able to reduce your home loan repayments.

Request a variable rate review

If your home loan interest rate is reduced, generally your repayments will reduce as well.  

Request a variable rate review online and we’ll conduct a detailed review of your loan. Please note a rate reduction is not guaranteed.

Request a recalculation of your repayments

Have you made extra repayments? You may be able to request a recalculation of your principal and interest repayments. How to do this depends on the type of home loan you have.

Loans with a BSB starting with 182

Your repayment amount is based on the home loan account’s limit. You can request a permanent limit reduction which will reduce the minimum monthly repayments.  

You’ll need to have redraw funds available in your home loan account and any redraw used will no longer be accessible. You’ll need to make an application if you’d like to increase the limit again.  

To request the permanent limit reduction, please get in touch with a Macquarie consultant using live chat.

Loans with a BSB starting with 183

You can request your principal and interest repayments to be recalculated if you’ve made a lump sum deposit, or you’ve been making extra repayments over a period of time and the repayment hasn’t been recalculated.  

You can check your transaction history online to see the last time your repayments were recalculated. 

To request a recalculation of your repayments, please get in touch with a Macquarie consultant using live chat

Need help?

If you feel you may not be able to meet your regular repayments, please contact us to see how we can work together towards a solution for you.

For more information and support, please see Financial assistance.

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.

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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.