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
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.
If you’d like to switch your existing home loan to a fixed rate you’ll need to contact us on 1800 007 722 (+61 2 8245 4383).
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.
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.
