Interest rates

Owner occupier rates from

6.14% paVariable rate*, Principal and Interest
6.16% paComparison rate, Principal and Interest



Investment rates from

6.34% paVariable rate*, Principal and Interest
6.36% paComparison rate, Principal and Interest



Our available rate types

Rate typeAvailability
Variable ratesAvailable
Fixed rates1, 2, 3, 4, and 5 year fixed available1
View all of our rates


Ongoing account fees

Fee typeFee amount
Application fee$0
Monthly fee $0
Annual fee


Other fees and charges may apply, including a fee to document and settle your loan.

Loan limits

Loan detailsLimit
Maximum loan termUp to 30 years
Minimum new loan amount$150,000
Maximum new loan amount$10,000,000
Minimum increase amount$10,000
Multiple loan accountsUp to 6

Repayment and redraw options

Repayment options 
Repayment type
Principal and interest or interest only
Interest only duration
Up to 5 years2
Repayment frequency
Additional payments  Unlimited if your account is on a variable interest rate, however if your account is on a fixed interest rate you can make additional repayments of up to $10,000 per year.
Repayment method
Direct debit or EFT/Salary credit


Redraw options 
Redraw Unlimited if your account is on a variable interest rate, however if your account is on a fixed interest rate you can redraw at the end of your fixed period.

Access and payment methods

Access and payment typesAvailability
Online banking
Mobile banking app
iOS / Android
BPAY® out
Every 6 months


Transaction limits

Transaction typeLimit

Daily Pay Anyone Payment limit

**The $100,000 limit applies if you use the Macquarie Authenticator App and are registered for Electronic Banking. Otherwise, a default limit of $5,000 applies. Your applicable daily limit applies to all of the daily Pay Anyone payments you make across all your eligible accounts linked to your Macquarie ID. If you hold a joint account, click here for information about how this limit applies to you.

$100,000 daily**

Daily BPAY limit

Some billers may impose their own limits.

Up to the available balance of your account

Terms, conditions and documents

Terms and conditionsLink
Macquarie home loans terms and conditionsDownload PDF
Macquarie electronic banking terms and conditionsView conditions


Looking for an offset account?

Our basic home loan doesn’t include offset accounts. Check out our offset home loan to see how you could reduce the amount of interest you pay.

Applying online is easy

Submit your application in a few simple steps. Apply if you are 18 years or older and a permanent resident of Australia.


Get a quick quote

3 minutes

Answer a few simple questions and we’ll provide a tailored quote with your rate and repayments.


Continue to apply online

15 minutes

Provide information about you, your property, what you earn and what you owe.


Get an answer fast

Once you’ve submitted your application, one of our friendly banking specialists will review it and get in touch to answer any questions and guide you through the next steps.


Talk to a home loan specialist


Thanks for your enquiry. We’ll aim to contact you within one business day.

For some enquiries we will contact you via email only.

There has been an error. Please contact us.

If you're refinancing, request a call or contact us on 13 62 27 Monday to Friday 8am - 6pm (Sydney time).

For a faster response on your pre-approval enquiry, try our calculator to estimate your borrowing power and continue to apply online.

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By submitting this form, I acknowledge that I have read Macquarie Bank’s Privacy Statement and understand Macquarie Bank may use my personal information as outlined in the Statement.

Why Macquarie?

Settle for nothing less than great rates and low fees.

Save over the life of your home loan with access to great rates and no hidden fees or charges.

Turnaround times that won’t leave you wondering.

At Macquarie, we pride ourselves on having market-leading turnaround times so you can make your next move with confidence.

When it comes to your home loan, we’re flexible.

With fixed rates for more certainty, variable rates, and offset accounts to reduce the amount of interest you pay - you’ve got options.

An award-winning digital app.~

Plan your future, keep track of your investment, and stay in control. Managing your home loan has never been easier from the palm of your hand.

Frequently asked questions

A Macquarie basic home loan is a simplified mortgage product with no application or ongoing management fees.

An offset account is an everyday bank account that is linked to your variable home loan account, with the following features and benefits:

  • Every dollar in the account helps reduce the amount of interest you pay over the life of your loan
  • You can transfer money and make payments online
  • A debit card for purchase, payments, and ATM withdrawals

The offset account feature is available only on the Offset Home Loan product.

For more information, please read our help centre article here.

LVR is the amount you need to borrow, calculated as a percentage of the value of your property. For example, if your loan amount is $400K and your property value is $500K, then your LVR is 80%.

The difference between a fixed-rate home loan and a variable rate home loan is in the interest rate structure. With a fixed-rate home loan, the interest rate remains constant for a set period, typically one to five years.

At the end of the five years, the loan will usually switch to a variable rate. In contrast, a variable rate home loan has an interest rate that can change, usually in response to market conditions. This means that your repayments can fluctuate over time, potentially increasing or decreasing based on changes in interest rates.

Macquarie offers flexible options, with the ability to split your loan between variable and fixed interest rates to suit your circumstances.

Please note: You can’t have the entirety of your offset home loan assigned to a fixed rate. You must have at least $20k of your offset home loan assigned to a variable interest rate.

Once you’ve completed an application with your broker or home loan specialist, we can (in most cases) provide you with a pre-approval within one business day if your application qualifies. Once you are successful with a property and provide us with all required documentation, we work quickly to provide you with unconditional approval and open your home loan account.

This timing depends on how quickly we can verify your identity, assess your application, and transfer security.

We’ll let you know by email if your application is successful and when your account is open and ready to use.

If you have any questions about the status of your application, talk to your broker or your home loan specialist.

Redraw is a product feature that allows you to make extra payments to reduce the outstanding balance of your home loan, which in turn reduces the amount of interest you pay. A redraw facility may allow you to access the extra payments you’ve made up to your loan limit at that time.

Redraw is a product feature enabled on most home loan products except for:

  • construction loans with a BSB starting with 183
  • accounts during a fixed rate period. Any extra payments you’ve made whilst your interest rate is fixed is only available at the end of your fixed rate period
  • SMSF home loans.

Your redraw balance may change over time depending on several factors, including:

  • loan limit changes
  • repayment amount changes
  • missed or late repayments and fees.


The below is an example explaining how redraw works where an extra payment has been made and the repayment amount has not changed on the home loan.

Sarah has a $300,000 home loan with a 30-year term. 10 years into her loan she makes an extra payment of $50,000. Her repayment amount does not change and the extra payment she’s made means she is paying less interest on her home loan. This results in Sarah paying off her home loan sooner. Because Sarah has maintained her repayments at the same amount, she can access her redraw balance up until her loan is paid off. If she continues to keep her loan open after it’s paid off, then available redraw will start reducing to ensure her home loan limit is $0 at the end of her loan term.

Checking your redraw balance

You can view or access your redraw fee free by using Macquarie Online Banking or the Macquarie Mobile Banking app.

To check your available redraw balance on Macquarie Online Banking:

  1. Hover over the home loan account in the account list
  2. Select I want to
  3. Select View account details
  4. Available funds for redraw is shown as Redraw balance or Available funds under Account Summary.

Alternatively, you can:

  1. Select your home loan account from the account list
  2. Select I want to in the banner near your account product name (or account nickname)
  3. Select View account details in the menu drop-down
  4. Available funds for redraw is shown as Redraw balance or Available funds under Account Summary.

To check your available redraw balance on the Macquarie Mobile Banking app:

  1. Select a home loan account from the main screen
  2. Available funds figure is displayed at the top of the screen above account balance.

Accessing your redraw balance

To access your available redraw balance on Macquarie Online Banking:

  1. Select the icon from the side menu; or first click on the icon in top left-hand corner to display the side menu
  2. Select the home loan account with available redraw balance
  3. Select the Macquarie account you wish to pay to, or New payee/biller.

To access your available redraw balance on the Macquarie Mobile Banking app:

  1. Select the icon on the front screen
  2. Select either Internal transfer or Make a payment
  3. Select the home loan account with available redraw balance
  4. Select the Macquarie account you wish to pay to, or New payee/biller.

The daily limit for Pay Anyone and BPAY payments from your home loan can be viewed here.

To access redraw on your Reverse Mortgage or Accommodation Bond loan, please call us on 1800 007 722 (+61 8245 4383) from 8am to 7pm (Sydney time) Monday to Friday.

® Registered to BPAY Pty Ltd ABN 69 079 137 518

Support for customers

Online banking

Log in to manage your account.

Help and support

Quickly search and find the answer to common questions.

Get in touch

Contact us if you have a question about your account.

Additional information

The comparison rates are based on a loan for $150,000 and a term of 25 years. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.


Rate applies for new loans when you borrow up to 60% of the property value with a principal and interest repayment variable rate loan. Subject to change without notice.


The information in this calculator is by way of example only and is not a prediction or professional financial advice. Calculations are not forecasts, but may assist you in making your own projections. Subject to law, Macquarie will not be liable for any loss or damage caused by your use of the calculator. The information in the calculator does not constitute an offer to lend or imply the product is suitable for you.

Offset accounts cannot be linked to fixed rate loan accounts. For split loans, with a fixed and variable rate portion, the variable rate loan account must have a minimum limit of $20,000 to qualify for an offset account.


Fixed rate loans may be subject to significant break costs. Please refer to your loan contract and terms for details of break costs applicable. At the end of the fixed rate period, the loan rate will revert to the variable interest rate detailed in your loan contract, as applicable at that time. Offset accounts cannot be linked to loan accounts with a fixed interest rate and you must have a variable rate loan account with a minimum balance of $20,000 to qualify for a fixed rate.


If you’ve chosen to make interest only repayments at any stage of your loan, you may end up paying more interest over the life of the loan. This is because you are deferring your principal repayments. At the end of your interest only period, your minimum contractual repayments will increase to include principal repayments as well as interest.


Bank of the year – Digital, Money Magazine 2023.

This information is provided by Macquarie Bank Limited AFSL and Australian Credit Licence 237502 and does not take into account your objectives, financial situation or needs. You should consider whether it is appropriate for you. Lending criteria, fees and T&Cs apply.

Apple, the Apple logo & iPhone are trademarks of Apple Inc, registered in the U.S. and other countries. App Store is a service mark of Apple Inc.

Android, Google Pay, Google Chrome and the Google Logo are trademarks of Google LLC.

Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

BPAY is a registered trademark of BPAY Pty Ltd ABN 69 079 137 518.

Home loan information and interest rates are current as at 8 May 2024 for new loans only and are subject to change.