A home loan built on value

Our basic home loan features low interest rates and is great for first-home buyers, refinancers or investors.
A couple sitting together in their lounge room smiling and laughing, looking at a tablet during a sunny day. Macquarie customer - Georgina and Celeste
"Macquarie's flexible loan structure works for us."
George and Celeste

Our low fee home loan

  • No application fee.
  • No monthly fee.
  • No account management fee.
  • Fee free redraw from your loan using online banking.

Flexible ways to repay 

  • Create up to six loan accounts with different rate and repayment types.
  • Digitally manage every aspect of your money, from tracking your spending to creating monthly budgets.

Credit cards and Qantas Points1

  • Waived annual fee for Platinum or Black credit card for the first year10.
  • Opt in to receive Qantas Points on your home loan (different rates may apply)1.
Add a credit card

Pair a credit card with your home loan

Pair a credit card with your home loan

  • Apply for a Platinum or Black credit card when you apply for your home loan and we'll waive the annual fee for the first year2.
  • Get access to a flexible rewards program, no international purchase fees5 and compatibility with Apple Pay and Google Pay.
Middle aged man in a cafe holding a credit/debit card in his hand with a laptop and phone in front of him
Offset home loan

Looking for an offset home loan?

Looking for an offset home loan?

Our offset home loan package gives you a flexible loan structure and great rate. It includes an award-winning credit card4 and transaction account so you can get more than just a home loan.

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Added security

Protect your account and personal information

Protect your account and personal information

  • The Macquarie Authenticator app provides an extra layer of security that helps protect your account and personal information and is our most secure way to authenticate.
  • It's a mobile app that sends actionable push notifications for you to approve or deny online transactions and account activity. There’s also an option to generate a unique one-time rolling code as an alternative authentication method.
A person in a cafe close up shot of their hand holding a phone with the Macquarie authenticator app open

Interest rates

Owner occupier rates from

Rate Qualifier
2.49% pa Variable rate*, Principal and Interest
2.49% pa Comparison rate, Principal and Interest

 

 

Investment rates from

Rate Qualifier
2.69% pa Variable rate*, Principal and Interest
2.69% pa Comparison rate, Principal and Interest

 

 

Our available rate types

Rate type Availability
Variable rates Available
Fixed rates 1, 2, 3, 4, and 5 year fixed available8

 

Ongoing account fees

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

 

Other fees and charges may apply.

Loan limits

Loan details Limit
Maximum loan term Up to 30 years
Minimum new loan amount $150,000
Maximum new loan amount $5,000,000
Minimum increase amount $10,000
Multiple loan accounts Up to 6

Repayment and redraw options

Repayment options  
Repayment type
Principal and interest or interest only
Interest only duration
Up to 5 years9
Repayment frequency
Monthly
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 types Availability
Online banking
Available
Mobile banking app
iOS / Android
BPAY® out
Available
Statements
Every 6 months

 

Transaction limits

Transaction type Limit

Daily Funds Transfer limit

For funds transfers between your Macquarie Accounts available via Electronic Banking there is no daily limit.

If you would like to increase your daily funds transfer limit please contact us on 1800 007 722 (Monday to Friday 8am-7pm, Sydney time).

$20,000 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 conditions Link
Macquarie home loans terms and conditions Download PDF
Macquarie electronic banking terms and conditions View conditions

How to apply

You can request a call online or give us a call on 13 62 27 to speak with a home loan specialist.

 

Apply if you

  • are 18 years old or over,
  • are a permanent resident of Australia.

What's next?

As your application progresses, you'll be kept up to date with email notifications and calls from your dedicated home loan specialist.

Frequently asked questions

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%. 
Fixed rate home loans have an interest rate that is fixed for a set period of time (typically one to five years). At the end of the fixed rate term, the loan will usually switch to a variable rate.
 
Variable rate home loans have an interest rate that can move up or down according to market forces, which impacts the amount of interest you pay.
 
Macquarie home loans offer the flexibility of allowing you to have some of your home loan at a fixed rate and some of your home loan at a variable rate.
 
Macquarie home loans offer the flexibility of allowing borrowers to:
•             Have all of their home loan at a variable rate
•             Have all of their home loan at a fixed rate
•             Split their mortgage into fixed and variable portions.
 
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 allows 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 032
  • 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
  • reverse mortgages
  • accommodation bond reverse mortgages.


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. Select Accounts 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
  3. Select the Account Details tab
  4. Available funds for redraw is shown as Redraw balance 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 to transfer funds from your account online is $20,000 per day. If you need to transfer above this amount, please call 1800 007 722 (+61 8245 4383).
 
For loan accounts with BSB starting with 182 only, there is no daily limit for funds transfers between your Macquarie accounts.
 
There is no daily limit for BPAY® payments from your account, however the institution you are paying to may have set a limit on incoming transfers.


®  Registered to BPAY Pty Ltd ABN 69 079 137 518
"We're good borrowers, so our home loan is with Macquarie."
George and Celeste
Please update me

New clients

Monday to Friday 8am – 6pm (Sydney time)

13 62 27

Existing clients

Monday to Friday 8am – 6pm (Sydney time)

1800 007 722

Help and support

Visit our online Help Centre.

Additional information

^

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.

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.

1

You must be a member of the Qantas program to earn and redeem Qantas Points. A joining fee usually applies, however MBL has arranged for this to be waived if you are a new applicant for a home loan that includes a flyer feature and you apply for membership online at qantas.com/joinffmacquarieflyer. Membership and the earning and redemption of Qantas Points are subject to the Qantas terms and conditions available at qantas.com/terms. Qantas Points, offered by Macquarie Bank Limited (MBL), accrue and will be credited to your Qantas account in accordance with your Home Loan terms and conditions. You may not earn Qantas Points if you are in arrears or default under your loan agreement, or during the construction period of a loan. Macquarie is not responsible for the administration of the Qantas program. Qantas Airways Limited remains at all times solely responsible for the administration of the Qantas program. Qantas has made no enquiries as to the accuracy of the Macquarie products or services described, and is not responsible for errors or omissions.

2

Approval is subject to Macquarie credit criteria and suitability assessment. Terms and conditions apply and are available upon request. Fees and charges apply. Allow up to 10 working days to process your application.

3

We don’t charge fees for card purchases or transactions made or processed outside Australia but others, such as the banks of international merchants, might.

4

The calculations are based on a principal and interest repayment type only. Principal and interest repayments are calculated based on the loan term, interest rate and loan limit.

5

This information is provided by Macquarie Bank 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.

7

Macquarie Bank Basic and Offset home loans are issued by Macquarie and are not Qantas products nor are they offered or issued by Qantas. Qantas has made no enquiries as to the accuracy of the Macquarie products or services described, and is not responsible for errors or omissions.

8

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.

9

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.

10

Credit card annual fee applies after the first year; $99 ongoing for Macquarie Platinum Card (Macquarie Rewards), $99 ongoing for Macquarie Platinum Card (Qantas Rewards), $149 ongoing for Macquarie Black Card (Macquarie Rewards) and $149 ongoing for Macquarie Black Card (Qantas Rewards). Other fees and charges may apply.

11

Our cards are 5-star Canstar rated for Outstanding Value Travel Credit Card and Outstanding Value Travel Debit Card for 2019/2020.

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.

Information and interest rates are current as at 9 October 2020 and are subject to change.