Our available rate types
|Fixed rates||1, 2, 3, 4, and 5 year fixed available8
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"Macquarie's flexible loan structure works for us."
Our offset home loan package gives you a flexible loan structure and great rate. It includes an award-winning credit card2 and transaction account so you can get more than just a home loan.
|Fixed rates||1, 2, 3, 4, and 5 year fixed available8
|Fee type||Fee amount|
Other fees and charges may apply.
|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|
||Principal and interest or interest only
|Interest only duration
||Up to 5 years9|
|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.
||Direct debit or EFT/Salary credit
|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 types||Availability|
|Mobile banking app
||iOS / Android
||Every 6 months
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).
Daily BPAY limit
Some billers may impose their own limits.
|Up to the available balance of your account|
You can request a call online or give us a call on 13 62 27 to speak with a home loan specialist.
As your application progresses, you'll be kept up to date with email notifications and calls from your dedicated home loan specialist.
Your redraw balance may change over time depending on several factors, including:
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.
"We're good borrowers, so our home loan is with Macquarie."
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 consitute 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.
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.
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.
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.
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.
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.
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.
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.
Credit card annual fee applies after the first year; $199 ongoing for Macquarie Platinum Card (Macquarie Rewards), $249 ongoing for Macquarie Platinum Card (Qantas Rewards), $249 ongoing for Macquarie Black Card (Macquarie Rewards) and $299 ongoing for Macquarie Black Card (Qantas Rewards). Other fees and charges may apply.
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 28 May 2020 and are subject to change.