LVR# | Basic Interest rate | Basic Comparison rate‡ | Offset Interest rate | Offset Comparison rate‡ |
---|---|---|---|---|
1 year fixed rate° | ||||
≤ 70% | 6.39% pa | 6.20% pa | 6.39% pa | 6.42% pa |
≤ 80% | 6.49% pa | 6.25% pa | 6.49% pa | 6.47% pa |
≤ 95% | 6.75% pa | 7.17% pa | 6.75% pa | 7.38% pa |
2 year fixed rate° | ||||
≤ 70% | 6.09% pa | 6.16% pa | 6.09% pa | 6.39% pa |
≤ 80% | 6.15% pa | 6.21% pa | 6.15% pa | 6.43% pa |
≤ 95% | 6.49% pa | 7.07% pa | 6.49% pa | 7.29% pa |
3 year fixed rate° | ||||
≤ 70% | 5.99% pa | 6.13% pa | 5.99% pa | 6.35% pa |
≤ 80% | 6.09% pa | 6.19% pa | 6.09% pa | 6.41% pa |
≤ 95% | 6.49% pa | 7.01% pa | 6.49% pa | 7.23% pa |
4 year fixed rate° | ||||
≤ 70% | 6.19% pa | 6.19% pa | 6.19% pa | 6.41% pa |
≤ 80% | 6.25% pa | 6.24% pa | 6.25% pa | 6.46% pa |
≤ 95% | 6.65% pa | 7.01% pa | 6.65% pa | 7.23% pa |
5 year fixed rate° | ||||
≤ 70% | 6.19% pa | 6.19% pa | 6.19% pa | 6.42% pa |
≤ 80% | 6.25% pa | 6.24% pa | 6.25% pa | 6.46% pa |
≤ 95% | 6.65% pa | 6.97% pa | 6.65% pa | 7.19% pa |
Note: Offset benefits are not available while the linked Loan Account is on a fixed rate of interest
LVR# | Basic Interest rate | Basic Comparison rate‡ | Offset Interest rate | Offset Comparison rate‡ |
---|---|---|---|---|
1 year fixed rate° | ||||
≤ 70% | 6.49% pa | 6.38% pa | 6.49% pa | 6.60% pa |
≤ 80% | 6.59% pa | 6.49% pa | 6.59% pa | 6.71% pa |
≤ 90% | 6.89% pa | 7.27% pa | 6.89% pa | 7.49% pa |
2 year fixed rate° | ||||
≤ 70% | 6.29% pa | 6.35% pa | 6.29% pa | 6.58% pa |
≤ 80% | 6.39% pa | 6.46% pa | 6.39% pa | 6.68% pa |
≤ 90% | 6.59% pa | 7.17% pa | 6.59% pa | 7.39% pa |
3 year fixed rate° | ||||
≤ 70% | 6.29% pa | 6.35% pa | 6.29% pa | 6.57% pa |
≤ 80% | 6.39% pa | 6.46% pa | 6.39% pa | 6.68% pa |
≤ 90% | 6.59% pa | 7.11% pa | 6.59% pa | 7.33% pa |
4 year fixed rate° | ||||
≤ 70% | 6.39% pa | 6.38% pa | 6.39% pa | 6.61% pa |
≤ 80% | 6.49% pa | 6.49% pa | 6.49% pa | 6.71% pa |
≤ 90% | 6.69% pa | 7.09% pa | 6.69% pa | 7.31% pa |
5 year fixed rate° | ||||
≤ 70% | 6.39% pa | 6.39% pa | 6.39% pa | 6.61% pa |
≤ 80% | 6.49% pa | 6.49% pa | 6.49% pa | 6.71% pa |
≤ 90% | 6.69% pa | 7.05% pa | 6.69% pa | 7.26% pa |
Note: Offset benefits are not available while the linked Loan Account is on a fixed rate of interest
Whether you're looking for certainty over the year or longer, lock in a competitive fixed rate with Macquarie today.
Have peace of mind knowing your interest repayments will not be impacted by possible interest rate rises during your fixed rate period.
Split your home loan into multiple accounts so you can take advantage of both fixed and variable interest rates, giving you flexibility to tailor your home loan.°
Submit your application in a few simple steps. Apply if you are 18 years or older and a permanent resident of Australia.
3 minutes
Answer a few simple questions and we’ll provide a tailored quote with your rate and repayments.
15 minutes
Provide information about you, your property, what you earn and what you owe.
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.
Fast turnaround times
With a straightforward application process and fast turnaround times, you'll get a timely response on the status of your loan.
Flexible loan options
Tailor your loan with options such as splitting between variable and fixed interest rates, adding an offset account, or our low fee basic home loan.
Exceptional service
We'll keep you informed and up to date throughout the process. And if you need any help along the way, our home loan specialists are available to answer any questions.
Great rates and low fees
Macquarie home loans are built on great value. Our competitive rates and low fees help you pay off your home loan faster.
To help you complete your home loan application, make sure you have the following information on hand:
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 from 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 are flexible and allow you to access both a fixed rate and variable rate for your loan. As a borrower, this means you can:
Splitting your loan between variable and fixed interest rates gives you flexibility to structure your loan to suit your circumstances. You can divide your home loan in a variety of ways, such as locking in a fixed interest rate portion and variable interest rate portion, to take advantage of a mix of rate types over the life of your loan.
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.
No, it’s not possible to have an offset account with a fixed rate home loan
If you would like a 100% fixed home loan, you’ll need to apply for the basic home loan
If there is a fixed and variable split loan under the offset package, then an offset account/s can only be linked to the variable loan split. Additional offset accounts can be opened for the fixed account once the fixed period is expired, and that loan account has reverted to a variable rate. Please note, company and trust borrowers can’t open additional offset accounts after the loan settles.
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.
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.
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.
Rate applies for new home loans with principal and interest repayment fixed rate when you borrow up to 70% of the property value. 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.
Open up to 10 offset accounts per variable loan account if you have an individual or joint borrower home loan. Company and trust borrowers can open up to 4 offset accounts which must be opened at application. 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.
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.
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.
Home loan information and interest rates are current as at 30 January 2024 for new loans only and are subject to change.