Why should you make the switch?

Watch this short video on the benefits of switching to Macquarie.

"Choosing a better home loan with Macquarie was easy."
Exarhos family
Image of front cover of Macquarie home loan refinance guide on a grey background

The Macquarie refinancing guide

Refinancing your home loan to get a better rate can feel overwhelming. We want to help you navigate the process, so we’ve created a simple step-by-step guide.

Owner occupied rates

Featured promo rate: Rate
Offset variable rate*, Principal and Interest 2.34% pa
Offset comparison rate, Principal and Interest 2.62% pa

Variable rates

Owner occupied with principal and interest repayments

LVR# Basic
Interest rate
Basic
Comparison rate
Offset
Interest rate
Offset
Comparison rate
≤ 60% 2.34% pa 2.34% pa 2.34% pa 2.62% pa
≤ 70% 2.39% pa 2.39% pa 2.39% pa 2.67% pa
≤ 80% 2.49% pa 2.49% pa 2.49% pa 2.76% pa
≤ 90% 2.89% pa 2.89% pa 2.89% pa 3.16% pa
≤ 95% 3.21% pa 3.21% pa 3.21% pa 3.47% pa

Fixed rates

Owner occupied with principal and interest repayments

LVR# Basic
Interest rate
Basic
Comparison rate
Offset
Interest rate
Offset
Comparison rate
1 year fixed rate°
≤ 70% 2.09% pa 2.36% pa 2.09% pa 2.64% pa
≤ 80% 2.09% pa 2.46% pa 2.09% pa 2.73% pa
≤ 95% 2.59% pa 3.15% pa 2.59% pa 3.42% pa
2 year fixed rate°
≤ 70% 2.09% pa 2.34% pa 2.09% pa 2.62% pa
≤ 80% 2.09% pa 2.42% pa 2.09% pa 2.70% pa
≤ 95% 2.59% pa 3.10% pa 2.59% pa 3.37% pa
3 year fixed rate°
≤ 70% 2.09% pa 2.32% pa 2.09% pa 2.59% pa
≤ 80% 2.19% pa 2.42% pa 2.19% pa 2.69% pa
≤ 95% 2.59% pa 3.05% pa 2.59% pa 3.32% pa
4 year fixed rate°
≤ 70% 2.69% pa 2.49% pa 2.69% pa 2.76% pa
≤ 80% 2.79% pa 2.59% pa 2.79% pa 2.86% pa
≤ 95% 2.99% pa 3.14% pa 2.99% pa 3.40% pa
5 year fixed rate°
≤ 70% 2.79% pa 2.55% pa 2.79% pa 2.82% pa
≤ 80% 2.89% pa 2.65% pa 2.89% pa 2.92% pa
≤ 95% 3.09% pa 3.16% pa 3.09% pa 3.43% pa

Note: Offset benefits are not available while the linked Loan Account is on a fixed rate of interest

Interest only

Owner occupied variable rates with interest only repayments

LVR# Basic
Interest rate
Basic
Comparison rate
Offset
Interest rate
Offset
Comparison rate
≤ 60% 2.89% pa 2.89% pa 2.89% pa 3.16% pa
≤ 70% 2.89% pa 2.89% pa 2.89% pa 3.16% pa
≤ 80% 3.04% pa 3.04% pa 3.04% pa 3.31% pa

Investment rates

Featured promo rate: Rate
Offset variable rate*, Principal and Interest 2.49% pa
Offset comparison rate, Principal and Interest 2.76% pa

Variable rates

Investment with principal and interest repayments

LVR# Basic
Interest rate
Basic
Comparison rate
Offset
Interest rate
Offset
Comparison rate
≤ 60% 2.49% pa 2.49% pa 2.49% pa 2.76% pa
≤ 70% 2.49% pa 2.49% pa 2.49% pa 2.76% pa
≤ 80% 2.69% pa 2.69% pa 2.69% pa 2.96% pa
≤ 90% 3.45% pa 3.45% pa 3.45% pa 3.71% pa

Fixed rates

Investment with principal and interest repayments

LVR# Basic
Interest rate
Basic
Comparison rate
Offset
Interest rate
Offset
Comparison rate
1 year fixed rate°
≤ 70% 2.39% pa 2.48% pa 2.39% pa 2.76% pa
≤ 80% 2.49% pa 2.67% pa 2.49% pa 2.94% pa
≤ 95% 3.14% pa 3.42% pa 3.14% pa 3.68% pa
2 year fixed rate°
≤ 70% 2.39% pa 2.47% pa 2.39% pa 2.75% pa
≤ 80% 2.49% pa 2.66% pa 2.49% pa 2.93% pa
≤ 95% 3.14% pa 3.40% pa 3.14% pa 3.66% pa
3 year fixed rate°
≤ 70% 2.39% pa 2.47% pa 2.39% pa 2.74% pa
≤ 80% 2.59% pa 2.67% pa 2.59% pa 2.94% pa
≤ 95% 3.14% pa 3.37% pa 3.14% pa 3.63% pa
4 year fixed rate°
≤ 70% 2.89% pa 2.62% pa 2.89% pa 2.89% pa
≤ 80% 2.99% pa 2.79% pa 2.99% pa 3.06% pa
≤ 95% 3.19% pa 3.36% pa 3.19% pa 3.62% pa
5 year fixed rate°
≤ 70% 2.89% pa 2.65% pa 2.89% pa 2.92% pa
≤ 80% 2.99% pa 2.81% pa 2.99% pa 3.08% pa
≤ 95% 3.19% pa 3.35% pa 3.19% pa 3.61% pa

Note: Offset benefits are not available while the linked Loan Account is on a fixed rate of interest

Interest only

Investment variable rates with interest only repayments

LVR# Basic
Interest rate
Basic
Comparison rate
Offset
Interest rate
Offset
Comparison rate
≤ 60% 2.89% pa 2.89% pa 2.89% pa 3.16% pa
≤ 70% 2.89% pa 2.89% pa 2.89% pa 3.16% pa
≤ 80% 3.04% pa 3.04% pa 3.04% pa 3.31% pa
Add an offset account

Save using your offset account

Save using your offset account

  • Our offset account allows you to pay off your loan faster by using your savings to reduce the amount of interest you pay.
  • Open up to 10 offset accounts per loan account.
  • Plus get a linked Debit Mastercard® for everyday transacting.
Mel and Jonathan standing on their veranda
Add a credit card

Package a credit card with your home loan

Package a credit card with your home loan

  • One way to make the most of your offset home loan is to use your accompanying credit card for your day-to-day purchases2.
  • When you keep savings in your offset account and pay off your credit card balance in full before your interest free period ends, you could minimise both the amount of interest you pay on your home loan and the interest you pay on purchases2.
  • When you shop online or in-store overseas with your credit card, we won't charge you any international purchase fees3.
Middle aged man in a cafe holding a credit/debit card in his hand with a laptop and phone in front of him
Home loan package

More than just a home loan

More than just a home loan

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

Middle aged Asian man standing outside his home on a sunny day. Macquarie customer - Chi
Budgeting and saving

Tools for budgeting and saving

Tools for budgeting and saving

  • With our digital tools you can get an overall view of your cash flow so you can feel confident in knowing exactly where you’re putting your money.
  • Use our smart budgeting tools to help you stay on top of your finances – you can get a snapshot of your spending habits, set monthly budgets and categorise payments to help you have full visibility of your financial position all in the one place.
A hand holding a phone (iPhone X) with the Macquarie app open showing the spending and budgeting feature

How to apply


If you’re refinancing, you can now apply online.  Provide us with your details using our quick, simple and secure process or request a call to have a home loan specialist talk about your loan options.

Apply if you

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

What's next?
 

You sign, we finalise! We'll contact your current lender and make all the arrangements

Frequently asked questions

To help you complete your application, make sure you have the following information on hand:

  • documents relating to your income, including payslips or PAYG statements
  • your existing home loan statements and contract if applicable
  • details of any debts you currently hold, including balances, limits and monthly repayments
  • access to your transaction history - this will help you determine your monthly living expenses such as groceries, utilities and insurances.

To apply for a new home loan or investor loan, you can request a call online or give us a call on 02 8245 4500 to speak with a home loan specialist (Monday to Friday, 8am-6pm AEST).

Yes, you can refinance multiple properties by speaking with a home loan specialist. Request a call online or give us a call on 02 8245 4500 (Monday to Friday, 8am-6pm AEST).

A home loan specialist will review your application and contact you within 1-2 business days.

To help you complete your refinance application, there are helpful hints throughout. If you need any extra help, our team of home loan specialists can be contacted on 02 8245 4500 (Monday to Friday, 8am-6pm AEST).

You can securely login to resume your refinance application at any time by using the appropriate link below:

New customer 

Existing Macquarie customer

The rates shown in the refinance application are accurate based on the information provided. All rates are subject to approval and may vary depending on a formal valuation of your property.

"My usual bank gave me the usual run around, so I chose a home loan with Macquarie."
Chi
Chi smiling outside

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.

*

New offset home loan rate applies for new loans when you borrow up to 60% of the property value with a variable rate loan. Subject to change without notice.

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 home loans with principal and interest repayment fixed rate when you borrow up to 70% of the property value. Subject to change without notice.

°

Fixed rate loans may be subject to significant break costs. Please refer to the loan contracts for terms and conditions regarding break costs. At the end of the fixed rate period, the interest rate will revert to the discount variable rate applicable at that time.

>

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.

~

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

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.

6

Qantas has made no enquiries as to the accuracy of the Macquarie products or services described, and is not responsible for errors or omissions. Macquarie Bank Basic and Offset home loans are not Qantas products and are not offered or issued by Qantas but by Macquarie as Servicer.

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.

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

Information and interest rates are current as at 12 May 2021 for new loans only and are subject to change.