- Owner occupied rates
- Investment property rates
Principal and interest repayments
| LVR# | Basic Interest rate | Basic Comparison rate‡ | Offset Interest rate | Offset Comparison rate‡ |
|---|---|---|---|---|
| ≤ 60% | 6.14% pa | 6.16% pa | 6.14% pa | 6.39% pa |
| ≤ 70% | 6.14% pa | 6.16% pa | 6.14% pa | 6.39% pa |
| ≤ 80% | 6.19% pa | 6.21% pa | 6.19% pa | 6.44% pa |
| ≤ 90% | 6.39% pa | 6.41% pa | 6.39% pa | 6.64% pa |
| ≤ 95% | 7.19% pa | 7.22% pa | 7.19% pa | 7.43% pa |
- Owner occupied rates
- Investment property rates
Principal and interest repayments
| LVR# | Basic Interest rate | Basic Comparison rate‡ | Offset Interest rate | Offset Comparison rate‡ |
|---|---|---|---|---|
| 1 year fixed rate° | ||||
| ≤ 70% | 6.39% pa | 6.19% pa | 6.39% pa | 6.41% 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 | 6.15% pa | 6.09% pa | 6.38% 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 | 6.12% 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 | 6.18% 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 | 6.41% 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
Principal and interest repayments
| 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
Explore more calculators and tools
Home loan options
Variable rate home loans
Enjoy the flexibility to pay off your loan sooner. Combine your loan with offset accounts, so your savings work to reduce the loan balance you pay interest on.
“Choosing a better home loan with Macquarie was easy" - Chi
Fixed rate home loans
Lock in certainty on monthly repayments with a fixed rate loan. Fixed rates are available for 1 to 5 year terms.
“We were able to lock in a fair and competitive rate" - Laura
Split home loans
Divide your home loan into multiple accounts, so you can take advantage of the benefits of both fixed and variable loan structures.
“What matters to us most is flexibility and choice" - James
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.
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
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%.
Having multiple offset accounts can help you to bucket your savings. This can help you manage your budget if you're saving for a few big things (like another property, a holiday, a wedding or a new car).
Having multiple offset accounts linked to your home loan ensures that all of your savings are working towards reducing the interest paid on your home loan.
To help you complete your home loan application, make sure you have the following information on hand:
- documents relating to your income, including payslips or income 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.
- current email address and mobile phone number so you can safely use your account online and in Macquarie Mobile Banking
- identity documents - some documents may need to be certified
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.
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.
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.
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 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.
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.
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.
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. Rewards are earned on eligible purchases only.
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.
Please refer to your financial table for credit card annual fees if you discharge your home loan with us. Other fees and charges may apply.
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.
Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
Home loan information and interest rates are current as at 24 April 2024 for new loans only and are subject to change.