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Fixed home loan
A fixed rate home loan provides you certainty of knowing what your interest rate and repayments will be for a certain period of time.
Rates from
Interest rate
Comparison rate‡
Features and benefits
Secure a great rate
Safeguard against possible interest rate rises with a fixed interest rate on your home loan. Locking in a fixed rate today could save you money on interest repayments in the future.
Budget with confidence
Have peace of mind knowing your repayments will stay the same throughout the fixed interest term, making it easier to budget and manage your cash flow.
Interest rate discount
Don’t get stung with a high variable rate at the end of your fixed term. With a Macquarie fixed interest rate, you’ll roll off onto a competitive variable rate when your fixed interest rate term ends.
3 ways to save on your home loan
Get set to save with one of the lowest~ variable home loan rates in the market, offset accounts, and Marketplace rewards.
- 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% | 3.59% pa | 2.54% pa | 3.59% pa | 2.81% pa |
| ≤ 80% | 3.65% pa | 2.59% pa | 3.65% pa | 2.86% pa |
| ≤ 95% | 4.39% pa | 3.36% pa | 4.39% pa | 3.62% pa |
| 2 year fixed rate° | ||||
| ≤ 70% | 4.45% pa | 2.78% pa | 4.45% pa | 3.05% pa |
| ≤ 80% | 4.49% pa | 2.83% pa | 4.49% pa | 3.10% pa |
| ≤ 95% | 5.29% pa | 3.62% pa | 5.29% pa | 3.87% pa |
| 3 year fixed rate° | ||||
| ≤ 70% | 4.79% pa | 3.02% pa | 4.79% pa | 3.29% pa |
| ≤ 80% | 4.85% pa | 3.08% pa | 4.85% pa | 3.34% pa |
| ≤ 95% | 5.59% pa | 3.86% pa | 5.59% pa | 4.11% pa |
| 4 year fixed rate° | ||||
| ≤ 70% | 4.95% pa | 3.25% pa | 4.95% pa | 3.51% pa |
| ≤ 80% | 4.99% pa | 3.30% pa | 4.99% pa | 3.56% pa |
| ≤ 95% | 5.75% pa | 4.09% pa | 5.75% pa | 4.34% pa |
| 5 year fixed rate° | ||||
| ≤ 70% | 5.05% pa | 3.47% pa | 5.05% pa | 3.73% pa |
| ≤ 80% | 5.09% pa | 3.52% pa | 5.09% pa | 3.77% pa |
| ≤ 95% | 5.85% pa | 4.31% pa | 5.85% pa | 4.55% 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% | 3.79% pa | 2.74% pa | 3.79% pa | 3.01% pa |
| ≤ 80% | 3.89% pa | 2.84% pa | 3.89% pa | 3.11% pa |
| ≤ 90% | 4.65% pa | 3.60% pa | 4.65% pa | 3.86% pa |
| 2 year fixed rate° | ||||
| ≤ 70% | 4.65% pa | 2.98% pa | 4.65% pa | 3.25% pa |
| ≤ 80% | 4.75% pa | 3.08% pa | 4.75% pa | 3.35% pa |
| ≤ 90% | 5.55% pa | 3.86% pa | 5.55% pa | 4.12% pa |
| 3 year fixed rate° | ||||
| ≤ 70% | 4.99% pa | 3.23% pa | 4.99% pa | 3.49% pa |
| ≤ 80% | 5.09% pa | 3.33% pa | 5.09% pa | 3.59% pa |
| ≤ 90% | 5.85% pa | 4.11% pa | 5.85% pa | 4.36% pa |
| 4 year fixed rate° | ||||
| ≤ 70% | 5.15% pa | 3.46% pa | 5.15% pa | 3.72% pa |
| ≤ 80% | 5.25% pa | 3.56% pa | 5.25% pa | 3.82% pa |
| ≤ 90% | 5.99% pa | 4.34% pa | 5.99% pa | 4.58% pa |
| 5 year fixed rate° | ||||
| ≤ 70% | 5.25% pa | 3.68% pa | 5.25% pa | 3.93% pa |
| ≤ 80% | 5.35% pa | 3.78% pa | 5.35% pa | 4.03% pa |
| ≤ 90% | 6.09% pa | 4.56% pa | 6.09% pa | 4.80% pa |
Note: Offset benefits are not available while the linked Loan Account is on a fixed rate of interest
Why Macquarie?
Fast turnaround times
With a straightforward application process and fast turnaround times, you'll get a timely response on the status of your 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.
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
We offer 1-5 year fixed rates on all our home loans. To view our current fixed rates click here.
If you’re a new customer and would like to apply for a fixed rate home loan, contact your home loan broker, or call us on 13 62 27, 8am-6pm Monday to Friday (Sydney time). If you’re an existing customer and would like to fix your home loan rate, please contact us on 1800 007 722 (+61 2 8245 4383), 8.30am – 5.30pm (Sydney time) Monday to Friday.
Important notes about fixed rates:
- You can’t fully fix an offset home loan. For an offset home loan, you must have at least $20K of your loan on a variable interest rate
- An offset transaction account can’t be linked to a fixed loan account. This is because offset benefits are not available while the linked loan account is on a fixed interest rate
- You can’t fix your interest rate on a construction account
- Break costs may be payable if you end your fixed term early or you make extra repayments above the thresholds below:
- If your BSB for your home loan account starts with 182 you can make extra repayments of up to $10K each year into each fixed account without incurring break costs
- If your BSB for your home loan account starts with 183 you can make extra repayments up to 5% of the initial fixed amount each year without incurring break costs
- You cannot access redraw whilst your account is fixed. Any extra payments you’ve made whilst your interest rate is fixed are only available at the end of your fixed rate period.
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:
- have the entirety your home loan at a variable rate
- have the entirety of your home loan at a fixed rate
- split your home loan into fixed and variable portions.
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.
Redraw is a product feature enabled on most home loan products except for:
- construction loans with a BSB starting with 183
- 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.
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:
- Hover over the home loan account in the account list
- Select I want to
- Select View account details
- Available funds for redraw is shown as Redraw balance under Account Summary.
Alternatively, you can:
- Select your home loan account from the account list
- Select I want to in the banner near your account product name (or account nickname)
- Select View account details in the menu drop-down
- Available funds for redraw is shown as Redraw balance under Account Summary.
To check your available redraw balance on the Macquarie Mobile Banking app:
- Select a home loan account from the main screen
- 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:
- Select the
icon from the side menu; or first click on the
icon in top left-hand corner to display the side menu
- Select the home loan account with available redraw balance
- 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:
- Select the
icon on the front screen
- Select either Internal transfer or Make a payment
- Select the home loan account with available redraw balance
- Select the Macquarie account you wish to pay to, or New payee/biller.
The daily limit for Pay Anyone and BPAY payments from your home loan can be viewed here.
To access redraw on your Reverse Mortgage or Accommodation Bond loan, please call us on 1800 007 722 (+61 8245 4383) from 8am to 7pm (Sydney time) Monday to Friday.
® Registered to BPAY Pty Ltd ABN 69 079 137 518
The home loan comparison rate is a rate that helps you work out the true cost of the loan and allows you to compare rates amongst other lenders. It reduces to a single percentage figure the interest rate plus some of the fees and charges relating to a loan. As well as the comparison rate, it’s important to consider the features each loan offers and how valuable these are to you.
New clients
Our team of dedicated home loan specialists are ready to talk through your home loan needs.
More loan options
Basic home loan
Our basic home loan features low interest rates with no application or account management fees. Great for first-home buying, refinancing or investment loans.
Variable rate home loan
A variable interest rate on your loan allows you flexibility to use your savings to reduce the interest you pay by using offset accounts.
Split home loan
Divide your loan into multiple accounts to take advantage of the benefits of both fixed and variable interest rates.
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Additional information
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.
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 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.
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.
As benchmarked across major lenders.
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Home loan information and interest rates are current as at 13 May 2022 for new loans only and are subject to change.