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You can expect great rates tailored for you. Choose from a variable rate, fixed rate or a combination of both by splitting your home loan.
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Your rate is determined by loan purpose, repayment type and interest rate type.
A variable rate can increase or decrease over the loan period. Your monthly repayments may vary.
The fixed rate remains the same for a set time. Your repayments remain unchanged during the fixed term.
You can split your home loan into fixed and variable portions, to take advantage of both interest rates.
Rates are for new loans and are subject to change.
My loan is
Repayment type
| Basic home loan product ⓘ | Offset home loan product ⓘ | |||
|---|---|---|---|---|
| LVR ⓘ | Interest rate | Comparison rate ⓘ | Interest rate | Comparison rate ⓘ |
| ≤ 60% | 5.64% pa | 5.66% pa | 5.64% pa | 5.89% pa |
| ≤ 70% | 5.64% pa | 5.66% pa | 5.64% pa | 5.89% pa |
| ≤ 80% | 5.69% pa | 5.71% pa | 5.69% pa | 5.94% pa |
| ≤ 90% | 5.89% pa | 5.91% pa | 5.89% pa | 6.14% pa |
| ≤ 95% | 6.69% pa | 6.72% pa | 6.69% pa | 6.93% pa |
My loan is for
Repayment type
| Basic home loan product ⓘ | Offset home loan product ⓘ | |||
|---|---|---|---|---|
| LVR ⓘ | Interest rate | Comparison rate ⓘ | Interest rate | Comparison rate ⓘ |
| 1 year fixed rate° | ||||
| ≤ 70% | 5.09% pa | 5.61% pa | 5.09% pa | 5.84% pa |
| ≤ 80% | 5.19% pa | 5.66% pa | 5.19% pa | 5.89% pa |
| ≤ 95% | 5.45% pa | 6.59% pa | 5.45% pa | 6.81% pa |
| 2 year fixed rate° | ||||
| ≤ 70% | 4.99% pa | 5.54% pa | 4.99% pa | 5.77% pa |
| ≤ 80% | 5.09% pa | 5.60% pa | 5.09% pa | 5.83% pa |
| ≤ 95% | 5.59% pa | 6.50% pa | 5.59% pa | 6.72% pa |
| 3 year fixed rate° | ||||
| ≤ 70% | 5.09% pa | 5.51% pa | 5.09% pa | 5.74% pa |
| ≤ 80% | 5.19% pa | 5.58% pa | 5.19% pa | 5.81% pa |
| ≤ 95% | 5.69% pa | 6.43% pa | 5.69% pa | 6.65% pa |
| 4 year fixed rate° | ||||
| ≤ 70% | 5.29% pa | 5.54% pa | 5.29% pa | 5.77% pa |
| ≤ 80% | 5.39% pa | 5.61% pa | 5.39% pa | 5.84% pa |
| ≤ 95% | 5.89% pa | 6.42% pa | 5.89% pa | 6.64% pa |
| 5 year fixed rate° | ||||
| ≤ 70% | 5.29% pa | 5.51% pa | 5.29% pa | 5.75% pa |
| ≤ 80% | 5.39% pa | 5.59% pa | 5.39% pa | 5.82% pa |
| ≤ 95% | 5.89% pa | 6.36% pa | 5.89% pa | 6.58% pa |
| Note: Offset benefits are not available while the linked Loan Account is on a fixed rate of interest. | ||||
Offset accounts could help you save on the interest you pay on your home loan. Discover more about offsets and how they could benefit you.
Learn about our different home loan options so you can choose the home loan that best meets your needs.
A guide to the key terms to be aware of when choosing a home loan.
We offer two home loan products: the basic home loan facility, and the offset home loan facility. With Macquarie, you can use one or multiple properties as security for your home loan, with a single loan balance limit. We call this a facility structure.
For example, if you have an owner occupied property as well as an investment property, you only need to open one facility, instead of two. This means you’ll avoid paying multiple sets of fees and gives you greater flexibility to tailor your loan set up.
We want to ensure your home loan is set up in a way that works for you and that’s why we’ve designed this step-by-step guide so you can feel confident understanding how Macquarie Home Loans work and what features are right for you.
To find out about Macquarie Bank’s current home loan interest rate, please click here.
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 and may change your contracted monthly repayments.
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.
Yes, generally you can make extra repayments on your variable interest rate home loan, without paying any additional fees.
You can do this via our Macquarie Online Banking or Mobile Banking app. Our Macquarie Help Centre has more information on how to make extra repayments on your home loan.
Please note, if you have a Home Loan account with a BSB starting with 183,
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 want to apply for a fixed rate home loan, contact your home loan broker, or speak to our team of experts by requesting a call.
If you’re an existing customer and would like to fix your home loan rate, please contact us via live chat on Macquarie Online Banking or Mobile Banking app, 9am - 5pm (Sydney time) Monday to Friday. Visit Macquarie Help Centre to find out more about switching your home loan account to a fixed rate.
Important notes about fixed rate accounts:
After the fixed term on your home loan expires, there are typically three things you could do:
Learn more about your options here.
Redraw is a product feature which typically allows you to access some or all of the additional repayments that you’ve made on your home loan over and above the minimum required repayments.
Redraw is a product feature enabled on most home loan products except for:
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 the available redraw will start reducing to ensure her home loan limit is $0 at the end of her loan term.
For more information on how to check your redraw balance or accessing it on Macquarie Online Banking, visit Macquarie Help Centre.
Our team of home loan experts are here to help. Request a call by completing the form and we'll typically make contact with you within 1 business day.
Support for customers
For more information, view the full Macquarie home loans terms and conditions and the Macquarie electronic banking terms and conditions.
This information is provided by Macquarie Bank Limited ABN 46 008 583 542 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.
Rate applies for new basic owner-occupier home 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.
2 year fixed rate° and comparison rate‡ for basic owner-occupied home loans with principal and interest repayments. Rate applies for new loans when you borrow up to 70% of the property value with a principal and interest repayment fixed rate loan. Subject to change without notice.
Fixed rate loan accounts 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.
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 and link up to 10 offset accounts per variable rate loan account for single or joint borrowers (up to 4 offset accounts per variable rate loan account can be requested at application stage). Company and trust borrowers can open up to 4 offset accounts which must be opened at application. Offset Home Loan Facility cannot be fully fixed and offset accounts cannot be linked to fixed rate loan accounts. For an Offset Home Loan Facility, the variable rate loan account must have a minimum limit of $20,000.
The Offset Home Loan Facility fee is payable in exchange for the ability to open and link offset accounts. The fee is payable in two equal instalments every 6 months per facility. The first fee is payable 6 months after your settlement date, then the Offset Home Loan Facility fee is payable every 6 months thereafter (unless you switch your loan to a Basic Home Loan).
Additional repayments of up to $10,000 can be made on a fixed rate account each year without penalty (additional payments above this amount may incur break costs). The 12-month period is calculated from the date the fixed term commenced. When your account has reverted to a variable rate at the end of a fixed term (1) you can make further additional repayments without incurring break costs and (2) any additional repayments made during the fixed term become available for redraw (subject to our terms and conditions).
Due to state and territory laws, restrictions may apply to digitally signing the Mortgage Form.
Home loan information and interest rates are current as at 28 July 2025 for new loans only and are subject to change.
