How to save for a home loan deposit

Ideally, you should save as much as possible before buying a home. The more you save for a home loan deposit, the smaller your loan and the higher your chances of getting approved for a home loan.

Make sure your deposit savings plan also takes into account the extra costs associated with buying and moving into your new home. This can include stamp duty, conveyancing and other government and upfront costs.


 

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

 

Thanks for your enquiry. We’ll aim to contact you within one business day.

For some enquiries we will contact you via email only.

There has been an error. Please contact us.


If you're refinancing, request a call or contact us on 13 62 27 Monday to Friday 8am - 6pm (Sydney time).

For a faster response on your pre-approval enquiry, try our calculator to estimate your borrowing power and continue to apply online.

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By submitting this enquiry, I acknowledge that I have read the Macquarie Group privacy policy, and understand that Macquarie will use my personal information to contact me in relation to my enquiry, and for other general marketing purposes.

You can change your marketing preferences by telephoning Macquarie on 1800 806 310 or customising your preferences with the unsubscribe link included in our marketing communications. Please note that all of our calls are recorded. If you do not want your call to be recorded, please advise the Macquarie staff member.

 

Frequently asked questions

You can apply for a new home loan or Investor loan on our online portal. You can also request a call online or give us a call on 13 62 27 to speak with a Banking Specialist (Monday to Friday, 8am-6pm Sydney time).

The Low Deposit Fee (LDF) is a one-off amount payable by you, in connection with the low deposit being paid by you and/or the low amount of equity you have in your security property. The LDF helps us to recover some of the potential losses that we may encounter if you're unable to repay your home loan.

See the Low Deposit Fee Fact Sheet for further information.

Additional information

This information has been prepared by Macquarie Bank Limited AFSL and Australian Credit Licence 237502 (MBL) 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.