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Get more out of your home loan
With our offset home loan, get access to our award-winning transaction account and credit cards.4
"Part of who we are is being good with money, and that’s why we chose our home loan with Macquarie."
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 account4 so you can get more than just a home loan.
Add a credit card
- Waived annual fee3 for award-winning4 credit cards and receive a competitive rate of 5.90% on purchases for the first 14 months1.
- Our Black and Platinum Credit Cards1 are a smarter way to pay, with access to a flexible rewards program, no international purchase fees2 and compatibility with Apple Pay and Google Pay.
Using your debit card
Get free access to any rediATM in Australia and enjoy a refund on fees incurred at all other ATMs in Australia. Plus, when you shop online or in-store with overseas retailers with your Debit Mastercard®, we won't charge you any international purchase fees2.
- Dedicated help
- Get an answer faster
- Budgeting and saving
- Track spending
Stay informed throughout the process
Stay informed throughout the process
We know applying for a home loan can be stressful, that’s why we keep you up to date with emails and calls from your dedicated home loan specialist. If you have any questions along the way, our team is there to help you find the right home loan to suit your circumstances.
Fast turnaround times
Fast turnaround times
Need to move quickly? With a straightforward application process and faster turnaround times, you can enjoy peace of mind knowing you’ll get a timely response on the status of your loan.
Tools for budgeting and saving
Tools for budgeting and saving
- Get to know your spending. Each time you make a transaction, it’s automatically categorised into a group such as groceries, travel, leisure or technology.
- Create smart budgets for anything in an instant, then see how you're tracking at a glance and over time.
Transaction notifications
Transaction notifications
- Get the added security of real time notifications – opt in on your device.
- Whenever you make a transaction on your Macquarie credit or debit card, you’ll receive a push notification, so you know the correct transaction has been processed either instore or online.
- For foreign currency transactions, the alert shows the spend amount in local currency and Australian dollars.
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
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 offer the flexibility of allowing you to have some of your home loan at a fixed rate and some of your home loan at a variable rate.
Macquarie home loans offer the flexibility of allowing borrowers to:
• Have all of their home loan at a variable rate
• Have all of their home loan at a fixed rate
• Split their mortgage into fixed and variable portions.
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.
You can open up to 10 offset accounts which can be linked to an offset home loan account if you are a single or joint borrower. Offset accounts aren't available for any other type of home loan.
To open additional offset accounts:
1. Go to macquarie.com.au/everyday-banking/transaction-account
2. Go to Open an account and submit an online application to open a Macquarie transaction account as an existing customer
b. Enter your Macquarie ID and Password to login
c. If this new account is a joint account with another borrower, ensure you have ticked Yes for the question Are you applying with someone else? and have them enter their Macquarie ID and Password in Step 4 of the application
3. Once you have completed the application, you’ll need to contact us on 1800 007 722 (+61 2 8245 4383) to switch and link your transaction account to your offset home loan.
A Debit Mastercard will automatically be sent along with your online application to the postal address linked to your profile.
Please note, you can't link an offset account to a fixed home loan account.
If you are a company or trust borrower you cannot open additional offset accounts after your home loan settles.
If you have an Offset Home Loan account with a BSB starting with 032
Additional offset accounts aren't available.
Redraw is a product feature enabled on most home loan products except for:
- construction loans with a BSB starting with 032
- 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
- reverse mortgages
- accommodation bond reverse mortgages.
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:
- Select Accounts 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
- Select the Account Details tab
- 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 Pay Anyone limit to transfer funds from your account via Electronic Banking is $100,000 if you use the Macquarie Authenticator app. Otherwise, a default Pay Anyone limit of $20,000 will apply. If you need further assistance please call 1800 007 722 (+61 8245 4383) from 8am to 7pm (Sydney time) Monday to Friday.
For loan accounts with a BSB starting with 182 only, there is no daily Pay Anyone limit for funds transfers between your Macquarie accounts with a BSB starting with 182.
There is no daily limit for BPAY® payments from your account, however the institution you are paying to may have set a limit on incoming transfers.
® Registered to BPAY Pty Ltd ABN 69 079 137 518
"It just gives us... flexibility."
Additional information
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 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.
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. Offer is valid for purchases only. After the promotional period, the standard variable interest rate for purchases will apply, which is currently 20.70% pa for Macquarie Platinum and Macquarie Black.
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.
Please refer to your financial table for credit card annual fees if you discharge your loan with us. Other fees and charges may apply.
Macquarie's Transaction Account was awarded Canstar's 5-Star Rating for Outstanding Value Transaction Account in October 2020. Macquarie's Black Card - Macquarie Rewards was awarded Canstar's 5-Star Rating for Outstanding Value Premium Credit Card in October 2020. Macquarie's Platinum Card - Macquarie Rewards was awarded Canstar's 5-Star Rating for Outstanding Value Premium Credit Card in October 2020.
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.
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Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
Information and interest rates are current as at 11 November 2020 for new loans only and are subject to change.