| LVR | Basic Interest rate | Basic Comparison rate‡ | Offset Interest rate | Offset Comparison rate‡ |
|---|---|---|---|---|
| ≤ 60% | 6.15% pa | 6.17% pa | 6.15% pa | 6.40% pa |
| ≤ 70% | 6.15% pa | 6.17% pa | 6.15% pa | 6.40% 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 |
| Rates are for new loans and are subject to change. | ||||
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Home loan interest rates
With a Macquarie home loan, you can expect great rates and low fees.
Home loan rates
Choose from flexible loan options such as variable rates, fixed rates or a split home loan.
Owner occupied variable rates
Owner occupied fixed rates
| LVR | Basic Interest rate | Basic Comparison rate‡ | Offset Interest rate | Offset Comparison rate‡ |
|---|---|---|---|---|
| 1 year fixed rate° | ||||
| ≤ 70% | 6.39% pa | 6.20% pa | 6.39% pa | 6.42% 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 | 6.16% pa | 6.09% pa | 6.39% 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 | 6.13% 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 | 6.19% pa | 6.19% pa | 6.41% pa |
| ≤ 80% | 6.25% pa | 6.24% pa | 6.25% pa | 6.46% pa |
| ≤ 95% | 6.65% pa | 7.01% pa | 6.65% pa | 7.23% pa |
| 5 year fixed rate° | ||||
| ≤ 70% | 6.19% pa | 6.19% pa | 6.19% pa | 6.42% 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 |
| Rates are for new loans and are subject to change. Note: Offset benefits are not available while the linked Loan Account is on a fixed rate of interest. | ||||
Investment variable rates
Investment fixed rates
| 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 |
| Rates are for new loans and are subject to change. Note: Offset benefits are not available while the linked Loan Account is on a fixed rate of interest. | ||||
Home loan options
Offset home loan
Have the flexibility to use your savings to reduce the interest you pay.
Variable 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.
Fixed home loan
Lock in certainty on monthly repayments. Your repayments will stay the same throughout the fixed loan term, making it easier to manage your cash flow.
Basic home loan
A home loan built on value, offering low fees and competitive rates.
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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.
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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
To find out about Macquarie Bank’s current home loan interest rate, please click here.
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%.
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 call us on 13 62 27, 8am - 6pm (Sydney time) Monday to Friday.
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) and select option 2, 9am - 5pm (Sydney time) Monday to Friday.
Important notes about fixed rate accounts:
- You can’t fully fix an offset home loan. For an offset home loan, you must have at least $20,000 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 $10,000 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 can’t 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.
Don’t want to wait on the phone?
Our Customer Solutions phone line now has an automated call back service available to you. If our wait times are longer than 5 minutes, you’ll be offered an automated call back to accept at the start of the call.
- Once your call reaches the front of the queue, we’ll call you back
- This feature saves you time waiting on hold and lets you get on with your day
- This service is available for calls received prior to 3pm (Sydney time).
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.
The home loan interest rate is the actual rate at which interest is charged on your home loan and doesn’t include fees.
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.
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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 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.
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.
Home loan information and interest rates are current as at 30 January 2024 for new loans only and are subject to change.