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"Choosing a better home loan with Macquarie was easy."
Owner Occupied with principal and interest repayments
| LVR# | Basic Interest rate |
Basic Comparison rate‡ |
Offset Interest rate |
Offset Comparison rate‡ |
|---|---|---|---|---|
| ≤ 60% | 2.64% pa | 2.64% pa | 2.64% pa | 2.91% pa |
| ≤ 70% | 2.74% pa | 2.74% pa | 2.74% pa | 3.01% pa |
| ≤ 80% | 2.89% pa | 2.89% pa | 2.89% pa | 3.16% pa |
| ≤ 90% | 3.14% pa | 3.14% pa | 3.14% pa | 3.40% pa |
| ≤ 95% | 3.46% pa | 3.46% pa | 3.46% pa | 3.72% pa |
Owner Occupied with principal and interest repayments
| LVR# | Basic Interest rate |
Basic Comparison rate‡ |
Offset Interest rate |
Offset Comparison rate‡ |
|---|---|---|---|---|
| 1 year fixed rate° | ||||
| ≤ 70% | 2.19% pa | 2.69% pa | 2.19% pa | 2.96% pa |
| ≤ 80% | 2.39% pa | 2.85% pa | 2.39% pa | 3.11% pa |
| ≤ 95% | 2.69% pa | 3.39% pa | 2.69% pa | 3.65% pa |
| 2 year fixed rate° | ||||
| ≤ 70% | 2.19% pa | 2.65% pa | 2.19% pa | 2.92% pa |
| ≤ 80% | 2.39% pa | 2.80% pa | 2.39% pa | 3.07% pa |
| ≤ 95% | 2.69% pa | 3.33% pa | 2.69% pa | 3.59% pa |
| 3 year fixed rate° | ||||
| ≤ 70% | 2.19% pa | 2.60% pa | 2.19% pa | 2.88% pa |
| ≤ 80% | 2.39% pa | 2.77% pa | 2.39% pa | 3.03% pa |
| ≤ 95% | 2.69% pa | 3.26% pa | 2.69% pa | 3.53% pa |
| 4 year fixed rate° | ||||
| ≤ 70% | 2.74% pa | 2.74% pa | 2.74% pa | 3.01% pa |
| ≤ 80% | 2.84% pa | 2.87% pa | 2.84% pa | 3.14% pa |
| ≤ 95% | 3.04% pa | 3.32% pa | 3.04% pa | 3.58% pa |
| 5 year fixed rate° | ||||
| ≤ 70% | 2.74% pa | 2.74% pa | 2.74% pa | 3.01% pa |
| ≤ 80% | 2.84% pa | 2.87% pa | 2.84% pa | 3.14% pa |
| ≤ 95% | 3.04% pa | 3.29% pa | 3.04% pa | 3.55% pa |
Note: Offset benefits are not available while the linked Loan Account is on a fixed rate of interest
Investment with principal and interest repayments
| LVR# | Basic Interest rate |
Basic Comparison rate‡ |
Offset Interest rate |
Offset Comparison rate‡ |
|---|---|---|---|---|
| ≤ 60% | 2.89% pa | 2.89% pa | 2.89% pa | 3.16% pa |
| ≤ 70% | 2.99% pa | 2.99% pa | 2.99% pa | 3.26% pa |
| ≤ 80% | 3.19% pa | 3.19% pa | 3.19% pa | 3.45% pa |
| ≤ 90% | 3.95% pa | 3.95% pa | 3.95% pa | 4.20% pa |
Investment with principal and interest repayments
| LVR# | Basic Interest rate |
Basic Comparison rate‡ |
Offset Interest rate |
Offset Comparison rate‡ |
|---|---|---|---|---|
| 1 year fixed rate° | ||||
| ≤ 70% | 2.59% pa | 2.95% pa | 2.59% pa | 3.22% pa |
| ≤ 80% | 3.04% pa | 3.18% pa | 3.04% pa | 3.44% pa |
| ≤ 90% | 3.24% pa | 3.88% pa | 3.24% pa | 4.14% pa |
| 2 year fixed rate° | ||||
| ≤ 70% | 2.59% pa | 2.92% pa | 2.59% pa | 3.19% pa |
| ≤ 80% | 3.04% pa | 3.16% pa | 3.04% pa | 3.43% pa |
| ≤ 90% | 3.24% pa | 3.82% pa | 3.24% pa | 4.08% pa |
| 3 year fixed rate° | ||||
| ≤ 70% | 2.59% pa | 2.89% pa | 2.59% pa | 3.16% pa |
| ≤ 80% | 3.04% pa | 3.15% pa | 3.04% pa | 3.42% pa |
| ≤ 90% | 3.24% pa | 3.77% pa | 3.24% pa | 4.02% pa |
| 4 year fixed rate° | ||||
| ≤ 70% | 2.94% pa | 2.97% pa | 2.94% pa | 3.24% pa |
| ≤ 80% | 3.04% pa | 3.14% pa | 3.04% pa | 3.40% pa |
| ≤ 90% | 3.24% pa | 3.71% pa | 3.24% pa | 3.97% pa |
| 5 year fixed rate° | ||||
| ≤ 70% | 2.94% pa | 2.97% pa | 2.94% pa | 3.24% pa |
| ≤ 80% | 3.04% pa | 3.13% pa | 3.04% pa | 3.39% pa |
| ≤ 90% | 3.24% pa | 3.66% pa | 3.24% pa | 3.92% pa |
Note: Offset benefits are not available while the linked Loan Account is on a fixed rate of interest
Our offset home loan package gives you a flexible loan structure and great rate. It includes an award-winning~ credit card and transaction account so you can get more than just a home loan.
You can request a call online or give us a call on 13 62 27 to speak with a home loan specialist.
As your application progresses, you'll be kept up to date with email notifications and calls from your dedicated home loan specialist.
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 available redraw will start reducing to ensure her home loan limit is $0 at the end of her loan term.
"My usual bank gave me the usual run around, so I chose a home loan with Macquarie."
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 you use of the calculator. The information in the calculator does not consitute an offer to lend or imply the product is suitable for you.
New offset home loan rate applies for new loans when you borrow up to 60% of the property value with a 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.
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.
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.
Our cards are 5-star Canstar rated for Outstanding Value Travel Credit Card and Outstanding Value Travel Debit Card for 2019/2020.
You must be a member of the Qantas program to earn and redeem Qantas Points. A joining fee usually applies, however MBL has arranged for this to be waived if you are a new applicant for a home loan that includes a flyer feature and you apply for membership online at qantas.com/joinffmacquarieflyer. Membership and the earning and redemption of Qantas Points are subject to the Qantas terms and conditions available at qantas.com/terms. Qantas Points, offered by Macquarie Bank Limited (MBL), accrue and will be credited to your Qantas account in accordance with your Home Loan terms and conditions. You may not earn Qantas Points if you are in arrears or default under your loan agreement, or during the construction period of a loan. Macquarie is not responsible for the administration of the Qantas program. Qantas Airways Limited remains at all times solely responsible for the administration of the Qantas program. Qantas has made no enquiries as to the accuracy of the Macquarie products or services described, and is not responsible for errors or omissions.
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.
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.
The calculations are based on a principal and interest repayment type only. Principal and interest repayments are calculated based on the loan term, interest rate and loan limit.
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.
Qantas has made no enquiries as to the accuracy of the Macquarie products or services described, and is not responsible for errors or omissions. Macquarie Bank Basic and Offset home loans are not Qantas products and are not offered or issued by Qantas but by Macquarie as Servicer.
Macquarie Bank Basic and Offset home loans are issued by Macquarie and are not Qantas products nor are they offered or issued by Qantas. Qantas has made no enquiries as to the accuracy of the Macquarie products or services described, and is not responsible for errors or omissions.
Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
Information and interest rates are current as at 28 May 2020 and are subject to change.
