A complete banking package

With an offset home loan you can get great interest rates plus a credit card and transaction account~.

Mel and Jonathan standing on their veranda

"The offset has really helped us..."

Melissa and Jonathan

Offset account options

  • Open up to 10 offset accounts per loan account.
  • Open unlimited loan accounts after settlement with differing repayment types.
  • Plus get a linked Debit Mastercard® for everyday transacting.

Fee free access at ATMs

  • We won’t charge you ATM fees anywhere in the world3.
  • All ATM fees within Australia are instantly refunded.

 

Waived credit card annual fee

  • Waived credit card annual fee4 on your credit card linked to your home loan.
  • Receive a great rate of 5.90% on purchases for the first 14 months2.

 

$0 international purchase fees

When you shop online or in-store overseas with your Macquarie Debit Mastercard®.

Earn Qantas Points

Opt in to receive Qantas Points1 (different rates may apply).

Add a credit card

Everyday banking to save as you spend

Everyday banking to save as you spend

Apply for our credit card as part of your home loan package to earn Macquarie reward points×. If you add a transaction account~ you’ll also get access to ongoing discounts of up to 10% on a wide range of eGift cards with Macquarie Marketplace.

A woman pays with an Apple watch and a man sitting next to her smiling, outside. Macquarie - Apple Pay
Home loan package

More than just a home loan

More than just a home loan

Our offset home loan package gives you a flexible loan structure and great rate. It includes a credit card and transaction account~ so you can get more than just a home loan.

Middle aged Asian man standing outside his home on a sunny day. Macquarie customer - Chi
Get an answer, faster

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.

A woman with one hand on her face and the other holding a laptop screen, sitting at a wooden table in a dining room, well lit during the day.
Dedicated help

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.

Happy couple talking on a coffee break after unpacking their belongings at new apartment.

Interest rates

Owner occupier rates from Rate
Variable rate*, Principal and Interest 2.29% pa
Comparison rate, Principal and Interest 2.57% pa
   
Investment rates from Rate
Variable rate*, Principal and Interest 2.39% pa
Comparison rate, Principal and Interest 2.67% pa
View all of our rates  

Rate types

Rate type Availability
Variable rates Available
Fixed rates5 1, 2, 3, 4, and 5 year fixed available
View all of our rates  

Ongoing account fees

Fee type Fee amount
Application fee $0
Monthly fee $0
Annual package fee $248

 

Other fees and charges may apply.

Loan limits

Loan details Limit
Maximum loan term Up to 30 years
Minimum new loan amount $150,000
Maximum new loan amount $5,000,000
Minimum increase amount $10,000
Multiple loan accounts 6 on settlement, and unlimited after settlement

Repayment and redraw options

Repayment options  
Repayment type Principal and interest or interest only
Interest only duration Up to 5 years6
Repayment frequency Monthly
Additional payments Unlimited if your account is on a variable interest rate, however if your account is on a fixed interest rate you can make additional repayments of up to $10,000 per year.
Repayment method Direct debit or EFT/Salary credit
Redraw options  
Redraw Unlimited if your account is on a variable interest rate, however if your account is on a fixed interest rate you can redraw at the end of your fixed period.

Access and payment methods

Type Availability
Online banking
Available
Mobile banking app
iOS / Android
BPAY® out
Available
Statements
Every 6 months
ATM access Offset account
Online shopping Offset account
International access Offset account
Contactless purchase Offset account

Card and transaction limits

Transaction type Limit
Daily limit for domestic ATM or other cash withdrawals $2,000 daily

Daily Debit Mastercard transaction limit

Purchases made online, by telephone or when selecting ‘Mastercard Debit’, ‘credit’ or ‘CR’ in stores.    

Up to the available balance of your account
Mastercard contactless limit with no PIN $200 per transaction

Daily Pay Anyone Payment limit


** The $100,000 limit applies if you use the Macquarie Authenticator App and are registered for Electronic Banking. Otherwise, a default limit of $20,000 applies. From 16 August 2021, the default limit will be $5,000 and your applicable daily limit applies to all of the daily Pay Anyone payments you make across all your eligible accounts linked to your Macquarie ID.

$100,000 daily until 16 August 2021**

NPP Payment sub-limit                                                                

** This limit operates as a sub-limit of the daily Pay Anyone limit. From 16 August 2021, the $10,000 limit applies if you use the Macquarie Authenticator App and are registered for Electronic Banking. Otherwise, a default limit of $5,000 applies.

 $10,000 daily until 16 August 2021^

Daily BPAY limit

Some billers may impose their own limits.

Up to the available balance of your account

Terms, conditions and documents

Terms and conditions Link
Macquarie home loans terms and conditions Download PDF
Macquarie electronic banking terms and conditions View conditions

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

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%. 
Fixed rate home loans have an interest rate that is fixed for a set period of time (typically 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.
 
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.
 
Once you’ve completed an application with your broker or home loan specialist, we can (in most cases) provide you with a pre-approval within one business day if your application qualifies. Once you are successful with a property and provide us with all required documentation, we work quickly to provide you with unconditional approval and open your home loan account. 
 
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.
If you have an Offset Home Loan account with a BSB starting with 182

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
 
a. To do this select Yes for the question Do you have any other Macquarie products?
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 183
 
Additional offset accounts aren't available.
Redraw is a product feature that allows you to make extra payments to reduce the outstanding balance of your home loan, which in turn reduces the amount of interest you pay. A redraw facility may allow you to access the extra payments you’ve made up to your loan limit at that time.

Redraw is a product feature enabled on most home loan products except for:
 
  • construction loans with a BSB starting with 183
  • 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.


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:
 
  1. Select Accounts from the side menu; or first click on the  icon in top left-hand corner to display the side menu
  2. Select the home loan account
  3. Select the Account Details tab
  4. Available funds for redraw is shown as Redraw balance under Account Summary.

To check your available redraw balance on the Macquarie Mobile Banking app:
 
  1. Select a home loan account from the main screen
  2. 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:
 
  1. Select the  icon from the side menu; or first click on the  icon in top left-hand corner to display the side menu
  2. Select the home loan account with available redraw balance
  3. 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:
 
  1. Select the  icon on the front screen
  2. Select either Internal transfer or Make a payment
  3. Select the home loan account with available redraw balance
  4. Select the Macquarie account you wish to pay to, or New payee/biller.

The daily limit for Pay Anyone and BPAY payments from your home loan can be viewed here.

To access redraw on your Reverse Mortgage or Accommodation Bond loan, please call us on 1800 007 722 (+61 8245 4383) from 8am to 7pm (Sydney time) Monday to Friday.

®  Registered to BPAY Pty Ltd ABN 69 079 137 518

"The offset has really helped us from a family perspective to be able to manage our money better."

Melissa and Jonathan

New clients

Monday to Friday 8am – 6pm (Sydney time)

13 62 27

Existing clients

Monday to Friday 8am – 6pm (Sydney time)

1800 007 722

Help and support

Visit our online Help Centre.

Additional information

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.

*

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.

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.

~

Macquarie's Transaction Account was awarded Canstar's Outstanding Value Transaction Account in April 2021.

Open up to 10 offset accounts per loan account if you have an individual or joint borrower home loan. Company and trust borrowers can open up to 4 offset accounts which must be opened at application.

1

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.

2

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.

3

We will refund fees charged to you by domestic ATM operators in connection with domestic ATM transactions, but you’ll need to pay any other fee that you’re charged by any international ATM operator.

4

For new home loans, credit card annual fees apply when you discharge your home loan; $99 ongoing for Macquarie Platinum Card (Macquarie Rewards), $99 ongoing for Macquarie Platinum Card (Qantas Rewards), $149 ongoing for Macquarie Black Card (Macquarie Rewards) and $149 ongoing for Macquarie Black Card (Qantas Rewards). For existing home loans, please refer to your financial table for credit card annual fees if you discharge your loan with us. Other fees and charges may apply. 

5

Fixed rate loans may be subject to significant break costs. Please refer to your loan contract and terms for details of break costs applicable. At the end of the fixed rate period, the loan rate will revert to the variable interest rate detailed in your loan contract, as applicable at that time. Offset accounts cannot be linked to loan accounts with a fixed interest rate and you must have a variable rate loan account with a minimum balance of $20,000 to qualify for a fixed rate.

6

If you’ve chosen to make interest only repayments at any stage of your loan, you may end up paying more interest over the life of the loan. This is because you are deferring your principal repayments. At the end of your interest only period, your minimum contractual repayments will increase to include principal repayments as well as interest.

We don’t charge any fees in connection with our transaction and savings account products but others, such as other financial institutions, may.

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.

Apple, the Apple logo & iPhone are trademarks of Apple Inc, registered in the U.S. and other countries. App Store is a service mark of Apple Inc.

Android, Google Pay, Google Chrome and the Google Logo are trademarks of Google LLC.

Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

BPAY is a registered trademark of BPAY Pty Ltd ABN 69 079 137 518.

Home loan information and interest rates are current as at 22 July 2021 for new loans only and are subject to change.