Features and benefits

Offset account options

  • Open up to 10 offset accounts per loan account allowing you to pay off your loan sooner by using your savings to reduce the amount of interest you pay.

Waived credit card annual fee

  • Add a credit card to your home loan and the annual fee1 for the credit card will be waived.
  • You'll also receive a great rate of 5.90% on purchases for the first 14 months2.

Debit Mastercard®

  • Get a linked Debit Mastercard® for everyday transacting.
  • Fee-free access at ATMs3.
  • $0 international purchase fees when you shop online with overseas retailers.

3 ways to save on your home loan

Young boy sits on a tyre wing as his aunt pushes him

Get set to save with one of the lowest~ variable home loan rates in the market, offset accounts, and Marketplace rewards.

I bank with Macquarie

Interest rates

Owner occupier rates from Rate
Variable rate*, Principal and Interest 2.39% pa
Comparison rate, Principal and Interest 2.67% pa
   
Investment rates from Rate
Variable rate*, Principal and Interest 2.54% pa
Comparison rate, Principal and Interest 2.81% pa
View all of our rates  

Rate types

Rate type Availability
Variable rates Available
Fixed rates4 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 $10,000,000
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 years5
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 $5,000 applies. 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. If you hold a joint account, click here for information about how this limit applies to you.

$100,000 daily**

NPP Payment sub-limit                                                                

^This limit operates as a sub-limit of the daily Pay Anyone limit. 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^

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

Why Macquarie?

Fast turnaround times

With a straightforward application process and fast turnaround times, you'll get a timely response on the status of your loan.

Flexible loan options

Tailor your loan with options such as splitting between variable and fixed interest rates, adding an offset account, or our low fee basic home loan.

Exceptional service

We'll keep you informed and up to date throughout the process. And if you need any help along the way, our home loan specialists are available to answer any questions.

Great rates and low fees

Macquarie home loans are built on great value. Our competitive rates and low fees help you pay off your home loan faster.

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 from 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 are flexible and allow you to access both a fixed rate and variable rate for your loan. As a borrower, this means you can:

  • have the entirety your home loan at a variable rate
  • have the entirety of your home loan at a fixed rate
  • split your home loan into fixed and variable portions.


Splitting your loan between variable and fixed interest rates gives you flexibility to structure your loan to suit your circumstances. You can divide your home loan in a variety of ways, such as locking in a fixed interest rate portion and variable interest rate portion, to take advantage of a mix of rate types over the life of your loan.

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.

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’re a single or joint borrower. Offset accounts aren’t available for any other type of home loan.

The linked home loan must meet the following criteria:
  • You have a variable rate offset home loan (offset accounts can’t be linked to fixed rate loan accounts)
  • Single or joint borrowers
  • You have less than 10 offset accounts linked to your home loan
  • The borrowers are not a company or trust. Company and trust borrowers can’t open additional offset accounts after your loan settles.

Your new offset account can be either single or joint. Please note joint accounts are limited to two joint account holders who are party to the linked home loan.

All offset account holders must be account holders of the linked offset home loan.

To open additional offset accounts via Macquarie Online Banking:
  1. Log into Macquarie Online Banking
  2. Click Open an account at the top of your accounts list
  3. Find the offset account option and click Open an account
  4. Select the home loan account you want the new offset account to be linked to. Only eligible offset home loans will display in this list
  5. If you chose to link a joint home loan, select the account holders you want to have access to your new offset account. You can choose to have a single or joint offset account. We only offer joint offset accounts with a maximum of two accounts holders, and all offset account holders must be account holders of the linked offset home loan
  6. Select whether you want a debit card or not. If you want to use ApplePay or GooglePay for this account, select Yes as you’ll need the debit card to activate this on your mobile device
  7. Select answers to the three account questions. Your answers will not be used for marketing purposes
  8. Click Open account.

If you applied for a joint offset account, your joint account holder will need to review and approve the application.

To review and approve an application for a joint offset account via Macquarie Online Banking:
  1. Log into Macquarie Online Banking
  2. Click the bell icon at the top left of the screen to find the notification alerting you that your joint holder has made a request to open a joint offset account with you. Click Review
  3. Read the offset account info and click Open an account
  4. Select whether you want a debit card or not. If you want to use ApplePay or GooglePay for this account, select Yes as you’ll need the debit card to activate this on your mobile device. If your joint applicant also requested a debit card, your card will be sent to their address. If you request a debit card and your joint account holder did not, your debit card will be sent to your specified address
  5. Select answers to the three account questions. Your answers will not be used for marketing purposes
  6. Click Open account.

To open additional offset accounts via the Macquarie Mobile Banking app:
  1. Log into the Macquarie Mobile Banking app
  2. Click the menu icon at the bottom right of the screen
  3. Scroll until you find the offset account option, and click Open an account
  4. Select the home loan account you want the new offset account to be linked to, then click Next. Only eligible offset home loans will display in this list
  5. If you chose to link a joint home loan, select the account holders you want to have access to your new offset account. You can choose to have a single or joint offset account. We only offer joint offset accounts with a maximum of two accounts holders, and all offset account holders must be account holders of the linked offset home loan
  6. Select whether you want a debit card or not. If you want to use ApplePay or GooglePay for this account, select Yes as you’ll need the debit card to activate this on your mobile device
  7. Select answers to the three account questions. Your answers will not be used for marketing purposes
  8. Click Open account.

If you applied for a joint offset account, your joint account holder will need to review and approve the application.

To review and approve an application for a joint offset account via the Macquarie Mobile Banking app:
  1. Log into the Macquarie Mobile Banking app
  2. Click the bell icon at the bottom right of the screen and look for the notification alerting you that your joint holder has made a request to open a joint offset account with you. Click Review
  3. Read the offset account info and click Open an account
  4. Review the linked home loan account and the offset account holders, then click Next
  5. Select whether you want a debit card or not. If you want to use ApplePay or GooglePay for this account, select Yes as you’ll need the debit card to activate this on your mobile device. If your joint applicant also requested a debit card, your card will be sent to their address. If you request a debit card and your joint account holder did not, your debit card will be sent to your specified address
  6. Select answers to the three account questions. Your answers will not be used for marketing purposes
  7. Click Open account.

If you have an Offset Home Loan account with a BSB starting with 183

Additional offset accounts aren't available for these Offset Home Loan accounts.
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. Hover over the home loan account in the account list
  2. Select I want to
  3. Select View account details
  4. Available funds for redraw is shown as Redraw balance under Account Summary.

Alternatively, you can:
  1. Select your home loan account from the account list
  2. Select I want to in the banner near your account product name (or account nickname)
  3. Select View account details in the menu drop-down
  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

New clients

Our team of dedicated home loan specialists are ready to talk through your home loan needs.

Existing clients

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

1800 007 722

Help and support

Visit our online Help Centre.

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

Melissa and Jonathan

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.

Open up to 10 offset accounts per variable 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. Offset accounts cannot be linked to fixed rate loan accounts. For split loans, with a fixed and variable rate portion, the variable rate loan account must have a minimum limit of $20,000 to qualify for an offset account.

~

As benchmarked across major lenders.

1

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. 

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

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.

5

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.

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 13 May 2022 for new loans only and are subject to change.