| Investment rates from | Rate |
|---|---|
| Variable rate*, Principal and Interest | 2.69% pa |
| Comparison rate‡, Principal and Interest | 2.96% pa |
| View all of our rates |
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Offset home loan
Pay off your loan sooner by using your savings to reduce the amount of interest you pay.
A complete banking package
With an offset home loan you can get great interest rates plus an award-winning credit card and transaction account.~
"The offset has really helped us..."
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.
$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
- Home loan package
- Get an answer, faster
- Dedicated help
Add a credit card
Everyday banking to save as you spend
Everyday banking to save as you spend
Apply for our award-winning~ credit card as part of your home loan package to earn Macquarie rewards 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.
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 an award-winning~ credit card and transaction account so you can get more than just a home loan.
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.
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.
Rates and fees
This infomation is for new loans only.
Interest 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 |
These limits only apply to cards with the EFTPOS logo.
Cash out transactions made by selecting ‘savings’ or ‘EFTPOS savings’ at EFT Terminals. |
$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 is applicable for customers who use the Macquarie Authenticator App and are registered for Electronic Banking. Otherwise, a default limit of $20,000 will apply. |
$100,000 daily** |
NPP Payment sub-limit This limit operates as a sub-limit of the daily Pay Anyone limit. |
$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 |
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.
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.
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
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.
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
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 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 allows 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:
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:
To check your available redraw balance on the Macquarie Mobile Banking app:
Accessing your redraw balance
To access your available redraw balance on Macquarie Online Banking:
To access your available redraw balance on the Macquarie Mobile Banking app:
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.
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
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.
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.
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
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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 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.
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.
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 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.
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.
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.
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.
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.
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.
Information and interest rates are current as at 11 November 2020 for new loans only and are subject to change.