Settle for nothing less than great rates and low fees.
Save over the life of your home loan with access to great rates and no hidden fees or charges.
Turnaround times that won’t leave you wondering.
At Macquarie, we pride ourselves on having market-leading turnaround times so you can make your next move with confidence.
When it comes to your home loan, we’re flexible.
With fixed rates for more certainty, variable rates, and offset accounts to reduce the amount of interest you pay - you’ve got options.
An award-winning digital app.~
Plan your future, keep track of your investment, and stay in control. Managing your home loan has never been easier from the palm of your hand.
Submit your application in a few simple steps. Apply if you are 18 years or older and a permanent resident of Australia.
3 minutes
Answer a few simple questions and we’ll provide a tailored quote with your rate and repayments.
15 minutes
Provide information about you, your property, what you earn and what you owe.
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.
Customers can set up their own scheduled payments into their loan account monthly, fortnightly or weekly within Macquarie’s online and mobile banking. Customers will need to arrange for sufficient funds to be credited to their home loan account/s to meet their monthly repayment amount by the due date. If a customer elects for Macquarie to "pull" the repayment using a direct debit, this occurs monthly.
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%.
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.
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:
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:
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:
To open additional offset accounts via the Macquarie Mobile Banking app:
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:
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:
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.
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:
Alternatively, you can:
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 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.
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"We wanted to pay off our home loan faster so we could do more of the things we loved. So we switched to a Macquarie home loan."
Support for customers
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 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.
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. Offer is valid for purchases only.
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.
Please refer to your financial table for credit card annual fees if you discharge your loan with us. Other fees and charges may apply.
Bank of the year – Digital, Money Magazine 2023.
This information is provided by Macquarie Bank Limited AFSL and 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.
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Home loan information and interest rates are current as at 24 April 2024 for new loans only and are subject to change.